US President Donald Trump has denied instructing the Justice Department to launch an investigation into Federal Reserve Chair Jerome Powell, despite criticism from lawmakers and economists. Speaking to reporters outside the White House, Press Secretary Karoline Leavitt said that "the president has every right to criticize the Fed chair" but also emphasized that any questions about Powell's fitness for office should be addressed by the Department of Justice.
The move is seen as a response to widespread criticism from lawmakers and economists who have accused Trump of attempting to exert pressure on the Federal Reserve, which could undermine its independence and destabilize financial markets. Economists have warned that Trump's attempts to influence the Fed could lead to inflation and trigger a global backlash in financial markets.
Treasury Secretary Scott Bessent reportedly told Trump on Sunday that the investigation into Powell "made a mess" and could be bad for financial markets, according to Axios sources. The White House has denied that Trump instructed the Justice Department to launch an investigation, with Leavitt saying that any questions about Powell's fitness for office should be addressed by the Department of Justice.
The controversy surrounding the investigation into Powell comes as the US president continues to threaten to annex Greenland, which could have significant implications for Nato and the global order. Democratic Senator Chris Coons is leading a congressional delegation to Copenhagen, Denmark this week to meet with politicians from the Danish parliament's Greenland committee.
In other news, Venezuelan opposition leader María Corina Machado is scheduled to meet with Trump on Thursday, despite the US president dismissing her bid for support within Venezuela. The meeting has raised questions about the future governance of Venezuela, which has been in crisis since Nicolas Maduro was captured by US forces last year.
As tensions between the US and Russia continue to rise, Nato Secretary-General Mark Rutte said that the organization is working on ways to bolster Arctic security, following Trump's threat to annex Greenland. The Danish government has also stated that it "cannot under any circumstances accept" Trump's desire to take control of Greenland, which is covered by many of its protections since Denmark belongs to both Nato and the EU.
Overall, the controversy surrounding the investigation into Powell highlights the ongoing tensions between the US and the Federal Reserve, as well as the threat posed by China and Russia in the Arctic region.
The move is seen as a response to widespread criticism from lawmakers and economists who have accused Trump of attempting to exert pressure on the Federal Reserve, which could undermine its independence and destabilize financial markets. Economists have warned that Trump's attempts to influence the Fed could lead to inflation and trigger a global backlash in financial markets.
Treasury Secretary Scott Bessent reportedly told Trump on Sunday that the investigation into Powell "made a mess" and could be bad for financial markets, according to Axios sources. The White House has denied that Trump instructed the Justice Department to launch an investigation, with Leavitt saying that any questions about Powell's fitness for office should be addressed by the Department of Justice.
The controversy surrounding the investigation into Powell comes as the US president continues to threaten to annex Greenland, which could have significant implications for Nato and the global order. Democratic Senator Chris Coons is leading a congressional delegation to Copenhagen, Denmark this week to meet with politicians from the Danish parliament's Greenland committee.
In other news, Venezuelan opposition leader María Corina Machado is scheduled to meet with Trump on Thursday, despite the US president dismissing her bid for support within Venezuela. The meeting has raised questions about the future governance of Venezuela, which has been in crisis since Nicolas Maduro was captured by US forces last year.
As tensions between the US and Russia continue to rise, Nato Secretary-General Mark Rutte said that the organization is working on ways to bolster Arctic security, following Trump's threat to annex Greenland. The Danish government has also stated that it "cannot under any circumstances accept" Trump's desire to take control of Greenland, which is covered by many of its protections since Denmark belongs to both Nato and the EU.
Overall, the controversy surrounding the investigation into Powell highlights the ongoing tensions between the US and the Federal Reserve, as well as the threat posed by China and Russia in the Arctic region.
So Trump is denying telling the Justice Department to investigate Powell but I'm not buying it 
. This whole thing reeks of Trump trying to exert pressure on the Fed again and it's just going to lead to more inflation and market instability 
. And now we're worried about him annexing Greenland? Like, what's next? 
The fact that Treasury Secretary Bessent was apparently telling Trump this is just a huge red flag 
. And let's not forget that Trump is meeting with María Corina Machado despite dismissing her support in Venezuela... what's the real agenda here? 
This whole situation just makes me think Trump is more interested in being a strongman than actually leading the country effectively 
.
like whats next is he gonna tell the FBI what to do or something? 
i mean come on, you can't just threaten a chair of the fed and expect everyone to chill 
it's like playing with fire and expecting nobody to get burned 
is trump trying to make a power play or somethin'? 
. Can't we all just get along? 
