North Korea Warns South Korea Over US-Led Defense Role 
Europe Warns Russia Is Escalating Hybrid Attacks Across NATO 
Netanyahu Takes Aim at Mamdani as Israel Election Nears 
Judge Rejects Minnesota Bid to Force ICE Agent Extradition 
Ecuador Court Convicts Ex-President Lenin Moreno in Bribery Case 
North Korea Rejects Nuclear Test Warning, Calls Nuclear Status Irreversible 
Russian Missile and Drone Attack on Kyiv Kills Two, Damages Maternity Hospital 
US Officials Split Over Response to Israeli West Bank Settlements 
Kremlin Says No Decision Yet on Putin-Trump December Summit 
Trump, Xi Focus on Trade and AI at White House Summit 
Netanyahu Defends Israel at UN as Delegates Stage Walkout 
Gaza Faces Evacuation Crisis as War-Damaged Buildings Risk Collapse 
Ghana Says Western Support Growing for Slave Trade Reparations 
OpenAI Rejects Apple Trade Secret Theft Claims 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
OpenAI Agent Breaches Australia Medicare Data Portal 
Honduras Court Drops Charges Against Ex-President Juan Orlando Hernandez 
Add as a preferred source on Google
The U.S. Justice Department's top officials are reportedly throwing their support behind federal prosecutor Jeanine Pirro in a potential investigation targeting Federal Reserve Chair Jerome Powell, according to a Bloomberg News report published Thursday. The development marks a significant shift in the ongoing tension between the Trump administration and the nation's central bank.
Sources cited in the Bloomberg report indicate that the White House is not standing in the way of the proposed probe, signaling at least tacit approval from the administration. President Donald Trump, who had previously shown some willingness to walk back the investigation, is now believed to be in favor of pursuing an appeal after a federal judge struck down subpoenas that had been issued to the Federal Reserve last Friday.
The rejected subpoenas appear to have been a turning point. Aides and allies close to Trump suggest the court's decision reignited his interest in pushing forward, with an appeal now considered a likely next step. The potential investigation into Powell adds fresh tension to the already strained relationship between the executive branch and the independent monetary authority.
The Federal Reserve, which operates independently from the executive branch, has long been a subject of criticism from Trump, who has frequently pressured Powell over interest rate decisions. An investigation of this nature, if pursued, could raise serious questions about the boundaries of executive oversight over independent federal institutions.
Reuters stated it was unable to independently verify the Bloomberg report at the time of publication. As of now, no formal charges or official announcements have been made regarding the investigation.
This developing story continues to draw attention from financial markets, legal analysts, and political observers who are closely watching how the situation unfolds between the Justice Department, the White House, and the Federal Reserve.
