Trump Denies Link to Federal Reserve Probe, Slams Chair Jerome Powell

• US President Donald Trump denied knowledge of the Justice Department's investigation into the Federal Reserve's $2.25 billion HQ renovation.
• Trump criticized Federal Reserve Chair Jerome Powell, calling him "not very good at the Fed" and questioning his oversight of the renovation.
• Powell labeled the criminal probe a 'pretext' and linked it to the administration's pressure over interest rate policy.
• Powell stated the investigation is a consequence of the Fed setting interest rates independently, not based on political preferences.
• Congressional figures like Senator Thom Tillis and Senator Elizabeth Warren expressed strong concerns about the probe's implications for Fed independence.

Why It Matters: Trump denies involvement in the Federal Reserve probe, while Powell views it as political pressure over interest rates.