GOP Senators Stand Firm Against DOJ's Criminal Probe of Fed Chair Powell

January 12, 2026 - 19:51

Sens. Thom Tillis of North Carolina and Lisa Murkowski of Alaska have made their stance clear regarding the Justice Department's criminal investigation into Federal Reserve Chair Jay Powell. During a press conference on Monday, both senators expressed their strong opposition to the probe, emphasizing the importance of maintaining the independence of the Federal Reserve.

Tillis and Murkowski highlighted that any attempts to undermine Powell's leadership could have significant repercussions for the nation's economy. They voiced concerns that political interference in the Federal Reserve could erode public trust in one of the country's key financial institutions.

The senators' swift response reflects a growing unease among Republicans regarding the implications of the Justice Department's actions. As the Fed navigates complex economic challenges, including inflation and interest rate adjustments, the need for a stable and independent leadership becomes increasingly critical. Their commitment to supporting Powell underscores a broader effort to shield the Federal Reserve from political pressures.