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Trump says didn't know about DoJ's Fed subpoenas
United States President Donald Trump told NBC News he had no knowledge of the Justice Department's actions, after it subpoenaed the Federal Reserve. "I don't know anything about it, but he's certainly not very good at the Fed, and he's not very good at building buildings," Trump said of Fed Chair Jerome Powell in the interview. Powell said the Justice Department threatened the central bank with a criminal indictment over his testimony in June about the Fed's building renovations. "The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will ... (full story)
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From channelnewsasia.com | Jan 12, 2026
United States President Donald Trump's administration is threatening to bring criminal charges against Federal Reserve (Fed) Chair Jerome Powell over cost overruns at the US central bank's headquarters complex in Washington, the latest broadside by Trump against Powell and a Fed he wants to lower interest rates dramatically. The cost of the Fed's ...
A chorus of previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell as the central bank leader faces potential perjury allegations from the Justice Department. The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to ...
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