President Trump criticized Jerome Powell, the head of the Federal Reserve, calling him 'incompetent' or 'corrupt', while the criminal investigation against him provokes negative reactions.

Donald Trump has launched new attacks against Federal Reserve Chairman Jerome Powell, accusing him of incompetence and corruption, in the context of a criminal investigation initiated by the Department of Justice. Trump emphasized that the renovation of the Fed's headquarters, a costly project, is an example of mismanagement of the budget. Criticism of the investigation has increased, including from political leaders and the financial sector, who underline the importance of the Fed's independence. Jamie Dimon, CEO of JPMorgan Chase, warned that political interference could negatively affect the economy, and Senator John Kennedy mentioned that a conflict between the Fed and the White House could lead to an increase in interest rates. Despite the criticism, federal prosecutor Jeanine Pirro stated that the investigation will continue, emphasizing that authorities have not received responses from the Fed to their requests.