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The Economic Times

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Justice Department probe of Fed reignites autonomy debate

Neel Kashkari said the Trump administrations actions against the Federal Reserve reflect monetary policy disagreements. He backed Jerome Powell after a Justice Department investigation, warning that political pressure threatens central bank independence. Despite escalating tensions, markets remain steady amid bipartisan support and expectations that the Supreme Court will recognise the Feds distinct status.

15 Jan 2026 10:09 am