Jerome Powell Faces Investigation Amid Trump’s Fed Leadership Considerations

Federal Reserve Chair Jerome Powell faces a rare criminal investigation linked to his congressional testimony and the Fed's interest rate decisions, which he says reflect the institution's independence amid President Trump's pressure for rate cuts. Trump is reconsidering Fed leadership, with Kevin Warsh emerging as a favored candidate over Kevin Hassett, whose comments on the investigation drew criticism. The situation highlights tensions over the Fed's autonomy and political influence during a period of economic stability.