January 13, 2026
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A Trump-backed prosecutor quietly opened an investigation into Federal Reserve chairman Jerome Powell in an attempt to pressure him into quitting. This move has the potential to destroy the economy as we know it, as economists and other global experts have insisted that any attack on the Fed's independence would completely destroy faith in the US economy both home and abroad, sending our currency into a tailspin and putting a halt on investments into the US. Farron Cousins explains what's at stake.
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