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A bipartisan group of top economic officials called the DOJ probe into Jerome Powell an "unprecedented attempt" to undermine the Fed's independence.
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;Resize=(620)) Jan. 12, 2026 | The launch of a criminal investigation into U.S. Federal Reserve chair Jerome Powell garners criticism from both sides of the political aisle. Americans warned to leave Iran as President Donald Trump weighs airstrikes. And the questions surrounding an on-ice brawl between eight year olds.
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Asia markets were set to open higher as investors shrugged off ongoing geopolitical flashpoints and a criminal investigation into Fed chair Jerome Powell.
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Also, Iran said it is ready for war, but open to negotiate. Here's the latest at the end of Monday.
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Jerome Powell said he believed the investigation was due to Donald Trump's anger over the Fed's refusal to cut interest rates.
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