Summary
Recent polls show that Americans have a more positive view of Federal Reserve Chair Jerome Powell compared to President Donald Trump. The polls come amidst a Justice Department investigation related to Powell's testimony about Federal Reserve building renovations. Powell claims the investigation is influenced by the Fed's decision to set interest rates independently.
Key Facts
- Federal Reserve Chair Jerome Powell is viewed more positively than President Donald Trump in recent polls.
- A Gallup poll shows 44% approve of Powell's performance, while 36% approve of Trump.
- A YouGov poll shows Powell with a 37% approval rating, while Trump has a 41% approval but a 55% disapproval.
- Powell is currently facing a DOJ investigation related to his Senate testimony about Fed building renovations.
- The investigation focuses on renovations that went $600 million over budget, totaling $2.5 billion due to inflation and other factors.
- Powell claims the investigation is actually about the Fed's interest rate decisions, not the renovation costs.
- President Trump denies involvement in the investigation, stating he has no knowledge of it.
