Trump Signals U.S. Justice Department Should Continue Investigation into Powell

MaticHoleFiller · 2026-03-21T09:12:24+00:00

Trump indicates continued support for investigation into Federal Reserve Chair Powell, potentially delaying confirmation proceedings for his likely successor Kevin Warsh. The investigation focuses on expensive renovation projects at Federal Reserve headquarters.

MaticHoleFiller

2026-03-21 09:12:24

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President Trump on Thursday reiterated his support for the Department of Justice’s investigation into Federal Reserve Chair Jerome Powell—an stance that could further delay the confirmation process for his potential successor, Kevin Wirth.

Talking about Powell in the Oval Office, Trump said, “He’s under investigation because he’s building a building that costs billions of dollars over budget.”

He was referring to the ongoing renovation of the Federal Reserve’s Washington headquarters, which is reportedly the focus of a federal criminal investigation led by U.S. Attorney Jenny Piro targeting the central bank chairman.

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