Sen. Elizabeth Warren says Trump is using DOJ pressure against Fed chair Jerome Powell

Sen. Elizabeth Warren said President Trump has repeatedly tried to control the Federal Reserve and that recent actions appear to involve the Department of Justice pressuring Fed Chair Jerome Powell; she said she supports protecting Fed independence.

Sen. Elizabeth Warren addressed a federal inquiry involving Federal Reserve Chair Jerome Powell and a video he released. She said the administration has sought to influence the Fed and has repeatedly pushed against its independence. Warren described the latest developments as the Department of Justice being used to pressure Powell. She also said she has disagreed with Powell on policy but is defending the institutional process. Known details: - A federal investigation into Federal Reserve Chair Jerome Powell and a video he released was reported. - Sen. Elizabeth Warren said President Trump has tried to control the Fed and has publicly discussed replacing its leadership. - Warren noted past actions she attributed to the president, including attempts or threats to remove officials such as Powell and Lisa Cook. - Warren said she opposes using executive pressure or the Department of Justice to influence Fed decision-making and emphasized protecting Fed independence. Summary: Warren stated that the president has repeatedly tried to influence the Federal Reserve and that recent events look like an attempt to use the DOJ to pressure Jerome Powell. A federal inquiry is reported as ongoing. Undetermined at this time.