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It's not clear how the inquiry into Federal Reserve Chair Jerome Powell was approved, but housing regulator Bill Pulte met with President Donald Trump at Mar-a-Lago, and shared a prop resembling a "wanted poster" he had made up featuring Powell.
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The Federal Reserve is likely to hold interest rates steady when it meets at the end of the month, keeping tensions high with President Trump.
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The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank against the efforts of President Trump to control the Fed.
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S&P 500, Dow climb to closing records as traders look past Fed independence risk: Live updates CNBCStock market today: Dow, S&P 500 eke out records, gold soars after Trump amps up fight with Fed, Powell Yahoo FinanceCNBC Daily Open: Powell probe rattles Washington, but Wall Street shrugs CNBCStocks and Treasuries calm after Fed indictment jitters, dollar weakens Reuters
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There's more to the probe aimed at the Federal Reserve chair than meets the eye.
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Dow falls more than 100 points as DOJ Powell probe raises fear Trump trying to take control of the Fed: Live updates CNBCStatement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)Fed Changes Tack as Trump Administration Invokes ‘Nuclear Option' The New York TimesRepublican Sen. Thom Tillis vows to block Trump's Fed nom
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AbbVie reached a deal with the Trump administration on drug prices in exchange for being exempted from tariffs and future price mandates.
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Precious metal prices surge as conflict intensifies
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A rise to record highs in gold and silver after another tumultuous weekend for news headlines tied to Trump and the Federal Reserve, and to growing tensions in Iran, Venezuela, and Greenland, shows that a commodities supercycle is "firmly intact."
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With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.
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Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.
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Trump's move to pull US from key UN climate treaty may be illegal, experts say The GuardianQ&A: What Trump's US exit from UNFCCC and IPCC could mean for climate action Carbon BriefWhich are the 66 global organisations the US is leaving under Trump? Al Jazeera
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President Trump wants to see a 10 percent cap on interest rates before the end of the month.
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Federal Prosecutors Open Investigation Into Fed Chair Powell The New York TimesStatement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)Morning Bid: Powell's punch back jolts markets ReutersTrump denies involvement in DOJ's Fed subpoenas: 'I don't know anything about it' NBC NewsDOJ subpoenas Federal Reserve in escalating pressure campaign
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The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an "unprecedented" criminal indictment against him over cost overruns for the renovation of the Fed's headquarters building.
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