Trump Doubles Down on Powell Attack, Calls Fed Chair 'Crooked' Amid DOJ Probe

• President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell, labeling him "incompetent" or "crooked."
• Trump's remarks came amidst a Department of Justice criminal investigation into Powell, specifically regarding cost overruns in the Fed's Washington headquarters renovation.
• The US Attorney's Office reportedly contacted the Federal Reserve multiple times about cost overruns and Powell's congressional testimony, leading to legal action.
• Powell claimed the DOJ threatened a "criminal indictment" and issued grand jury subpoenas following his Senate testimony on the central bank's renovations.
• Bipartisan criticism of the investigation and support for the Fed's independence are growing, with figures like JPMorgan Chase CEO Jamie Dimon emphasizing its importance.

Why It Matters: Trump escalates attacks on Fed Chair Powell, calling him 'crooked' amid a DOJ probe into Fed renovations.