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◆ Mixed look for PowellCriminal Justice

Sen. Kevin Cramer suggests Jerome Powell resign to avoid DOJ indictment

Powell says the investigation is politically motivated and concerns the Federal Reserve's interest-rate decisions.

Sen. Kevin Cramer suggests Jerome Powell resign to avoid DOJ indictment
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This article1 analysis · Oct 11, 2026
Fox News
Jan 13, 2026
tl;dr

Sen. Kevin Cramer suggested Jerome Powell resign in exchange for the Justice Department dropping its criminal investigation of the Federal Reserve chair. Cramer said an indictment could harm the economy, while Powell has called the investigation politically motivated.

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Federal Reserve chair whose resignation Cramer proposed and who is the subject of the Justice Department investigation

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Kevin Cramer
R · ND · SEN

Senator who suggested Powell resign in exchange for dropping the investigation

Cramer's version of this story ↗
ALSO MENTIONED  Jeanine Pirro, U.S. Attorney for the District of Columbia whose office is conducting the investigation

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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