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Trump Denies Involvement in Jerome Powell Subpoenas

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January 12, 2026

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YouTube Description

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Federal Reserve Chairman Jerome Powell says he is under investigation and the threat of criminal indictment by the Justice Department amid a yearlong pressure campaign by President Donald Trump to force the Central Bank to lower interest rates. In a phone interview with NBC News, the president denied having any knowledge of an investigation or that he would use one to pressure Powell. NBC’s Garrett Haake reports for TODAY.

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Justice DepartmentPresident Donald TrumpCentral BankNBC NewsPowell NBCs Garrett HaakeTODAY TODAYFacebook Follow TODAYTwitter Follow TODAY

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