Republicans vouch for Fed chair, creating a rare schism with Trump https://www.taxtmi.com/news?id=67649 Senate Republicans publicly defended Federal Reserve independence after DOJ subpoenas and threats of criminal charges concerning a USD 2.5 billion Fed office renovation; lawmakers characterised the investigation as intimidation aimed at influencing interest-rate policy, while Chair Powell engaged directly with senators to secure support and recent statements indicated blocking of administration Fed nominees until the legal cloud is resolved. en-us Sat, 17 Jan 2026 04:01:02 +0530 Sat, 17 Jan 2026 04:01:02 +0530 TaxTMI RSS Generator Republicans vouch for Fed chair, creating a rare schism with Trump https://www.taxtmi.com/news?id=67649 Senate Republicans publicly defended Federal Reserve independence after DOJ subpoenas and threats of criminal charges concerning a USD 2.5 billion Fed office renovation; lawmakers characterised the investigation as intimidation aimed at influencing interest-rate policy, while Chair Powell engaged directly with senators to secure support and recent statements indicated blocking of administration Fed nominees until the legal cloud is resolved. News - Sat, 17 Jan 2026 04:01:02 +0530 https://www.taxtmi.com/news?id=67649