Trump Calls for Powell Investigation to Be "Carried to the End"
US President Donald Trump said the investigation into Federal Reserve Chairman Jerome Powell should be "carried to the end." The statement, made on Monday (February 2, 2026), signaled Trump's support for the investigation to continue until a final conclusion.
The case relates to a criminal prosecution by the US Department of Justice that has focused on the proposed central bank headquarters building project—an issue that has recently become a source of tension between Trump and Powell. Reports have suggested the focus will be on the escalating cost of the reconstruction and whether any statements were considered encouraging during testimony to Congress.
Powell, for his part, has called the threat of criminal proceedings a "pretext" to suppress the central bank's independence, particularly since the Fed continues to base interest rate decisions on economic assessments—not political preferences.
The investigation has also sparked a backlash: some believe legal pressure on the Fed Chairman could undermine market confidence in the independence of monetary policy. There are even reports that criticism is coming not only from outside sources, but also from some political circles and former central bank officials.
While Trump is now pushing for the investigation to be "carried to the end," he has previously stated that he has no immediate plans to fire Powell amid the investigation. The market will typically weigh two factors: the outcome of the case and whether the political tensions will alter expectations for the Fed's interest rate. (asd)
Source: Newsmaker.id
