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Legal Shockwave: Trump Administration’s Indictment Threat Intensifies Standoff With Fed Chair Powell

                                                       Federal Reserve Chair Jerome Powell A dramatic new chapter has opened in the long‑running conflict between President Donald Trump and Federal Reserve Chair Jerome Powell. Powell disclosed that the Department of Justice issued grand jury subpoenas to the Federal Reserve and warned him of a potential criminal indictment tied to his testimony before the Senate Banking Committee last June. The testimony in question involved a US$2.5 billion renovation project for Federal Reserve office buildings—an initiative the Trump administration has repeatedly criticized as excessive. Powell described the legal move as a pretext aimed at pressuring the central bank to cut interest rates more aggressively, a demand Trump has made for years. The threat marks an unprecedented escalati...
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Trump Defends Tariffs Amidst Economic Uncertainty



In a recent address to Congress, President Donald Trump defended his tariff strategy, despite acknowledging the potential economic discomfort it may cause. Trump emphasized that the tariffs, which represent the largest increases in a century, are designed to generate significant revenue and rebalance what he perceives as unfair trading relationships. He assured Americans that the economic pain, manifesting as higher prices, would be a "little disturbance" that the nation could overcome.

Trump's speech, which lasted a record-setting 100 minutes, focused on his political strengths, including immigration policies and social issues, while spending relatively little time addressing consumer prices and inflation. He blamed high prices on his predecessor, Joe Biden, and offered few new ideas to lower costs.

The president's approval rating has declined in recent polls, and data shows new strains on the economy, including stagnating factory activity, simmering inflation, and declining consumer confidence. Despite these challenges, Trump remains committed to his tariff strategy, believing it will ultimately benefit the American economy.


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