Trump Denies Knowledge of DOJ Probe Into Powell, Fed Renovations
Source: Newsweek
Jan 11, 2026 at 10:13 PM EST
President Donald Trump denied having any knowledge of the Department of Justice (DOJ) investigation into the Federal Reserve after the agency subpoenaed the central bank on Friday.
In an interview with NBC News Sunday night, Trump said "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," referring to Federal Reserve Chair Jerome Powell.
The comments came hours after Powell released a video statement announcing the DOJ had served grand jury subpoenas threatening criminal indictment related to his June testimony before the Senate about the Fed's office building renovations. Trump told NBC News that the investigation has nothing to do with interest rates, contradicting Powell's assertion that the probe is politically motivated pressure over monetary policy.
Newsweek reached out to the White House and Federal Reserve via email, as well as the DOJ via online form on Sunday for additional comment.
Read more: https://www.newsweek.com/trump-denies-knowledge-of-doj-probe-into-powell-fed-renovations-11343297

underpants
(195,032 posts)Link to tweet
?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A
Lovie777
(21,797 posts)Earth Bound Misfit
(3,570 posts)
wolfie001
(7,119 posts)....grass in green, sky is blue,
donald tRUMP stinks and he's a liar too.....
The Wizard
(13,594 posts)mahina
(20,440 posts)gab13by13
(31,276 posts)It only pisses people like me off.
Powell spoke the truth about the criminal investigation, period, eom.
While we're at it why don't we start talking about why Krasnov wants interest rates at zero along side articles like this?
Krasnov wants low interest rates to crash the dollar.
Also, what Krasnov is doing, and make no mistake, the prosecution of Powell comes from Krasnov, is to send a message to the next Fed chair, Do what Krasnov wants or you will be prosecuted.
I hope this inspires Powell to stay on, after he resigns as chair he can stay on the Fed until 2028. I would love that.
BumRushDaShow
(165,932 posts)And that includes Comcast-owned NBC and their spin-offs like the newly-renamed "MS NOW".
And the few "indies" like "Mother Jones" (that I sub to), are publishing mostly "commentaries" and "features" and "investigations" (and similar happens with "The Atlantic", "New York Magazine", "The New Yorker", "Vanity Fair", "The Nation", that basically became a Putin mag, but all of which I sub to).
The "foreign" outlets like "The Guardian" (that I sub to) & "The Independent", "BBC", "DW", "AFP" (paywalled), do better but there are cases where their grasp of U.S. news is weaker (even with their reporters stationed here).
Remember there are centrist/left REPORTERS who work for MOST of those outlets and they are still a far cry from InfoWars, Newsmax, OANN, Town Hall, The Blaze, Washington Examiner, and of course Faux.
Scalded Nun
(1,609 posts)bluestarone
(21,239 posts)His lips are moving!! How anybody can't see that is crazy.
RedWhiteBlueIsRacist
(1,856 posts)2na fisherman
(244 posts)If he succeeds in getting rid of Powell, and he installs a lackey, he will dictate monetary policies which will wreck the economy and reduce the status of the dollar as the world's reserve currency. The stability created by an independent Fed will no longer be there to back the value of the dollar. Maybe that's part of the plan to impoverish everyone not among the one percent so the robber barons can take over everything for pennies on the dollar. It sure seems like he's deliberately trying to do everything he can to destroy this country on all levels. He must be stopped before the damage is beyond repair.