Tell Congress to protect the independence of the Federal Reserve!

Multiple outlets reported an extraordinary escalation by President Trump’s Justice Department against Federal Reserve Chair Jerome Powell — a move experts warn could shatter the Fed’s independence and accelerate an authoritarian power grab.

According to CNBC and The New York Times, the DOJ is pursuing a criminal investigation tied to Powell’s congressional testimony, despite no evidence of personal misconduct. The Wall Street Journal reports that Powell has resisted repeated White House pressure to cut interest rates, making the investigation look less like oversight and more like retaliation. TIME called the threat unprecedented for a sitting Fed chair.

Senator Bernie Sanders has warned that weaponizing law enforcement against independent institutions is a hallmark of authoritarianism. The Fed’s independence protects working people from political interference that fuels inflation and market instability. Even some Republicans agree: CNBC and The New York Times report that Senators Lisa Murkowski and Thom Tillis have criticized the investigation, leaving Congress with no excuse for inaction.

Powell’s term ends in May 2026. That deadline is fast approaching — and if Congress doesn’t step in now, this attack will set a precedent that any president can weaponize the DOJ to silence dissent and consolidate power.

Add your name to demand that Congress act immediately to protect the Federal Reserve’s independence.

Thanks,
Mary