Trump: I know nothing about Powell being investigated; his work at the Federal Reserve has not been outstanding.

Foresight News reported, citing NBC, that Trump stated in a phone interview that he knew nothing about the Department of Justice investigation and once again criticized Powell. "I know nothing about this matter, but he is obviously not doing a good job at the Federal Reserve, nor is he doing a good job with the building project." When asked how he would respond to Powell's claim that the subpoena was government pressure on the Federal Reserve to cut interest rates, Trump said, "No, I wouldn't even consider doing it that way. The real pressure on him should be the reality of interest rates being too high. That's the only pressure he faces."

Previously, according to The New York Times, U.S. federal prosecutors have launched an investigation into Powell regarding the renovation project at the Federal Reserve headquarters.