Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell, triggering fresh concerns about the independence of the US central bank. Powell has publicly linked the probe to ongoing political pressure over interest rate decisions, raising alarms across financial markets.

U.S. President Donald Trump has issued one of his strongest warnings yet to Iran, declaring that the United States would respond at levels “they’ve never been hit before” if Tehran targets American military bases or escalates violence amid nationwide protests. Speaking as reports of deadly crackdowns spread across Iran, Trump confirmed that Washington is closely monitoring the unrest and actively reviewing military options. The President suggested Iran is approaching a clearly defined red line, particularly over the handling of protesters and allegations of unjustified killings. WATCH