Day Headlines in Economy News: 2026-01-12
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Former Fed chairs condemn criminal investigation into Jerome Powell (BBC Economy 2026-01-12 16:35:57)
Three former heads of the central bank say the probe seeks to undermine the Fed's independence and "has no place" in the US. -
Fed chair Powell hits out at 'unprecedented' probe by US justice department (BBC Economy 2026-01-12 13:12:58)
Jerome Powell said he believed the investigation was due to Donald Trump's anger over the Fed's refusal to cut interest rates. -
Trump faces extraordinary moment in spat with Fed chair (BBC Economy 2026-01-12 12:54:25)
Jerome Powell's public response to a DoJ investigation could be a seismic moment for Donald Trump's presidency. -
UK set for a 'booming' mortgage market, say analysts (BBC Economy 2026-01-12 12:29:35)
Competition among lenders in the UK suggests that rates could be cut in the coming weeks. -
US justice department opens criminal probe into Fed chair Jerome Powell (BBC Economy 2026-01-12 02:36:57)
Powell called the probe "unprecedented" and came after his refusal to lower interest rates after demands by Donald Trump.