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Reading: Republican senator backs transfer to dam Trump's Fed nominees as chairman faces prison probe
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Republican senator backs transfer to dam Trump's Fed nominees as chairman faces prison probe
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Republican senator backs transfer to dam Trump's Fed nominees as chairman faces prison probe

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Last updated: January 12, 2026 6:15 pm
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Published: January 12, 2026
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At the very least two Republican senators have mentioned they’ll oppose the affirmation of any new nominees to the US Federal Reserve after the Justice Division threatened to indict the central financial institution’s present chairman, Jerome Powell. US President Donald Trump has beforehand threatened to fireside Powell, slamming the historically unbiased Fed for not slicing its short-term rate of interest.[/gpt3]

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