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Statement from Federal Reserve Chair Jerome H. Powell

    Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings. I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure. This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve se...
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The UK is set to be hit by another cold snap later this month, with weather charts showing snowfall is likely to return as temperatures plummet to as low as -6C

 An image depicting a weather map focused on the British Isles. The map uses a combination of green, blue, and purple shades to represent varying atmospheric conditions and temperatures. Wind patterns are indicated by lines across the map, and the central region, presumed to be the British mainland, is shaded in a gradient of purple and blue, suggesting colder temperatures in that area. 

Britain is bracing itself for another bout of heavy snowfall, with weather forecasts suggesting more than 10 inches could blanket parts of the nation later this month. It comes as temperatures are set to plummet to a bitter -6C.

The UK endured a frosty start to 2026, with countrywide sub-zero conditions triggering extensive weather alerts for Storm Goretti last week. But after a small respite, further wintry conditions appear to be heading our way — with the North East potentially facing the worst of it.

Meteorological charts reveal areas of low pressure advancing from the north and west, delivering unsettled weather systems and snowfall where humid air collides with frigid Arctic currents. Snow is anticipated across central and northern Scotland along with northern England on January 22, becoming more intense throughout the day and moving eastwards. 

Certain areas of Scotland could witness snow accumulations of up to 30cm, whilst northern England might expect approximately 14 or 15cm, accompanied by harsh cold spells. Weather models indicate temperatures could drop to -6C in Scotland, whilst even the mildest regions of southern England will battle to climb above freezing point, according to Teesside Live.

The Met Office has issued an alert regarding possible "winter hazards" in its extended forecast spanning January 17-26. The prediction states: "It will likely remain changeable for the UK as a whole through this period

 

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