Key Highlights
- The DOJ's investigation focuses on possible misuse of taxpayer dollars related to Powell's actions.
- Trump has consistently threatened to replace Powell and has been vocal about his dissatisfaction with the Fed's policies.
- Powell denies any wrongdoing and suggests the investigation is a form of political retaliation.
- The investigation was announced following Powell's Senate testimony in June.
- Trump stated he had no prior knowledge of the DOJ's subpoenas.
