Ever since Trump announced that former Fed Governor Kevin Warsh was his nominee to lead the central bank, there was a question: Would Trump now end his feud with current Chair Jerome Powell (whom he also nominated in 2017) to clear the path for a shiny, new face behind the podium?
It seems not.
The president told Fox News in an interview published yesterday that he wouldn’t be dropping a criminal probe into Powell over renovations to the Fed building. Powell announced in January that the Department of Justice had served subpoenas on the central bank, relating to his testimony about work on the offices overlooking the National Mall.
“Don’t you think we have to find out what happened there?” the president asked Fox. “I have to find out.” He added, “I’ve held back from firing him. I’ve wanted to fire him, but I hate to be controversial, you know?”
In pursuing Powell, Trump has placed an obstacle in the path of Warsh, his own nominee.
