Powell said Sunday that the Justice Department served the central bank with subpoenas and threatened a criminal indictment over his testimony last year about a building renovation. The move was met with sharp criticism from both Democrats and Republicans, many arguing that the Fed should remain independent.

The Department of Justice's decision to pursue criminal charges against Federal Reserve Chair Jerome Powell has derailed White House plans for an affordability-focused speech scheduled this week, as the administration grapples with mounting controversies.

U.S. District Judge Amy Berman ruled the CFPB can continue to get its funds from the Federal Reserve, though the Fed is operating at a loss, and the White House has made a new legal argument that way the CFPB gets its funds is not valid.

Stocks of credit card companies are dropping after President Donald Trump threatened moves that could eat into their profits

Jerome Powell isn’t the first high-profile official to find himself targeted by the Justice Department since Donald Trump returned to the White House.

Wall Street is edging toward records after bouncing back from early losses taken because of worries about the worsening feud between the White House and the Federal Reserve. The S&P