MAGA’s Wall Street contingent is praying that President Trump will put an end to his DOJ’s investigation of Fed chair Jerome Powell – and they have been privately pleading their case to the White House,

Wall Street's relationship with the Trump administration is souring

"Any nominee from U.S. President Trump is likely to have to place additional emphasis on their independence to try and prove they are above politics."

By Manya Saini, Saeed Azhar and Ateev Bhandari Jan 13 (Reuters) - CEOs from top Wall Street banks JPMorgan Chase and BNY voiced support for the independence of the U.S. Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chair Jerome Powell.

Wall Street is edging toward records Monday after bouncing back from early losses taken because of worries about the worsening feud between the White House and the Federal Reserve, one that experts warn could lead to higher inflation in the future.

If the labor market is improving and the Supreme Court delivers tariff refunds, the Fed would have almost no justification for adding a new round of cheaper money.

Investors had so far ignored growing geopolitical tensions, but the conflagration of issues have started to chip away at equities.

The CEOs of JPMorgan Chase and the Bank of New York Mellon Corporation are standing by Federal Reserve Chairman Jerome Powell after the Department of Justice opened a criminal investigation into the central banker.

Wall Street leaders push back on Trump’s attacks on the Fed, arguing that political pressure risks higher inflation and long-term economic damage.

Stocks and longer-term Treasurys steadied after early declines, while gold notched a new record.

Look to the Fed to help stocks climb higher in 2026, says Fundstrat's Tom Lee. Thursday could be telling in whether investors can look past AI spending worries fueled by Oracle, or focus on the Fed's last rate cut of the year. The optimists looking for ...