Powell to face press for first time since open defiance of Trump

Published January 28, 2026 7:00am ET



Federal Reserve Chairman Jerome Powell will face questions from reporters on Wednesday after disclosing a Justice Department investigation that he has blamed on an effort by President Donald Trump to influence interest rate policy.

Powell, 72, made the astonishing announcement earlier this month in a video. He will take questions in the afternoon following a two-day meeting of the Federal Open Market Committee, which began meeting Tuesday and will vote on whether to change its monetary policy Wednesday afternoon.

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