News

When investors around the world woke up Monday to news that the U.S.

Federal Reserve Chairman Jerome Powell says he is under investigation and the threat of criminal indictment by the Justice Department amid a yearlong pressure campaign by President Donald Trump to force the Central Bank to lower interest rates. In a phone interview with NBC News, the president denied having any knowledge of an investigation or that he would use one to pressure Powell. NBC’s Garrett Haake reports for TODAY.

A criminal investigation of the Federal Reserve launched by the Department of Justice zeroed in on renovation of the Federal Reserve's headquarters.

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.

Hegseth has said the Pentagon was taking steps to downgrade the senator's military retirement rank and pay after he urged service members not to follow illegal orders.

Former fed chairs called the indictment an 'unprecedented attempt' to undermine the independence of the US central bank.

Foreign minister says he hopes Washington will choose ‘wise option’ of dialogue after Trump threatens US intervention.

The White House says that US could carry out air strikes against Iran but would prefer diplomatic solution.