Stocks fall on Wall Street after Powell says Trump trying to undermine the Fed's independence

Stocks fall on Wall Street after Powell says Trump trying to undermine the Fed's independence https://www.taxtmi.com/news?id=67167 The Department of Justice served subpoenas on the Federal Reserve and threatened a criminal indictment over Chair Powell's testimony about Fed building renovations, a move Powell called a pretext to undermine central bank independence; markets reacted with equity declines, rising Treasury yields, and sharp losses among bank and credit card stocks, while political proposals and statements intensified regulatory uncertainty for financial institutions. en-us Mon, 12 Jan 2026 20:31:03 +0530 Mon, 12 Jan 2026 20:31:03 +0530 TaxTMI RSS Generator Stocks fall on Wall Street after Powell says Trump trying to undermine the Fed's independence https://www.taxtmi.com/news?id=67167 The Department of Justice served subpoenas on the Federal Reserve and threatened a criminal indictment over Chair Powell's testimony about Fed building renovations, a move Powell called a pretext to undermine central bank independence; markets reacted with equity declines, rising Treasury yields, and sharp losses among bank and credit card stocks, while political proposals and statements intensified regulatory uncertainty for financial institutions. News - Mon, 12 Jan 2026 20:31:03 +0530 https://www.taxtmi.com/news?id=67167