According to a New York Times report, prosecutors have opened a criminal probe involving Fed Chair Jerome Powell. Details remain limited, and there’s no confirmation yet on the scope of the investigation or whether Powell is personally accused of wrongdoing. If accurate, this could raise serious questions about Fed independence and potentially add volatility to already fragile markets. Waiting to see what further reporting confirms.
Link - https://www.nytimes.com/2026/01/11/us/politics/jerome-powell-fed-inquiry-trump.html