00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump signaled continued support for a Department of Justice investigation
00:06into Federal Reserve Chair Jerome Powell, according to CNBC.
00:10The president's stance could delay Kevin Warsh's confirmation as successor.
00:14Trump claimed renovation costs for Federal Reserve buildings reached $4 billion,
00:19though the total is roughly $2.5 billion and alleged possible criminality tied to contractors.
00:25Powell said the investigation was retaliation for refusing to lower interest rates
00:30as much or as quickly as Trump demanded.
00:33A federal judge blocked subpoenas tied to the investigation,
00:36citing evidence of pressure on the federal U.S. attorney Janine Pirro vowed to appeal the ruling.
00:42Powell said he will remain on the Fed's board until the investigation is fully resolved.
00:46For all things money, visit Benzinga.com.
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