Trump Says Criminal Probe Into Fed Chair Powell Should Continue Despite GOP Opposition

President Trump said on Feb. 3 that the criminal investigation into Federal Reserve Chair Jerome Powell should proceed and would not be halted due to objections from within the Republican Party, BlockBeats reports. Republican Senator Thom Tillis had warned he would oppose any new Fed chair nominee, potentially stalling Kevin Warsh's nomination, if the probe is not concluded. Trump stated at the White House that federal prosecutor Jeanine Pirro, who is overseeing the case, should "find out the facts and reach a conclusion"; Powell has confirmed he is under criminal investigation and argued the accusations stem from the Fed not cutting rates as quickly as Trump wanted, stressing that interest-rate decisions are made in the public interest, with the probe centering on a costly renovation project at the Fed's headquarters and Powell's term ending in May.