### Trump Maintains Support for Fed Chair Powell Amid DOJ Investigation In a recent interview, President Donald Trump stated that he has no plans to remove Jerome Powell, the Chair of the Federal Reserve, despite an ongoing criminal investigation by the Department of Justice (DOJ). Trump emphasized that he believes a president should have a say in Federal Reserve policy, but he is currently not considering Powell's dismissal. This announcement comes amidst heightened speculation regarding the independence of the Federal Reserve under Trump's administration and the implications of the DOJ's investigation into Powell's conduct related to a significant renovation project at the Fed's headquarters [https://finance.yahoo.com/news/trump-tells-reuters-no-plans-020153759.html][https://www.tbsnews.net/worldbiz/usa/trump-says-he-has-no-plan-fire-feds-powell-despite-investigation-1334636]. ### Structure of the Response 1. **Current Stance on Powell's Position** - Trump has publicly stated he has no immediate plans to fire Powell, despite the ongoing investigation [https://cryptobriefing.com/us-government-no-plan-remove-powell-investigation]. - He indicated that it is "too soon" to rule out any future actions regarding Powell's position [https://www.benzinga.com/news/politics/26/01/49927083/trump-rules-out-powells-removal-despite-doj-probe-too-soon-too-early]. 2. **Context of the Investigation** - The DOJ is investigating Powell over cost overruns related to a $2.5 billion renovation project at the Federal Reserve's headquarters [https://advisorsindia.in/trump-says-he-has-no-plan-to-fire-us-fed-chief-jerome-powell-despite-investigation]. - Trump's administration has faced criticism regarding its approach to the Federal Reserve and its leadership [https://www.devdiscourse.com/article/politics/3770027-trump-stands-firm-amid-controversy-over-federal-reserve-chair-jerome-powell]. 3. **Potential Successors and Future Considerations** - Trump hinted at possible successors for Powell, including former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett [https://www.businesstoday.in/world/us/story/amid-doj-probe-trump-says-he-has-no-plan-to-fire-fed-chief-powell-for-now-510997-2026-01-15]. - This suggests that while he supports Powell for now, he is contemplating future changes in leadership at the Federal Reserve [https://insidebitcoins.com/news/trump-says-he-has-no-plans-to-fire-fed-chair-powell-despite-doj-investigation]. ### Supporting Evidence and Data - **Statements from Trump**: - "I don't have any plan to do that," referring to Powell's removal [https://finance.yahoo.com/news/trump-tells-reuters-no-plans-020153759.html]. - "A president should have something to say" about Fed policy, indicating his ongoing interest in the Fed's direction [https://www.moneycontrol.com/world/trump-says-no-plans-to-remove-fed-s-jerome-powell-claims-to-understand-biz-better-than-too-late-powell-article-13773817.html]. - **Investigation Details**: - The DOJ's investigation focuses on financial mismanagement related to a major renovation project, which has raised questions about Powell's leadership [https://advisorsindia.in/trump-says-he-has-no-plan-to-fire-us-fed-chief-jerome-powell-despite-investigation]. ### Conclusion In summary, **President Trump has reaffirmed his support for Jerome Powell as the Chair of the Federal Reserve**, stating he has no immediate plans to remove him despite an ongoing DOJ investigation. This situation reflects the complexities surrounding the Federal Reserve's independence and the potential for future leadership changes. 1. Trump currently supports Powell, stating no plans for removal. 2. The DOJ investigation centers on financial mismanagement at the Fed. 3. Future leadership changes may be considered, with potential successors already mentioned. This situation underscores the delicate balance between political influence and the operational independence of the Federal Reserve [https://blockonomi.com/trump-confirms-jerome-powell-will-stay-in-position-amid-doj-probe].