DOJ's Powell subpoena heightens White House tension with Fed #trump #economy #federalreserve

Jerome Powell is the latest target of President Donald Trump’s Justice Department. The Federal Reserve chair confirmed that DOJ has opened a criminal investigation into his statements to Congress regarding Fed HQ renovations, marking the latest and sharpest escalation of Trump’s months long crusade against Powell. Though Trump denied having knowledge of the investigation, he has long pushed Powell to cut interest rates. ----------------------------------------- Subscribe to our channel! https://www.youtube.com/channel/UCgjtvMmHXbutALaw9XzRkAg?view_as=subscriber Check out our video catalog: https://www.politico.com/video Follow POLITICO here: ➤ X: https://x.com/politico/ ➤ Instagram: https://www.instagram.com/politico/ ➤ Facebook: https://www.facebook.com/politico/