President Trump Maintains Support for Fed Chair Powell Amid DOJ Probe
- President Trump announced no immediate plans to remove Fed Chair Jerome Powell despite a Department of Justice investigation.
- The investigation focuses on cost overruns related to a $2.5 billion renovation project at the Federal Reserve headquarters.
- Jerome Powell claims the probe is an attempt to pressure the Federal Reserve’s policy decisions, denying any misconduct.
- Powell’s term as chair expires in May, but he could remain on the board until 2028.
- Trump is considering Kevin Warsh or Kevin Hassett as potential successors, with an announcement expected soon.
President Trump has confirmed he does not intend to dismiss Fed Chair Jerome Powell amid a DOJ investigation into a $2.5 billion renovation project, asserting that the situation remains under review. Powell denies any wrongdoing and suggests the probe aims to influence monetary policy decisions.
Source (3.2)https://cryptobriefing.com/us-government-no-plan-remove-powell-investigation/?rand=59535
