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Market Turmoil as Trump DOJ Targets Fed Chair Powell, Metals Rally Amid Chaos

Market Turmoil as Trump DOJ Targets Fed Chair Powell, Metals Rally Amid Chaos

Author:

Global Cryptocurrency

Published:

2026-01-12 05:43:01

19

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BTCCSquare news:

Global equities opened the Q4 earnings season with muted activity as political turmoil rattled markets. The TRUMP administration's Justice Department launched a criminal investigation into Federal Reserve Chairman Jerome Powell, triggering a sharp decline in stock futures.

Powell broke a year-long silence to characterize the probe as retaliation for maintaining the Fed's independence from presidential pressure. The central bank is widely expected to maintain current interest rates at its January 28th meeting.

Precious metals surged dramatically as investors sought SAFE havens, with gold breaching $4,600/oz and silver skyrocketing to $84/oz. The market upheaval reflects growing institutional anxiety about political interference in monetary policy.

By:

Powell Claims DOJ Subpoenas Retaliation for Fed’s Rate Policy Independence

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