00:00President Trump doubled down on his support for the DOJ criminal investigation into Federal Reserve Chair Jerome Powell on Thursday.
00:07Claiming the Fed's roughly $2.5 billion headquartered renovation, which Trump repeatedly and inaccurately inflated to $4 billion, is evidence
00:17of potential criminality.
00:18Trump unleashed a fresh round of personal attacks on Powell in the Oval Office, calling him stubborn, incompetent, and demanding
00:26immediate rate cuts.
00:27While Powell has maintained the investigation is retaliation for his refusal to cut rates on Trump's timeline.
00:34A federal judge last week blocked grand jury subpoenas tied to the probe, ruling there was a mountain of evidence
00:41suggesting the government used them to pressure Powell into cutting rates or resigning, a ruling the DOJ's Jeanine Pirro vowed
00:48to appeal.
00:49The ongoing probe is also creating a political logjam for Powell's would-be successor, Kevin Warsh, with Senator Tom Tillis
00:57vowing to block Warsh's confirmation from advancing through the Senate Banking Committee until the DOJ drops its investigation entirely.
01:05For more information on the other than the DOJ's l muss, Kevin Warsh, with Senator Tom Tillis vowing to block
01:05Warsh, with Senator Tom Tillis vowing to block Warsh's confirmation from the ADA Banking Committee.
01:05For more information on the other than the DOJ's will be selected, Kevin Warsh has not been upgraded, but his
01:06policy will continue to pay him by the Bureau ofographic comments.
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