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Trump on DOJ’s Federal Reserve probe: ‘I don’t know anything about it’

Trump denies knowledge of DOJ subpoenas targeting Federal Reserve amid investigation into office renovations and taxpayer fund misuse, following a year of administration pressure on interest rates.

  • President Donald Trump stated he knows "nothing" about the investigation into Federal Reserve Chair Jerome Powell by the Department of Justice .
  • The DOJ has served the Federal Reserve with grand jury subpoenas, indicating potential criminal charges regarding Powell's testimony before the Senate Banking Committee.
  • Jerome Powell criticized the threat of criminal charges, emphasizing that interest rates are set for the public's benefit, not the president's preferences.
  • Senator Elizabeth Warren accused Trump of abusing DOJ authorities for his interests, calling him a "wannabe dictator".
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NBC News broke the news in United States on Monday, January 12, 2026.
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