Mindblown: a blog about philosophy.
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Trump's list of targeted opponents grows longer with action against Powell and the Federal Reserve
ATLANTA (AP) — Donald Trump promised in his second inaugural address to fairly apply the law, unlike how he said he’d been treated by federal authorities. “The vicious, violent and unfair weaponization of the Justice Department and our government will end,” he declared on Jan. 20, 2025. Since then, Trump’s administration has gone after multiple…
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The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve
When the Department of Justice served the Federal Reserve with subpoenas in a criminal investigation on Friday, it zeroed in on the years-long renovation of the central bank’s headquarters in Washington, D.C. But at issue here is not just the cost of the multibillion-dollar construction project. It’s also the extent to which it has become…
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How the Federal Reserve is fighting back as Trump threatens its independence
Jacquelyn Martin/AP The Trump administration is threatening criminal charges against Federal Reserve Chair Jerome Powell. Powell said it’s part of a pressure campaign from the administration to lower interest rates. Economist Jason Furman explains more. And, in Iran, more than 500 people have been killed during anti-government protests since they started in late December, according…
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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
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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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