Jerome Powell
Powell investigation: Drumbeat of Republican opposition grows on Capitol Hill
U.S. Senator Lisa Murkowski (R-AK) walks after the Senate passes U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025. Elizabeth Frantz | Reuters Republican protests are growing louder on Capitol Hill as the Trump administration’s Department of Justice pursues a criminal investigation into Federal Reserve […]
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‘Sell America’ trade: Dollar drops, gold surges as Trump’s Fed pressure campaign raises fears about U.S. system
Precious metals are jumping to records. The U.S dollar is dropping. Stocks are choppy. Monday is all about the “Sell America” trade after Federal Reserve Chair Jerome Powell’s bombshell announcement that he’s under criminal investigation — which market participants see as a sign of President Donald Trump’s interest in stripping away the central bank’s political […]
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Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe
Key Points Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges. That position substantially complicates the road to replacing Powell, whose term as chair expires in May. While Powell’s term as chair ends […]
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Powell’s criminal investigation, Google’s AI shopping push, Boeing deliveries and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. I find myself at an impasse trying to decide what to write in this intro. As someone who’s committed to their skincare routine, I should write about this story on the latest men’s beauty trend. But as a Michigan native, […]
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Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush
One kilogram gold bars stacked at the Perth Mint Refinery, operated by Gold Corp. Matt Jelonek | Bloomberg | Getty Images Gold hit a fresh record high on Monday, extending a blistering rally as investors piled into havens amid a swirl of geopolitical and policy shocks in recent days. Spot gold advanced 2% to hit […]
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European markets open the week on a somber note as Fed Powell probe in focus
Lights on in skyscrapers and commercial buildings on the skyline of the City of London, UK, on Tuesday, Nov. 18, 2025. U.K. business chiefs urged Chancellor of the Exchequer Rachel Reeves to ease energy costs and avoid raising the tax burden on corporate Britain as she prepares this year’s budget. Bloomberg | Bloomberg | Getty Images LONDON […]
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CNBC Daily Open: Iran has more avenues of retaliating against the U.S. — including oil supply
Iranians gather while blocking a street during a protest in Tehran, Iran on January 9, 2026. Mahsa | Afp | Getty Images Iran now appears to be next on President Donald Trump’s list, after Venezuela and Greenland. The backdrop is a wave of protests in Iran, now in their third week. What began as demonstrations […]
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Stock futures slide as Trump’s DOJ opens criminal investigation into Fed Chair Powell: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on January 06, 2026 in New York City. Michael M. Santiago | Getty Images News | Getty Images Stock futures fell after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, an escalation by President Donald […]
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Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation
US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025. Saul Loeb | AFP | Getty Images Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, he confirmed on Sunday evening. Powell said the […]
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Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. […]
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