Economy

Donald Trump takes on the Fed: Why Jerome Powell is now facing a criminal threat

January 12, 2026

President Donald Trump has intensified his conflict with Federal Reserve Chair Jerome Powell by threatening criminal action, leading to a significant decline in the value of the dollar and heightening concerns about market stability and the Fed's independence. This unprecedented move has sparked political backlash and global anxiety regarding the implications for the U. S. economy.

Trump–Powell standoff shakes dollar and rattles global markets

Credit: Firstpost

Key Highlights

Trump threatens criminal action against Jerome Powell.
The dollar experienced a sell-off due to the escalating conflict.
Concerns about the independence of the Federal Reserve have resurfaced.
The situation has led to political backlash in Congress.
Global markets are unnerved by the ongoing standoff.

World Business

Sources

Donald Trump takes on the Fed: Why Jerome Powell is now facing a criminal threat

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Donald Trump takes on the Fed: Why Jerome Powell is now facing a criminal threat

Key Highlights

Sources

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