Tuesday, January 13, 2026

Powell investigation backfires with Hill Republicans

The Trump administration's criminal investigation into Federal Reserve Chair Jerome Powell is backfiring in the halls of Congress - likely one reason why investors still have yet to panic. No less than a half-dozen GOP senators publicly criticized the Department of Justice for investigating Powell over Hill testimony last year about the Fed headquarters' renovation.

Comments

With some brave exceptions, the only reason that any Republican is standing up to Trump is that they now smell his blood in the water.

As a pundit recently put it. the GOP Congress was born on its knees.

#1 | Posted by Zed at 2026-01-13 09:32 AM

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