Powell says the Fed was served DOJ subpoenas over building renovations
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
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The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Federal Reserve Chair Jerome Powell said he's facing a federal criminal investigation. While Powell said the DOJ probe is tied to testimony he gave last summer over a renovations project for Fed buildings, he said a in a video released Sunday that "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."
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
A 20-year-old Florida State University student opened fire on the school's Tallahassee campus Thursday, killing two people and wounding at least six others. Authorities later identified him as Phoenix Ikner. Events at the campus are canceled until at least Sunday after the Thursday shooting. Meanwhile President Trump has called for the termination of Federal Reserve Chairman Jerome Powell after his recent warning about how Trump's tariffs could affect the economy.
Federal Reserve Chairman Jerome Powell warned this week that President Trump's tariff plan could cause higher unemployment, inflation and a potential economic slowdown. Jim Donovan has your latest morning headlines with weather from Meteorologist Grant Gilmore.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
A nationwide shortage of estrogen patches used for hormone replacement therapy has prompted many women to look for alternatives for treating symptoms of menopause.
Philadelphia city councilmembers pressed Superintendent Tony Watlington for details on his plan to close 20 schools.
Known for his presidential campaigns and decades of activism, civil rights leader Jesse Jackson died Tuesday. He was 84.
As investigators find leads and track down persons of interest or suspects in the Nancy Guthrie case, experts said cell data will be used to corroborate other important pieces of evidence.
Diners have been apart of New Jersey's DNA for decades. Now many are struggling, but lawmakers are looking to give them a lifeline.
Known for his presidential campaigns and decades of activism, civil rights leader Jesse Jackson died Tuesday. He was 84.
A nationwide shortage of estrogen patches used for hormone replacement therapy has prompted many women to look for alternatives for treating symptoms of menopause.
Diners have been apart of New Jersey's DNA for decades. Now many are struggling, but lawmakers are looking to give them a lifeline.
Philadelphia city councilmembers pressed Superintendent Tony Watlington for details on his plan to close 20 schools.
As investigators find leads and track down persons of interest or suspects in the Nancy Guthrie case, experts said cell data will be used to corroborate other important pieces of evidence.
Philadelphia city councilmembers pressed Superintendent Tony Watlington for details on his plan to close 20 schools.
Known for his presidential campaigns and decades of activism, civil rights leader Jesse Jackson died Tuesday. He was 84.
As investigators find leads and track down persons of interest or suspects in the Nancy Guthrie case, experts said cell data will be used to corroborate other important pieces of evidence.
Pat's King of Steaks says it's going "new school" by adding seeded rolls to the menu.
Bruce Springsteen is bringing the Land of Hope and Dreams tour to Xfinity Mobile Arena in Philadelphia on May 8.
A nationwide shortage of estrogen patches used for hormone replacement therapy has prompted many women to look for alternatives for treating symptoms of menopause.
Diners have been apart of New Jersey's DNA for decades. Now many are struggling, but lawmakers are looking to give them a lifeline.
Life in one New Jersey town just got a whole lot sweeter. A man crafted a Good Humor truck out of snow and even sells ice cream out of it for a great cause.
A person was seriously injured in a hit-and-run in Washington Township early Sunday morning, police said.
After erosion from several major storms, New Jersey officials say federal relief is on the way for eroding South Jersey beaches.
The long-ago first husband of first lady Jill Biden pleaded not guilty to charges that he killed his current wife in Delaware.
A fire that broke out at a wastewater treatment facility in Wilmington, Delaware, is under control after an explosion early Tuesday morning.
Ice is still impacting bodies of water around the Philadelphia area after a long stretch of cold temperatures.
Two firefighters and two residents were taken to the hospital after a house fire in Wilmington on Sunday, officials said.
Power companies across the Philadelphia region and Lehigh Valley are reporting some outages Saturday while high wind alerts are in effect.
A nationwide shortage of estrogen patches used for hormone replacement therapy has prompted many women to look for alternatives for treating symptoms of menopause.
Pennsylvania Hospital in Philadelphia is the country's oldest hospital and will become a museum for the nation's 250th birthday in 2026.
A person with measles traveled through Philadelphia International Airport last week, health officials said.
February is Heart Awareness Month, and with Valentine's Day approaching, the holiday holds special meaning for a South Jersey family.
As piles of snow melt across the Philadelphia region, research shows the salt used to prevent slipping could end up in the water supply.
Move over, Wawa, "there's a new player in town." Customers shed light on Pennsylvania's heated rivalry as Sheetz opened its first store in Montgomery County.
Former Sheetz president and CEO Steve Sheetz has died at age 77, the Altoona-based company announced on Monday.
The post-Christmas return rush was underway at shops and malls across the Philadelphia area.
With product return fraud on the rise, an emerging company is using AI to help spot issues.
Here are mall opening and closing hours for the Christmas and Christmas Eve holidays around the Philly region.
A stretch of Spruce Street in Philadelphia's University City section is closed until further notice because of a water main break.
Police and fire crews are once again responding to the scene of a train fire that broke out Thursday.
More than 100 speed bumps near Philadelphia schools were installed improperly, a new report says.
The Downingtown Interchange on the Pennsylvania Turnpike reopened Wednesday night after a canopy over the toll booths collapsed.
A portion of Martin Luther King Jr. Drive remains closed as crews work on water infrastructure repairs.
The Eagles' main headquarters in South Philadelphia has a new name: the Jefferson Health Training Complex.
Their respective semifinal wins on Monday set up a seventh gold-medal showdown between Team USA and Canada later this week.
Anthony Edwards won the Most Valuable Player award while leading his "Stars" team past their fellow Americans on the "Stripes" team 47-21 to win the final of the NBA All-Star Game.
The Reading Fightin Phils will play as the "Reading Iced Coffees" for their 23rd annual morning game Tuesday, Aug. 25.
Bryce Harper says he still doesn't understand why Dave Dombrowski suggested last year that he doesn't know if Harper is still an elite player.
Bruce Springsteen is bringing the Land of Hope and Dreams tour to Xfinity Mobile Arena in Philadelphia on May 8.
J. Cole's "The Fall-Off Tour" will stop at Xfinity Mobile Arena in Philadelphia in July.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The Pennsylvania Film Office has awarded $34 million for production on Season 3 of "Tires" and the fifth and final season of "Mayor of Kingstown."
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
New Jersey's acting attorney general said Tuesday she will not ask the state Supreme Court to review the dismissal of racketeering charges against Democratic power broker George E. Norcross III and those charged alongside him.
Andrew Kozak is tracking a storm that could bring snow and rain to the Philadelphia region this weekend and more. Here's the latest NEXT Weather forecast.
The shortage comes with an increase in demand after the FDA lifted the black box warnings on hormone replacement therapy in November.
Breaking with a decades-old tradition, Pat's King of Steaks in Philadelphia is adding a "new school" cheesesteak with a seeded roll to its menu for a limited time.
Philadelphia Mayor Cherelle Parker said she's proud of the city's history after a judge ruled the Trump administration and the National Park Service must restore a slavery exhibit to the President's House Site in Old City.