CRBC News
Politics

Trump Open To Outside Probe Of Federal Reserve Renovation, Calls It "Pretty Easy"

Trump Open To Outside Probe Of Federal Reserve Renovation, Calls It "Pretty Easy"

President Trump said he would accept an outside investigation into the Federal Reserve’s renovation after calls from Republicans to drop the current federal prosecutors’ probe. Asked at the White House whether an inquiry outside the Justice Department could provide answers, he replied it was "pretty easy." Senators and Treasury Secretary Scott Bessent have suggested congressional investigations as an alternative to U.S. Attorney Jeanine Pirro’s probe to allow Sen. Thom Tillis to lift his hold on Kevin Warsh’s nomination. Trump also criticized Fed Chair Jerome Powell’s handling of interest rates.

President Donald Trump indicated he would accept an investigation into the Federal Reserve’s renovation conducted by an entity outside the Justice Department, after Republican pressure to drop the current federal prosecutors’ probe.

When asked by Semafor at the White House on Thursday whether someone outside the Department of Justice could uncover the answers he seeks, Trump replied:

"[They] could. I mean, look, it’s pretty easy."

Senators — joined by Treasury Secretary Scott Bessent — have proposed congressional investigations as an alternative to U.S. Attorney Jeanine Pirro’s inquiry. That option has been floated in part to enable Sen. Thom Tillis (R-N.C.) to lift his hold on Kevin Warsh’s nomination.

Reflecting on his own visit to the renovation, Trump said he wanted to know "what went wrong":

"It was beautiful, and they ripped it down, and probably because it cost so much to fix it."

While Trump did not explicitly name Federal Reserve Chair Jerome Powell in connection with the renovation, he criticized Powell’s policy record, adding: "On top of that, he’s been terrible on interest rates."

The exchange underscores ongoing political pressure around the Fed renovation and the broader confirmation fight over Warsh’s nomination, with lawmakers exploring alternate oversight routes outside the Justice Department.

Help us improve.

Trending