Powell is facing a DOJ criminal probe over the Fed’s renovation project.
Polymarket shows just 8% odds of Powell stepping down before March.
Polymarket favors Warsh and Hassett as leading contenders for Fed chair.
Federal prosecutors are reviewing US Federal Reserve Chair Jerome Powell’s testimony to Congress tied to the Fed’s renovation project. Powell claims that the Justice Department (DOJ) served subpoenas and raised the risk of indictment.
Powell linked the probe directly to pressure from President Donald Trump over interest rates, as per reports.
Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX pic.twitter.com/O4ecNaYaGH
— Federal Reserve (@federalreserve) January 12, 2026
Trump has pushed for faster and deeper rate cuts since returning to the White House in January 2025. He has publicly said he wants Powell gone…
Read The Full Article DOJ Examines Powell Testimony Amid Fed Renovation Controversy On Coin Edition.