California Governor Gavin Newsom claims the US Department of Justice is investigating people close to him due to his political opposition to Donald Trump. Newsom alleges federal agents are seeking to find 'one' crime, not because they've found one, and suggests the probes are linked to his potential 2028 presidential run.
California Governor Gavin Newsom announced on X that he and his wife are under investigation by the US Department of Justice, which he claims is politically motivated by Donald Trump due to his potential 2028 presidential run. The DOJ has not confirmed the investigation.
California Governor Gavin Newsom claims President Trump has directed the Department of Justice to investigate him and his wife, alleging the probe is politically motivated due to Newsom's potential presidential run.
Fed Chairman Jerome Powell said Wednesday he will remain on the Board of Governors after his term as chair ends, following the DOJ's decision to drop its criminal probe into him. Powell had said in March he would not step down until the investigation was resolved. Trump's nominee Kevin Warsh advanced through Senate committee, moving closer to the chairmanship.
Kevin Warsh, President Trump's nominee for Federal Reserve chair, faces a contentious Senate confirmation process. Sen. Thom Tillis (R-N.C.) plans to block the vote until the DOJ drops its investigation into the Fed, which critics say is a pressure campaign to lower interest rates. Warsh will also face questions about his previous hawkish stance on rates versus his recent support for cuts tied to AI productivity gains, with Sen. Elizabeth Warren calling him the "sock puppet in chief."
Kevin Warsh, President Trump's nominee for Federal Reserve chair, faced a Senate confirmation hearing Tuesday amid controversy. GOP Sen. Thom Tillis is blocking the vote until the DOJ drops its investigation into the Fed and Chairman Jerome Powell. Warsh, formerly a rate hawk, now supports lowering interest rates, drawing criticism from Democrats who fear he'll bow to Trump political pressure. The 12-member rate-setting committee remains reluctant to cut rates until inflation approaches 2%, complicated by Iran conflict and rising gasoline prices.
Trump's Fed chair nominee Kevin Warsh faces Senate confirmation battle as GOP Sen. Thom Tillis blocks a vote until DOJ drops its investigation into the Federal Reserve. The probe into cost overruns at the Fed's headquarters is widely seen as Trump administration pressure to lower interest rates. Warsh, a former Fed governor, testified on inflation and independence while critics like Sen. Elizabeth Warren accused him of flip-flopping on rates to align with Trump.
Kevin Warsh, President Trump's nominee for Federal Reserve chair, faces a contentious confirmation hearing amid a DOJ investigation into the Fed and pressure from Trump to lower interest rates. GOP Sen. Thom Tillis threatens to block the vote until the DOJ drops its investigation into the central bank, which Fed Chair Jerome Powell calls an intimidation campaign. Warsh's past hawkish stance has shifted to support lower rates tied to AI productivity gains, drawing criticism from Democrats who question his independence.
