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◆ Mixed look for PowellEconomy

Sen. Lisa Murkowski calls for Congress to probe DOJ over Fed subpoenas

Powell said the subpoena over his renovation testimony was being used as a pretext to punish him and the Federal Reserve.

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Outlet credibilityUnited Press International88/100 HIGH
This article1 analysis · Oct 11, 2026
tl;dr

Lisa Murkowski urged Congress to investigate the Justice Department’s probe of Federal Reserve Chair Jerome Powell, calling it an attempt to coerce him. Powell says the administration is retaliating over interest-rate policy, while President Donald Trump denies the probe is related to rates.

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Federal Reserve chair who disclosed the subpoena and accused the administration of using the investigation to punish him and the Fed

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President whose administration is accused of pressuring Powell and who disputes the connection between the probe and interest rates

Trump's version of this story ↗
Lisa Murkowski
R · AK · SEN

Senator calling for Congress to investigate the Justice Department’s probe of Jerome Powell

Murkowski's version of this story ↗

Former president who renewed Powell’s position in 2022

Thom Tillis
R · NC · SEN

Senator who said he would oppose confirming a new Federal Reserve chair until the legal matter is resolved

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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