GOP Senators Question DOJ Probe Into Fed Chair Jerome Powell
The HillJanuary 15, 20261 min1,070 views
6 connections·10 entities in this video→Criminal Investigation into Fed Chair Powell
- 🔍 Several prominent Republicans are questioning the Trump administration's new criminal investigation into Federal Reserve Chair Jerome Powell.
- 🏛️ The Department of Justice (DOJ) will investigate whether Powell lied to Congress about the $2.5 billion price tag for the Fed building's renovation.
- ⚠️ Powell states he has also been threatened with a criminal indictment.
Political Reactions and Concerns
- 🗣️ Senator Lisa Murkowski accused the Trump administration of an attempt at coercion.
- ⚖️ Senator Tom Tillis questioned the independence of the DOJ and the credibility of its investigation.
- 🚫 Murkowski is reportedly blocking any Federal Reserve nominee until the issue is resolved.
- 📣 Senate Democratic leader Chuck Schumer accused the Trump administration of bullying the Federal Reserve.
Trump's Stance and Past Criticism
- 🤷 President Trump has denied any involvement in the investigation, telling NBC News he doesn't know anything about it.
- 🗣️ Trump has repeatedly criticized Powell, expressing anger that Powell didn't lower interest rates sooner and calling him names.
- ❓ The investigation's subpoenas are reportedly not related to Trump's long-running feud with Powell.
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Transcript6 segments
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What’s Discussed
Jerome PowellFederal ReserveDOJ InvestigationCriminal IndictmentCongressFed Building RenovationDonald TrumpRepublican SenatorsCoercionDOJ IndependenceInterest Rates
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