"Trump stated, 'It's more than a criminal probe. It's a criminal probe, I guess, but it's also a probe on incompetence,' criticizing the Fed's renovation costs and comparing them to his own projects."
"'They're going to spend maybe $4 billion and, you know what, I'm not sure the thing is ever going to open!' Trump expressed skepticism about the Fed's renovation project."
"'I do, but does that mean we stop a probe of a building that I would have done for $25 million, that's going to cost maybe $4 billion?' Trump questioned the necessity of the investigation."
Trump warned he would fire Powell if he does not step down when his term ends in May. Powell is under a DOJ investigation regarding his congressional testimony about the Fed's renovations. This investigation has stalled Trump's nomination of Warsh to lead the Fed. Trump criticized the Fed's renovation costs, claiming he could have completed it for significantly less. He expressed frustration over the probe's impact on his plans and indicated he would not end the investigation despite its implications for Powell's position.
Read at www.mediaite.com
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