Trump Fuels Political Firestorm: Fed Chief Under Attack, Congress Raises Alarm
- Department of Justice (DOJ) has launched a criminal inquiry into statements made by Federal Reserve (Fed) chairman Jerome Powell before Congress regarding the renovation of the Fed's headquarters...
- Trump has long demanded rate cuts from Powell, and Powell framed the latest actions directly as a political matter.
- The Fed is under fire, and the DOJ is investigating Jerome Powell's words as a criminal matter. underlying this is a growing question: is Trump attempting to forcibly...
Teh U.S. Department of Justice (DOJ) has launched a criminal inquiry into statements made by Federal Reserve (Fed) chairman Jerome Powell before Congress regarding the renovation of the Fed’s headquarters in Washington – according to Powell himself.
Trump has long demanded rate cuts from Powell, and Powell framed the latest actions directly as a political matter. He stated that the management is solely driven by fulfilling the president’s desire for radically cheaper credit.
Powell said in a statement released Sunday evening.
The Fed is under fire, and the DOJ is investigating Jerome Powell’s words as a criminal matter. underlying this is a growing question: is Trump attempting to forcibly take control of the central bank?
– grodów na tarasie na dachu – mówił Powell senatorom.
dyrektor [amerykańskigo urzędu nadzorującego rynek finansowania mieszkań] federal Housing Finance Agency, Bill Pulte – który powtarzał zarzuty prezydenta o zbyt wysokich kosztach kredytu – w lipcu wezwał ustawodawców, by przyjrzeli się tym zeznaniom.Później Trump odwiedził plac budowy, by na miejscu zapoznać się z projektem.
Budynek Rezerwy Federalnej w trakcie remontu, Waszyngton, Stany Zjednoczone, 17 lipca 2025 r.Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP / AFP
Republikanie wściekli – nawet ci z MAGA
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Senator Thom Tillis (Republikanin z Karoliny Północnej), członek senackiej komisji bankowej, szybko skrytykował ruch DOJ.
– Jeśli ktoś miał jeszcze cień wątpliwości, czy doradcy w administracji Trumpa aktywnie dążą do zniszczenia niezależn
Trump oskarżył gubernatorkę Fed Lisę Cook o oszustwo hipoteczne – zarzuty, którym sprzeciwia się jej prawnik. Sąd Najwyższy ma wysłuchać argumentów ustnych w tej sprawie 21 stycznia.
Lisa Cook podczas posiedzenia Rady Rezerwy Federalnej w Waszyngtonie, USA, 24 października 2025 r.AARON SCHWARTZ / PAP
– To element kampanii prezydenta. Lisa Cook, Jay powell… On zrobi wszystko, by przejąć kontrolę nad Rezerwą Federalną – powiedział Donald Kohn, były wiceprzewodniczący banku centralnego, obecnie starszy ekspert w Brookings Institution.
Historia pokazuje, że kiedy niezależność banku centralnego zostaje naruszona, dzieją się złe“`html
National Bank of Poland (Narodowy Bank Polski)
the National Bank of Poland (narodowy Bank Polski, NBP) is the central bank of poland, responsible for maintaining price stability and supporting the enduring development of the country’s economy. As of January 12, 2026, the NBP is navigating a period of inflation and interest rate adjustments within the broader context of the European economic landscape.
national Bank of Poland: Overview
The National Bank of Poland (NBP) is an independent institution, constitutionally mandated to safeguard the value of the Polish złoty and maintain price stability.It operates under the Act on the National Bank of Poland of 29 August 1997. [Act on the National Bank of Poland]
The NBP’s primary objective, as defined by the Constitution, is to maintain price stability. It also supports the government’s economic policy, provided it does not compromise price stability.The bank is a member of the european System of Central banks (ESCB).
Example: in December 2023, the NBP maintained its benchmark interest rate at 5.75%,citing the need to anchor inflation expectations.[NBP Press Release – December 2023]
Organizational Structure and Key Officials
The National Bank of Poland is headed by the President of the NBP, currently Adam Glapiński, whose term ends in 2022 (though extensions have been subject to legal debate). [President of NBP] The Monetary Policy Council (MPC) is the main decision-making body responsible for setting interest rates and other monetary policy tools.
The NBP’s organizational structure includes departments responsible for monetary policy, financial stability, economic research, legal affairs, and banking supervision.It also oversees the Polish payment system, KOBiEZ.
Example: The current composition of the Monetary Policy Council as of January 12, 2026, can be found on the NBP website. [Monetary Policy Council Members]
Monetary Policy Council (MPC)
The Monetary Policy Council (MPC) is a nine-member body responsible for formulating and implementing monetary policy in Poland. [NBP – Monetary Policy Council]
The MPC meets approximately every six weeks to assess the economic situation and decide on the appropriate level of interest rates. its decisions are based on a comprehensive analysis of economic indicators, including inflation, GDP growth, unemployment, and exchange rates.
Evidence: MPC meeting minutes are published on the NBP website, providing detailed insights into the Council’s deliberations. [MPC Meeting Minutes]
Key Functions and Responsibilities
The NBP performs several key functions, including maintaining price stability, issuing currency (the Polish złoty), managing foreign exchange reserves, and supervising the banking sector.[NBP Functions]
The bank also acts as the banker to the government and provides payment services to commercial banks. It plays a crucial role in ensuring the stability and efficiency of the Polish financial system.
Example: As of December 31, 2023, Poland’s official foreign exchange reserves totaled EUR 154.8 billion. [NBP – Foreign Exchange Reserves]
Recent Developments (as of January 12,2026)
As of January 12,2026,the NBP is focused on managing inflation,which,while declining from its peak in 2023,remains above the target level of 2.5% with a tolerance band of +/- 1 percentage point.[NBP – Inflation Target] The MPC has been gradually easing monetary policy, but remains cautious due to ongoing geopolitical uncertainties and the potential for renewed inflationary pressures.
Recent debates have centered on the independence of the NBP and the potential impact of government policies on its ability to maintain price stability.The political context surrounding the NBP has been subject to scrutiny by international organizations.
Evidence: