Trump: I have no knowledge of the investigation into Powell; his performance at the Federal Reserve is not outstanding.

Foresight News reports that, according to NBC, Trump stated in a phone interview that he has no knowledge of the Department of Justice investigation and once again criticized Powell. “I have no idea about this, but he clearly isn’t doing a good job at the Federal Reserve, and he’s not doing a good job with the building either.” When asked how he would respond to Powell’s statement that the subpoena was government pressure on the Federal Reserve to cut interest rates, Trump said, “No, I wouldn’t even consider using that approach. The real pressure he faces is the reality of high interest rates. That’s the only pressure he faces.”

Previously, according to The New York Times, U.S. federal prosecutors have launched an investigation into Powell regarding the renovation of the Federal Reserve headquarters.