Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation

President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.

# Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants. **Read the full article:** [CNBC](https://www.cnbc.com/2026/01/12/fed-jerome-powell-criminal-probe-nyt.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*