Politics1/12/2026•Bloomberg

Powell's Made This Political: Sen. Marshall

Powell's Made This Political: Sen. Marshall

Senator Roger Marshall (R-KS) has expressed his views on the recent developments between the Department of Justice (DOJ) and the Federal Reserve (Fed). Marshall voiced his support for President Trump's proposal to cap credit card interest rates, and discussed the Senate's upcoming plans on healthcare legislation. Marshall believes that the DOJ serving subpoenas to the Fed is a political move, and he disagrees with some of his Republican colleagues who plan to oppose any Fed nominations until this issue is resolved. The senator argues that the Fed's independence should be maintained, and that the subpoenas could be seen as an attempt to interfere with the central bank's operations. Regarding the president's credit card interest rate proposal, Marshall expressed his support, stating that it could provide relief to consumers during the current economic challenges. As for healthcare, the senator indicated that the Senate is working on new legislation, but did not provide specific details.

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