For years, Fed Chair Jerome Powell responded to President Trump’s broadsides in ways that generally avoided escalation. That changed on Sunday night, writes Nick Timiraos.

After receiving grand jury subpoenas, the Fed chair spent the weekend deciding how to respond. By Sunday, he had his answer. 2026-01-12 10:30:00 Nick Timiraos

Continue ReadingFor years, Fed Chair Jerome Powell responded to President Trump’s broadsides in ways that generally avoided escalation. That changed on Sunday night, writes Nick Timiraos.

The criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power, writes Greg Ip.

The investigation reflects the lengths to which the president will go to control the central bank. 2026-01-12 05:56:00 Greg Ip

Continue ReadingThe criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power, writes Greg Ip.