{"id":69807,"date":"2026-01-29T05:17:43","date_gmt":"2026-01-29T05:17:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=69807"},"modified":"2026-01-29T05:17:43","modified_gmt":"2026-01-29T05:17:43","slug":"powell-pushes-back-on-doj-subpoenas-cites-fed-independence","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=69807","title":{"rendered":"Powell Pushes Back on DOJ Subpoenas, Cites Fed Independence"},"content":{"rendered":"<div>\n<p>Federal Reserve Chair Jerome Powell spoke out against recent subpoenas from the Department of Justice, calling them a political move that could threaten the Fed\u2019s independence. Bitcoin barely reacted and stayed within its recent range, as most traders were already looking ahead to the next interest rate decision.<\/p>\n<p>The concern sits in the background of all markets. When politics starts to influence interest rates, the effects spread quickly to stocks, housing, and crypto.<\/p>\n<h2>What Happened and Why Powell Pushed Back<\/h2>\n<p>The Justice Department sent subpoenas linked to Powell\u2019s 2025 testimony about renovation work on Federal Reserve buildings. Powell responded publicly, saying the move risks turning interest rate decisions into political tools.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">BREAKING: Jerome Powell has officially been referred to the DOJ for criminal investigation, for lying under oath.<\/p>\n<p>Do you think anything will actually happen to him? <a href=\"https:\/\/t.co\/WZn9KETvYm\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/WZn9KETvYm<\/a><\/p>\n<p>\u2014 Derrick Evans (@DerrickEvans4WV) <a href=\"https:\/\/twitter.com\/DerrickEvans4WV\/status\/1947362713094529420?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>That kind of statement is rare. The Fed and the Justice Department almost never argue in public like this.<\/p>\n<p>Here is the simple version. The Fed controls interest rates. Interest rates control how expensive it is to borrow money. If politicians lean on the Fed, rates can change for political rather than economic reasons, creating more uncertainty for everyone.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2026<\/a><\/strong><\/p>\n<h2>Why This Connects to Crypto Prices<\/h2>\n<p>The Fed has two main jobs. Keep inflation under control and support steady employment. You can think of it like managing both temperature and speed in a car simultaneously.<\/p>\n<p>When the Fed stays neutral, markets can plan ahead. When politics enters the picture, planning gets harder.<\/p>\n<p>Crypto reacts quickly to changes in interest rate expectations. Higher rates often pull money away from Bitcoin and other coins because safer options look more attractive.<\/p>\n<p>Lower rates push money back into risk assets. That\u2019s why every Fed signal already shakes prices, as we\u2019ve seen during recent <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/crypto-market-news-today-january-28-usd-index-dropping-as-we-wait-for-fomc-results-bitcoin-to-follow-gold\/\" target=\"_blank\" rel=\"noopener noreferrer\">FOMC results<\/a> cycles.<\/p>\n<p>If trust in the Fed weakens, those swings can become sharper. Money moves faster. Fear spreads faster. For beginners, that can turn small timing mistakes into painful losses.<\/p>\n<h2>Political pressure on the Fed is not new<\/h2>\n<p>Past presidents have criticized Fed leaders before. Nixon pressured Arthur Burns in the 1970s. Trump regularly attacked Powell during the 2018 and 2019 rate hikes.<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_697aeaad120d7\" data-coin-id=\"btc\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_697aeaad120d7-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_697aeaad120d7-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_697aeaad120d7-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_697aeaad120d7-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_697aeaad120d7-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_697aeaad120d7-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_697aeaad120d7-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_697aeaad120d7-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_697aeaad120d7-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_697aeaad120d7-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_697aeaad120d7-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_697aeaad120d7-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p>Subpoenas go beyond public criticism.<\/p>\n<p>This also comes at a time when crypto rules are tightening in other areas. The SEC recently clarified how crypto exchange-traded products fit into securities laws, adding more structure across markets (learn more about the <a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/cf-crypto-asset-exchange-traded-products-070125\" target=\"_blank\" rel=\"noopener nofollow\">crypto ETP guidance here<\/a>). When agencies pull in different directions, investors can receive mixed signals at once.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in January2026<\/a><\/strong><\/p>\n<h2>A quick risk check for everyday investors<\/h2>\n<p>This does not mean interest rates will change tomorrow. Powell still controls policy decisions, and markets understand that.<\/p>\n<p>Still, credibility works like trust. Once it weakens, it takes time to rebuild.<\/p>\n<p>For people holding crypto, the safety basics stay the same. Avoid borrowing to invest. Keep position sizes reasonable. Expect sudden moves when politics and interest rates collide, as we have seen during past periods of <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/xrp-slips-below-1-90-as-fed-anxiety-overshadows-major-dxc-partnership\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fed anxiety<\/a>.<\/p>\n<p>Powell drew a clear boundary. If that boundary holds, markets usually settle down. If it blurs, crypto tends to react quickly.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Follow\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/x.com\/99BitcoinsHQ\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">99Bitcoins on X<\/span><\/a><span data-preserver-spaces=\"true\"> for the Latest Market Updates and\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99bitcoins\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Subscribe on YouTube<\/span><\/a><span data-preserver-spaces=\"true\"> for Daily Expert Market <\/span><span data-preserver-spaces=\"true\">Analysis<\/span><span data-preserver-spaces=\"true\">\u00a0\u00a0<\/span><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/powell-doj-subpoenas-fed-independence\/\">Powell Pushes Back on DOJ Subpoenas, Cites Fed Independence<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair Jerome Powell spoke out against recent subpoenas from the Department of Justice, calling them a political move that could threaten the Fed\u2019s independence. Bitcoin barely reacted and stayed within its recent range, as most traders were already looking ahead to the next interest rate decision. The concern sits in the background of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-69807","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69807"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69807\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}