Fed under pressure as offshore wind rebounds in the US - Jan 13, 2026

As of January 13, today’s news sees central banking tensions in the United States and developments in offshore wind projects. There is growing concern regarding the implications of recent actions by the Trump administration, particularly its efforts to undermine the independence of the Federal Reserve. A criminal inquiry targeting Fed Chair Jerome Powell has led to a rally of support from global central bank leaders and major bank CEOs, reflecting the importance of central bank stability amid political turbulence. Meanwhile, Orsted shares jumped 6% today after a U.S. court cleared the Danish offshore wind developer to resume work on its nearly completed Revolution Wind project, easing fears of multibillion-dollar losses. The ruling comes after repeated disruptions to offshore wind projects under U.S. President Donald Trump, who has criticized wind turbines as ugly, costly and inefficient. In other market updates, NKT announced the launch of a new dry-type high-voltage outdoor termination aimed at enhancing safety and minimizing environmental risks within power grids. Furthermore, TotalEnergies' CEO indicated that the firm is cautious about returning to Venezuela due to massive investment needs, despite political calls for reinvestment in the country's oil industry. Additionally, BlackRock's latest Investment Directions report shows investors favoring energy and infrastructure opportunities over traditional big tech investments as the marketplace evolves in the wake of AI advancements. Internationally, a G7 meeting convened by U.S. Treasury Secretary Scott Bessent discussed strategies to reduce reliance on Chinese rare earths, emphasizing the need for alternative supply chains and price stability in response to geopolitical tensions. On the world stage, Danish and Greenlandic foreign ministers are set to meet U.S. officials following escalating claims by Trump regarding Greenland, amid rising tensions over potential U.S. territorial ambitions in the Arctic. Finally, U.S. President Donald Trump urged Iranians today to keep protesting and said help was on the way, without giving details, as Iran's clerical establishment pressed its crackdown against the biggest demonstrations in years.