U.S. Federal Reserve Chair Jerome Powell confirmed this week that the Justice Department has subpoenaed the central bank, calling it a “pressure tactic” linked to President Donald Trump’s administration. The unprecedented move has sparked concerns about political interference in monetary policy as the Fed navigates economic challenges in 2026.
💼 What’s at Stake?
While details remain scarce, analysts suggest the investigation could relate to recent interest rate decisions impacting markets. Powell, who has led the Fed since 2018, emphasized the institution’s independence during a press briefing: “Our focus remains on economic stability, not political agendas.”
🌐 Global Markets React
Asian stock indexes dipped slightly following the news, with investors watching how this clash between Washington and Wall Street might affect inflation strategies. Young professionals and entrepreneurs are particularly concerned about potential ripple effects on tech investments and startup funding.
📅 What’s Next?
Legal experts predict this could become 2026’s biggest constitutional showdown. Students and academics are already dissecting the implications for central bank autonomy worldwide. Stay tuned for updates as this story develops! 🔍
