Trump doubles down on DOJ probe into Powell as Warsh nomination stalls
TL;DR Summary
President Trump endorses a DOJ criminal probe of Fed Chair Jerome Powell tied to Powell’s testimony about the Federal Reserve HQ renovation, a move that could delay the confirmation of Trump’s pick to replace Powell, Kevin Warsh. Powell says he expects to stay on as acting chair if no successor is confirmed, while a federal judge ruled that subpoenas in the probe were a pretext to pressure rate cuts; Sen. Thom Tillis says he will not vote on nominees until the probe is resolved.
- Trump digs in on Powell, suggesting DOJ probe should continue Politico
- Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom CNBC
- DOJ, White House Clear Way for Pirro to Keep Powell Probe Going Bloomberg.com
- Fed Chair Powell: I’ll stay at the Fed until Jeanine Pirro’s probe is ‘well and truly over’ CNN
- Trump Wants Powell Out. Powell Is Digging In. WSJ
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