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Trump's Fed Critique Sparks Backlash, Legal Setbacks

3/16/2026

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Story summary
  • U.S. President Donald Trump faces backlash over his campaign against Federal Reserve Chairman Jerome Powell.
  • Critics, including economist Paul Krugman, warn undermining the Fed's independence could trigger a crisis.
  • On March 13, Judge James E. Boasberg blocked Trump's DOJ move against Powell by quashing grand jury subpoenas.
  • The New York Times reports earlier attempts to prosecute political opponents have faltered, showing Trump lacks unilateral legal control.