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Economic News

US Fed Chief Warns of 'Intimidation' After Criminal Subpoenas

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12 January 2026
US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.
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Oil Traders Beat Majors on First Venezuelan Deals

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12 January 2026
Global oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, ⁠getting ahead of U.S. energy majors wary of credit and legal risks and securing a potentially lucrative business opportunity in the country with the world's largest crude...
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Pulte Emerges as Force Behind Powell Subpoena

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12 January 2026
Federal Housing Finance Agency Director Bill Pulte has played a central role in the Trump administration's move to subpoena the Federal Reserve, Bloomberg reports, citing people familiar with internal deliberations.
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Canada PM Carney Visits China to Rebuild Trade Ties

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12 January 2026
A leader of the Canadian government is visiting China this week for the first time in nearly a decade, a bid to rebuild his country's fractured relations with the world's second-largest economy - and reduce Canada's dependence on the United States, its neighbor and until...
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Trump Warns Credit Card Firms Over Jan. 20 Rate Cap

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12 January 2026
President Donald Trump on Sunday said credit ‍card ‍companies would be ⁠in violation of the law if they ​failed to comply with ‍his demand by Jan. ⁠20 for a 10% cap on interest rates, ⁠even ​as ⁠legal and ‍financial observers said...
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Fed Chair Jerome Powell Under Criminal Investigation

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11 January 2026
Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations.
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More Articles …

  1. Mortgage Rates Drop to Lowest Level in Nearly 3 Years
  2. Ackman: Trump's 10% Credit Card Rate Cap 'a Mistake'
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