Fed Chair Powell’s statement
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White House says Trump did not instruct DoJ to investigate Powell
Speaking to reporters outside the White House today, press secretary Karoline Leavitt said that the Donald Trump did not instruct the justice department to investigate Federal Reserve chair Jerome Powell.“The president has every right to criticize the Fed chair. He has a first amendment right, just like all of you do,” Leavitt said. “And one thing’s for sure, the president has made it quite clear, Jerome Powell is bad at his job. As for whether or not Jerome Powell if a criminal, that’s an answer for the Department of Justice.”
When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
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A perturbed Treasury Secretary Scott Bessent told President Trump late Sunday that the federal investigation into the Federal Reserve chair "made a mess" and could be bad for financial markets, two sources familiar with the call told Axios.
Why it matters: Bessent's worries about the financial fallout were somewhat realized Monday, when the dollar dropped as bond yields and the price of gold rose amid worries about political interference in the Fed.
"The secretary isn't happy, and he let the president know," one source familiar with Bessent's call to Trump told Axios.
Sunday night, Trump appeared to distance himself from the investigation of Fed chair Jerome Powell for allegedly misrepresenting the costs of renovations to the Federal Reserve's headquarters in D.C.
U.S. Attorney Jeanine Pirro's office in D.C. launched the probe without giving a heads-up to Treasury, top White House officials or the main Justice Department, sources told Axios.https://www.axios.com/2026/01/12/bessent-trump-investigation-powell-federal-reserve
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White House says Trump did not instruct DoJ to investigate Powell
Speaking to reporters outside the White House today, press secretary Karoline Leavitt said that the Donald Trump did not instruct the justice department to investigate Federal Reserve chair Jerome Powell.“The president has every right to criticize the Fed chair. He has a first amendment right, just like all of you do,” Leavitt said. “And one thing’s for sure, the president has made it quite clear, Jerome Powell is bad at his job. As for whether or not Jerome Powell if a criminal, that’s an answer for the Department of Justice.”
@wtg said in Fed Chair Powell’s statement:
White House says Trump did not instruct DoJ to investigate Powell
Speaking to reporters outside the White House today, press secretary Karoline Leavitt said that the Donald Trump did not instruct the justice department to investigate Federal Reserve chair Jerome Powell.“The president has every right to criticize the Fed chair. He has a first amendment right, just like all of you do,” Leavitt said. “And one thing’s for sure, the president has made it quite clear, Jerome Powell is bad at his job. As for whether or not Jerome Powell if a criminal, that’s an answer for the Department of Justice.”
That makes no sense whatsoever. It absolutely had to come from the oval office.
“I refuse to answer that question on the grounds that I don't know the answer”
― Douglas Adams -
@wtg said in Fed Chair Powell’s statement:
White House says Trump did not instruct DoJ to investigate Powell
Speaking to reporters outside the White House today, press secretary Karoline Leavitt said that the Donald Trump did not instruct the justice department to investigate Federal Reserve chair Jerome Powell.“The president has every right to criticize the Fed chair. He has a first amendment right, just like all of you do,” Leavitt said. “And one thing’s for sure, the president has made it quite clear, Jerome Powell is bad at his job. As for whether or not Jerome Powell if a criminal, that’s an answer for the Department of Justice.”
That makes no sense whatsoever. It absolutely had to come from the oval office.
@Mik said in Fed Chair Powell’s statement:
That makes no sense whatsoever. It absolutely had to come from the oval office.
Apparently my joke missed the mark. I was just using the Sgt Schulz gif for the Trump "denials". Comedy has never been my strong suit.
Unless you weren't referring to Stg Schulz (which I assumed you were because it was included in the quoted post), but rather only to Trump's denial.
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I love these Republicans who find their moral center and their spine only once they've committed to leaving politics ...
If Tillis finally understands the danger, he needs to to find a way to convince Murkowski, Collins, and possibly McConnell, Curtis, and Young to temporarily caucus with Democrats.
@Piano-Dad I'm waiting for the letters of concern to start flowing
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Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral argument Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.
The high court is considering whether President Donald Trump can fire Cook, as he said he would do in late August, in an unprecedented attempt to remove one of the seven members of the Fed’s governing board. Powell plans to attend the high court’s Wednesday session, according to a person familiar with the matter, who spoke on condition of anonymity.
It’s a much more public show of support than the Fed chair has previously shown Cook. But it follows Powell’s announcement last week that the Trump administration has sent subpoenas to the Fed, threatening an unprecedented criminal indictment of the Fed Chair. Powell — appointed to the position by Trump in 2018 — appears to be casting off last year’s more subdued reponse to Trump’s repeated attacks on the central bank in favor of a more public confrontation.
