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CNBC World NewsJan 12, 2026
Asia-Pacific markets set to rise, shrugging off geopolitical tensions and Powell probe
Asia markets were set to open higher as investors shrugged off ongoing geopolitical flashpoints and a criminal investigation into Fed chair Jerome Powell.

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What to Know About the Criminal Investigation of Fed Chair Jerome Powell (Int'l Herald Tribune)

BBC Front PageJan 12, 2026
Fed chair Powell hits out at 'unprecedented' probe by US justice department
Jerome Powell said he believed the investigation was due to Donald Trump's anger over the Fed's refusal to cut interest rates.

CNBC World NewsJan 12, 2026
CNBC Daily Open: Powell probe rattles Washington, but Wall Street shrugs
Former Fed Chair and Treasury Secretary Janet Yellen said she was "surprised the market isn't more concerned."

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Stocks close higher despite DOJ probe into Fed Chair Powell (ABC News)

ABC NewsJan 12, 2026
DOJ probe into Powell sparks backlash from some Republicans, former Fed chairs
A bipartisan group of top economic officials called the DOJ probe into Jerome Powell an "unprecedented attempt" to undermine the Fed's independence.
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