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Powell was responding to grand jury subpoenas delivered to the Federal Reserve related to his congressional testimony regarding construction work at the Fed headquarters.
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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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In public, Iranian officials have been defiant, with Iranian Foreign Minister Abbas Araghchi saying "we are completely prepared" for war and the country's parliament speaker, Baqer Qalibaf, threatening to "discipline" Trump.
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Members of Congress are openly encouraging President Trump to intervene in Iran as the death toll rises amid the Shia regime's brutal crackdown on protesters.
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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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President Trump told reporters Sunday night that he was "inclined" to deny ExxonMobil any role in rebuilding Venezuela's moribund oil industry after its CEO told him point-blank Friday that the South American country was "uninvestible" despite the recent capture of President Nicolas Maduro. "I didn't like Exxon's response," Trump said to reporters on Air Force...
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Saying immigration agents have acted more like an occupying military force than law enforcement, lawyers for the state of Illinois and Chicago sued the Trump administration in federal court Monday seeking to bar agents from using tear gas without sufficient warning, making warrantless arrests, and randomly stopping people to question them about their citizenship.
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S&P 500, Dow climb to closing records as traders look past Fed independence risk: Live updates CNBCWall Street ticks to records after shaking off worries about Trump's feud with the Fed YahooDollar Weakens After Fed Is Served With Subpoenas: Markets Wrap Bloomberg.comStock Market Today: Dow higher, joining S&P 500 and Nasdaq in positive territory after erasing early losses; Powell says the Fed has been subpoenaed, Treasury yields edge up, and gold and silver hit new records. MarketWatch
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Former Trump adviser Dina Powell McCormick named Meta's president Reuters
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Venezuela's new leaders and President Trump have alluded to a major release of political prisoners, but the liberations have been slow to come.
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Trump posted a doctored image claiming to be Venezuela's acting president after U.S. forces allegedly seized dictator Nicolás Maduro earlier this month.
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Meta names former Trump advisor Dina Powell McCormick as president, vice chair CNBCMeta taps former Trump adviser to be president, vice chair PoliticoMeta Taps Former Trump Adviser for New Role Driving AI Buildout Bloomberg.comMeta taps Dina Powell McCormick as president and vice chairman Axios
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CNBC Daily Open: Iran has more avenues of retaliating against the U.S. — including oil supply CNBCTrump's Iran ‘Freedom' Message May Lift Energy and Defense Stocks on Geopolitical Risk Hopes TipRanksCNBC daily open: Trump has Iran in his sights — watch for oil prices MSN
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The two Democratic-led states claimed in separate lawsuits that the immigration enforcement campaigns violated the Constitution.
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And the market is gently shrugging.
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