Trump orders investigation into Fed boss Jerome Powell | LBC
January 13, 2026
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5:09Now PlayingTrump orders investigation into Fed boss Jerome Powell | LBC
YouTube Description
as posted by the channelFederal Reserve chairman Jerome Powell said the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed's building renovations.
The move represents an unprecedented escalation in President Donald Trump's battle with the Fed, an independent agency he has repeatedly attacked for not cutting its key interest rate as quickly as Mr Trump prefers.
The subpoena relates to his testimony before the Senate Banking Committee in June, Mr Powell said, regarding the Fed's 2.5 billion dollar (£1.85 billion) renovation of two office buildings, a project Mr Trump criticised as excessive.
Nobel Prize winning economist Paul R. Krugman joins Andrew Marr to discuss the escalation.
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#andrewmarr #jeromepowell #donaldtrump #trump #fed #federalreserve #uspolitics #LBC
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