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President Trump: Threatens Federal Reserve with Prosecution

Published January 12, 2026, 07:13
President Trump: Threatens Federal Reserve with Prosecution

President Trump is threatening the Federal Reserve (Fed) with prosecution, accusing it of potential fraud regarding the renovation of its building. This threat, according to Fed Chairman Jerome Powell, is a pretext to pressure the bank to lower interest rates, something Trump desires. Powell denounced that the Fed is being pressured to make decisions on interest rates based on the president's preferences rather than the public interest. This move has sparked reactions, with Republican Senator Tom Tillis expressing fears for the independence and credibility of the Department of Justice.