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◆ Mixed look for PowellEthics / CorruptionEconomy

GOP senator blasts 'unprecedented' probe into Fed chair as Trump savages 'not very good' Jerome Powell

Powell confirmed the subpoenas and said the threat of criminal charges was tied to the Fed setting interest rates independently.

GOP senator blasts 'unprecedented' probe into Fed chair as Trump savages 'not very good' Jerome Powell
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This article1 analysis · Oct 11, 2026

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455 stories · 54–55 · updated Oct 13, 2026

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Daily Mailvia Daily Mail
Jan 12, 2026
tl;dr

Sen. Thom Tillis said he would block future Fed nominees until the Justice Department’s probe of Jerome Powell is resolved, warning it threatens institutional independence. President Donald Trump said he knew nothing about the investigation but criticized Powell’s performance.

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Federal Reserve chair and subject of the criminal investigation

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President criticizing Powell and distancing himself from the investigation

Trump's version of this story ↗
Thom Tillis
R · NC · SEN

Senator criticizing the investigation and vowing to block future Fed nominees

Tillis's version of this story ↗
Elizabeth Warren
D · MA · SEN

Senator criticizing Trump’s efforts regarding the Federal Reserve

ALSO MENTIONED  Jeanine Pirro, U.S. attorney who approved the inquiry; Stephen Miller, White House deputy chief of policy criticized by Tillis

Part of a bigger story

9 OUTLETS
DOJ Probe of Federal Reserve Chair Jerome Powell

Outlets agree the Justice Department is investigating Federal Reserve Chair Jerome Powell, and Sen. Thom Tillis has vowed to block Trump’s Fed nominees until the probe is resolved. Left-leaning outlets frame the investigation as political pressure on the Fed, emphasizing Trump’s effort to distance himself and Republican criticism. Center outlets emphasize lawmakers’ objections and Powell’s claim that the probe pressures Fed independence, while also reporting the Justice Department’s defense. Right-leaning outlets focus on Republican responses, from Tillis’s pledge to block nominees to Cramer’s suggestion that Powell resign to avoid indictment.

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