Semafor • Jan 13, 2026
Powell investigation has little financial or political upside
One question about the Trump administration’s criminal investigation into Federal Reserve Chair Jerome Powell: Who is this for?
One question about the Trump administration’s criminal investigation into Federal Reserve Chair Jerome Powell: Who is this for?
The stake in a new spinoff from defense contractor L3Harris is the first step to injecting some competition into the industry, the company’s CEO says.
Trump has pledged to spend tariff revenues on various projects, including funding child care and helping farmers.
“I felt like I was going to pass out and die,” said 16-year-old Arnoldo Bazan.
Massive, unprecedented payouts from the New York Federal Reserve could signal that big banks are seriously short on cash.