Trump says he knows nothing about Fed investigation, denies rates motive 😂

President Donald Trump denied any knowledge Sunday of the Justice Department’s investigation into the Federal Reserve and Chairman Jerome Powell.

“I don’t know anything about it, but he’s certainly not very good at the Fed, and he’s not very good at building buildings,” Trump told NBC News.

Powell stated that the Justice Department was threatening the Federal Reserve with possible criminal indictment connected to his June testimony before the Senate about the renovation of agency office buildings. However, Powell characterized the legal action as part of a broader pattern of pressure on rates from the administration.

Trump disputed this characterization, stating, “I wouldn’t even think of doing it that way. What should pressure him is the fact that rates are far too high.”

“He’s hurt a lot of people,” he added. “I think the public is pressuring him.”

The move prompted immediate backlash from Senator Thom Tillis (R-NC), a Banking Committee member who announced he would oppose confirmation of any Federal Reserve nominees until the matter is resolved.