Story perspectives

Senate Leaders Urge End to Powell Investigation Amid Trump Threat

4/16/2026

Summary

Story summary

Senate Majority Leader John Thune urged U.S. President Donald Trump’s administration to end the Justice Department’s investigation of Federal Reserve Chairman Jerome Powell.
The investigation intensified with a surprise site visit, centering on Powell allegedly lying to Congress about renovation costs.
Sen. Thom Tillis plans to block Trump’s nominee Kevin Warsh until the DOJ provides evidence or ends the investigation.
Trump threatened to fire Powell if he does not resign.

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Story summary

Senate Majority Leader John Thune urged U.S. President Donald Trump’s administration to end the Justice Department’s investigation of Federal Reserve Chairman Jerome Powell.
The investigation intensified with a surprise site visit, centering on Powell allegedly lying to Congress about renovation costs.
Sen. Thom Tillis plans to block Trump’s nominee Kevin Warsh until the DOJ provides evidence or ends the investigation.
Trump threatened to fire Powell if he does not resign.