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OnPolitics: DOJ is questioning witnesses about Trump's conduct on Jan. 6

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Hello, OnPolitics readers.

President Joe Biden said he is “feeling great” after twice testing negative for COVID-19. The president first tested positive for the highly transmissible disease last Thursday.

Biden, 79, has been allowed to discontinue strict isolation measures after testing negative Tuesday night and again Wednesday morning. The president finished a five-day course of Paxlovid 36 hours ago, according to White House physician Kevin O’Connor.

O’Connor wrote in a letter Wednesday that Biden remains “fever free” and his symptoms are “steadily improving, and are almost completely resolved.”

The president spoke about his brief illness in remarks from the Rose Garden Wednesday.

“My symptoms were mild, my recovery was quick, and I’m feeling great,” Biden said.

It’s Ella and Chelsey with today’s top stories out of Washington.

Federal prosecutors questioning witnesses about Trump’s conduct on Jan. 6

Federal prosecutors have been interviewing witnesses pertaining to former President Donald Trump’s actions on Jan. 6, 2021 as part of a larger investigation into efforts to overturn the results of the 2020 presidential election, a person familiar with the matter said.

Prosecutors will also review attempts by Trump and his team to alter the election outcome by substituting fake electors in key states Trump lost and by pressuring former Vice President Mike Pence to block certification of the results.

The prosecutors’ actions were first reported in The Washington Post. In a Tuesday interview with NBC News, Attorney General Merrick Garland also did not exempt Trump from a federal probe into the events of Jan. 6, and said that “anyone who was criminally responsible” is subject to scrutiny.

“We pursue justice without fear or favor,” Garland told NBC when asked whether the investigation could include Trump. “I’ll say again that we will hold accountable anyone who is criminally responsible for attempting to interfere with the… legitimate, lawful transfer of power from one administration to the next.”

Federal investigators have already searched the home of former assistant attorney general Jeffrey Clark and seized the cell phone of Trump’s personal lawyer, John Eastman. Clark drafted a letter to officials in six states asking them to overturn the 2020 election results, and Eastman was the mastermind behind the scheme to pressure Pence to reject electors from states won by Biden in 2020.

Real quick: Stories you’ll want to read

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Fed rate hike: How will it affect the economy and you?

Another month, another outsized interest rate hike.

Today, the Federal Reserve raised its key short-term rate by 0.75% for the second month in a row, hoping the hike will help rein in soaring inflation. 

It puts the federal funds rate – what banks charge each other for overnight loans – at a range between 2.25% and 2.5%. It’s approaching the Fed’s 2.5% neutral rate, which is intended to neither stimulate nor stunt economic growth. 

The rise is expected to sharply increase rates for credit cards, home equity lines of credit and other loans. 

Though job gains have been robust in recent months and the unemployment rate has remained low, inflation remains high due to the pandemic, higher food and energy prices and broader price increases, the Fed said in a statement. 

“The committee is strongly committed to returning inflation to its 2 percent objective,” the Fed said.

Tiger queen: A bill long pushed for by “Tiger King” star Carole Baskin received official support from the Biden administration today. — Ella & Chelsey