JEROME POWELL, who’s consistently resisted President Donald Trump’s demands for lower interest rates, came under renewed pressure as the DOJ took the extraordinary step of launching a criminal investigation stemming from the Federal Reserve chairman’s 2025 congressional testimony over building renovations. It’s Trump’s latest move to exert greater control over the central bank after trying to oust Fed Gov. Lisa Cook, a case that hits the US Supreme Court Wednesday. Here’s a look at what’s transpired so far:
- Trump on Friday expressed reluctance toward nominating Kevin Hassett as Federal Reserve chair, Kate Sullivan and Josh Wingrove report. Hassett’s viewed ...