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Fed Chair Jerome Powell stands up to Trump

By Scott Horsley
Published January 12, 2026 at 1:25 PM PST

Federal Reserve chair Jerome Powell usually tries to avoid getting dragged into a fight with the Trump administration. But now that the DOJ has launched a probe of the central bank, he's on offense.

Copyright 2026 NPR
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PoliticsAll Things Considered
Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
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