US prosecutors launch criminal investigation into Federal Reserve chair

https://www.theguardian.com/business/live/2026/jan/12/us-prosecutors-criminal-investigation-federal-reserve-chair-jerome-powell-dollar-stock-market-gold-bitcoin-business-live-news-updates

63•wslh•3w ago

Comments

Thev00d00•3w ago

What is happening USA. Please stop.

"It Hurt Itself in Its Confusion!"

ZeroGravitas•3w ago

Following in the footsteps of other financial powerhouses like Argentina, Russia, Turkey, Venezuela and Zimbabwe.

On the other hand, Trump catastrophicly imploding the US economy is one of the likelier good endings to this insanity.

embedding-shape•3w ago

Being a public European defence company has never been better I bet. It's hard not to see all these moved as intentionally trying to make things worse, but why? And why is there no whistleblowers leaking the "why"? They can't possibly think these things will improve the situations, right?

kaffekaka•3w ago

More power to Trump. That is the improvement they're (he) is looking for.

chii•3w ago

> good endings to this insanity.

and why would that be a good ending? Or are you saying that such an event would collapse the superpower, in which case, it's good (but for everyone else other than that superpower)?

comrade1234•3w ago

I assume he means it's less bad than invading Canada and/or Greenland and even nuclear war.

chii•3w ago

If anything, economic collapse of the USA is more likely to lead to war (which then increases the likelihood of nuclear weapons usage).

water-data-dude•3w ago

Massively screwing up the economy would be unpopular enough that he would lose support, even from other republicans, and we might be able to stop the slide into authoritarianism.

soupfordummies•3w ago

Just weeks ago someone told me that they had transferred their retirement account into gold. I thought that was quite a bit doomsday-prepper-esque. Now here, just weeks later, I'm thinking it may be a good idea myself...

Not sure if y'all saw this also: https://www.axios.com/2026/01/10/trump-venezuela-oil-nationa...

The PACE of all of this is really alarming also.

pseudohadamard•3w ago

It's still not quite the prerogative state that Putin's kleptocracy or Hitler's Germany were, where the Dear Leader enjoys jurisdiction over jurisdiction with just enough vestiges of the rule of law left in place for the capitalist economy to function, but it's sure moving in that direction.

fakedang•3w ago

Insert Palpatine meme

Let the stupidity and corruption flow through you....

Coffeewine•3w ago

Shame that the guardian describes Powell’s statement as ‘blistering’: https://www.federalreserve.gov/newsevents/speech/powell20260...

It reads to me more as ‘tepid’. He’s obviously trying to be as apolitical as possible, but I don’t think that’s going to help.

ChrisArchitect•3w ago

[dupe] Discussion: https://news.ycombinator.com/item?id=46582420

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