Here’s what smart people in economics and business are saying about the DOJ’s Fed probe

Photo: President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025. Photo credit: Official White House photo by Daniel Torok via Flickr. US government work. Article by Huileng Tan, Polly Thompson, Alice Tecotzky, Allie Kelly and Brent D. Griffiths. Business Insider – January 12, 2026.

• Fed Chair Jerome Powell said the central bank has received grand jury subpoenas from the Justice Department.
• Economists, business leaders, and analysts are weighing the implications of the development.
• All three living former Fed chairs criticized the move in a joint statement.

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