DOJ opens probe into Fed Chair Jerome Powell
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The Justice Department has subpoenaed the Fed over chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
Since November 26, 2025, the last date the Federal Reserve produced a balance sheet before it began to add securities to its portfolio again, the Fed has increased its portfolio of securities held outright by $33.3 billion.
The Fed heads into 2026 divided over rate cuts as mixed economic signals and a new Trump-appointed chair test policy consensus.
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The Secretary of the Treasury suspended production of the 1-cent coin, with the final penny pressed Nov. 12., after determining it was no longer needed—and becoming increasingly expensive to make. The cost to produce the penny has increased from 1.42 cents to 3.69 cents per penny, according to the United States Mint.