Fed Chair Jerome Powell fires back at DOJ investigation against him
Fed Chair Jerome Powell fires back at DOJ investigation against him
- January 12, 2026
- Gary Richardson, economics, KNBC, Jan. 12, 2026 (Video)
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Federal Reserve Chairman Jerome Powell is now under a criminal investigation by the Justice Department. President Trump has clashed with the Fed Chair over interest rates. … “When the central bank changes interest rates, there’s a tradeoff: boost the economy today but at a cost tomorrow, in terms of inflation that erodes people’s wealth and people’s incomes,” says Gary Richardson, UC Irvine professor of economics and former official historian of the Federal Reserve.
For the full story, please visit https://www.nbclosangeles.com/video/news/national-international/fed-chair-jerome-powell-fires-back-at-doj-investigation-against-him/3830670/.
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