Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom

Trump digs Powell in deeper at Fed

By doubling down on the investigation into Jerome Powell, President Donald Trump is ensuring that the Federal Reserve chair won’t go anywhere soon. After Powell said he would remain at the central bank until the Justice Department drops its investigation into Fed renovations, Trump on Thursday put his weight behind the probe, telling reporters: “There is criminality.” “All I want to do is bring out to the public that this guy is … a very incompe…

Trump Signals DOJ Should Continue Powell Probe

President Donald Trump indicated on March 19 that Federal Reserve Chair Jerome Powell was still under investigation over the $2.5 billion price tag to renovate the Federal Reserve’s Washington headquarters, after a federal judge blocked subpoenas issued to the Federal Reserve as part of a criminal investigation of Powell. “He’s under investigation, because he’s building a building for hundreds of millions more than it’s supposed to cost,” Trump …

DOJ, White House Clearing Way to Keep Powell Probe Going, Bloomberg News Reports

The leaders at the U.S. Justice Department are rallying behind federal prosecutor Jeanine Pirro to investigate Federal Reserve Chair Jerome Powell and the White House is not opposing, Bloomberg News reported on Thursday, citing sources. President Donald Trump had been open to the idea of dropping the probe into Powell until last Friday, when a judge rejected subpoenas issued to the central bank, but he is now believed by aides and allies to supp…

Trump signals DOJ should continue Powell probe, complicating Warsh Fed nomination

Powell has accused the DOJ of investigating him in retaliation for his refusal to lower interest rates as much or as quickly as Trump has demanded.