US futures slip while world shares are mixed as Fed chair Powell faces legal threat

[dalton99a]

https://apnews.com/article/stocks-markets-powell-trump-rates-9eb79e89fec160c7c64dfcef6871e693

US futures slip while world shares are mixed as Fed chair Powell faces legal threat
By ELAINE KURTENBACH and MATT OTT
Updated 7:31 AM CST, January 12, 2026

U.S. futures sank Monday after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed’s building renovations.

Futures for the S&P 500 declined 0.5% before the opening bell, while futures for the Dow Jones Industrial Average fell 0.7%. Nasdaq futures slid 0.8%.

Trump has repeatedly attacked Powell and the Fed for not cutting its key interest rate as sharply as he prefers. The renewed fight is expected to rattle financial markets Monday and could over time escalate borrowing costs for mortgages and other loans.

Powell issued a video statement in which he bluntly characterized the threat of criminal charges as simple “pretexts” to undermine the Fed’s independence when it comes to setting interest rates.

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[Lovie777]

1. shithole needs to resign....................

and we must vote these assholes out office to begin the healing process.

[CousinIT]

2. Powell knows his job. He doesn't seem very bully-able. n/t