Jan 13 () - Global central bank officials are working on a statement to express support ​for Federal Reserve Chair Jerome Powell after ‌the Trump administration opened a criminal investigation into him,

The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.

Bank of America's top executive is stepping into one of the most sensitive debates in Washington, warning that political pressure on the Federal Reserve could backfire on markets and the broader economy.

Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday in a radio interview inflation issues are still at the forefront of his economic concerns, in comments that added the job market continues to be in a low-hire,

The central bank faces two major hurdles early on in 2026 that will determine the extent to which it operates free of political meddling.

Fed Chair Jerome Powell, backed by past chairs and bipartisan lawmakers, accuses the Trump administration of using a DOJ criminal probe to force lower interest rates.

A drop in the unemployment rate may ease concerns at the U.S. central bank about labor market weakness, with traders betting Federal Reserve Chair Jerome Powell has delivered his last interest rate cut before his term ends in May and leaving any further policy easing in the hands of whomever President Donald Trump taps as Powell's successor.

Criminal probe of Fed Chair Powell marks escalation in Trump's battle with central bank while shortlist emerges for Powell's potential replacement.