Powell: DOJ subpoena 'pretext' over interest rates
January 12, 2026
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0:59Planning commission hears details of Trump's White House ballroom project
0:54Now PlayingPowell: DOJ subpoena 'pretext' over interest rates
YouTube Description
as posted by the channelFederal Reserve Board Chair Jerome Powell says the Justice Department sent the nation’s central bank a subpoena on Friday.
Powell said the grand jury subpoenas threaten criminal indictments related to his testimony on the renovation project before the Senate Banking Committee last June. In an unusually combative video statement, however, Powell called it a mere pretext to force the Fed to cave to President Trump’s views on interest rates.
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