Good luck with interest rates for the next 3 years. Be like Powell.
https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
January 11, 2026
Statement by Federal Reserve Chair Jerome H. Powell
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury
subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.
The threat of criminal charges is a consequence of the Federal
Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on
evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.