Mindblown: a blog about philosophy.
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Why the Federal Reserve has historically been independent of the White House
The Justice Department has threatened the Federal Reserve with a criminal indictment over the testimony of Fed Chair Jerome Powell this summer regarding its building renovations, Powell said over the weekend. It is a major escalation by the administration after repeated attempts by President Donald Trump to exert greater control over the independent institution. Trump…
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Trump Admin Threatens Jerome Powell, Federal Reserve Chair, With Criminal Charges: Here’s What To Know
Yet another government official faces potential criminal charges after clashing with President Donald Trump. This time, the head of the Federal Reserve Board is under federal investigation over testimony he gave to Congress. He and many observers see another example of Trump using the justice system to go after his opponents. Powell calls investigation ‘pretext’…
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S&P 500 and Dow Jones: US Indices Mixed Today as Powell Probe Rattles Markets
Powell Vows to Resist Trump Pressure as Criminal Probe Launched Powell said on Sunday that federal prosecutors have opened a criminal investigation related to his Senate Banking Committee testimony on the renovation of Fed office buildings. Powell added that the investigation was another attempt by Trump to influence the central bank’s monetary policy and he…
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Stock market today: Dow, S&P 500, Nasdaq waver on threat to Fed as DOJ begins criminal probe of Powell
Commodities trading house Vitol has begun shipping naphtha to Venezuela, supplying a critical component for oil exports coming out of the South American hotspot. On Monday, the Dutch commodities giant chartered a crude oil tanker to load around 460,000 barrels’ worth of naphtha, an oil diluent, from the US Gulf Coast and ship the product…
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Stock Market Live January 12, 2026: S&P 500 (SPY) Sinks on DOJ Investigation into Powell
Live Updates Get The Best SPDR S&P 500 ETF Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on SPDR S&P 500 ETF, market updates, and brand-new stock recommendations delivered directly to your inbox. By providing your email address, you agree to receive communications from us regarding website updates and other…
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Republican lawmakers speak out against the Justice Department's Federal Reserve investigation
WASHINGTON — A growing list of Republicans, including two senators on the influential Senate Banking Committee, have spoken out against the Justice Department subpoenas of the Federal Reserve and warned that the probe could undermine the central bank’s independence. Sen. Lisa Murkowski, R-Alaska, said in a statement that she spoke with Fed Chair Jerome Powell…
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Trump Trade War: Supreme Court Ruling Looms as S&P 500 Breaks Record Highs
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Goldman Sees 2026 US Growth Accelerating as Fed Rate Cuts Loom
This article first appeared on GuruFocus. Goldman Sachs (NYSE:GS) economists see the US economy getting a fresh lift in 2026 as tax cuts, real wage growth and rising household wealth support activity, while inflation continues to cool. In the bank’s Jan. 11 US Economic Outlook, economists said consumer spending should grow at a steady pace,…
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NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Pull Back to Start Week
Dow Jones 30 Technical Analysis The Dow Jones 30 looks a bit negative early on Monday but remains above the 49,000 level at least so far. An area that should be supported, as it was significant resistance previously, a bit of market memory should come into the picture here. I like the idea of buying…
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Why the Federal Reserve has historically been independent of the White House
WASHINGTON (AP) — The Justice Department has threatened the Federal Reserve with a criminal indictment over the testimony of Fed Chair Jerome Powell this summer regarding its building renovations, Powell said over the weekend. It is a major escalation by the administration after repeated attempts by President Donald Trump to exert greater control over the…
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