Welcome to The Beat. I'm Ari Melbert. The top story from Washington Wall Street is the Trump

administration probing Fed Chair Jerome Powell, a blatant abuse of power coming after months of

clashes where Trump presented that Powell is upholding his oath to keep the Fed independent,

and also standing up to a lot of White House pressure. We're never going to be influenced by any political pressure.

I don't think he's doing the job.

He's too late, always too late.

It's slow, and I'm not happy with him.

It looks like it's about $3.1 billion,

went up a little bit or a lot.

So the 2.7 is now 3.1.

I'm not aware of that.

Yeah, it just came out.

Yeah, I haven't heard that from anybody the Fed.

I let him know it, and if I want him out, he'll be out of there real fast, believe me.

The threat of criminal charges is a consequence of the Federal Reserve setting interest rates

based on our best assessment of what will serve the public, rather than following the preferences

of the president.

That's part of how we got here tonight. The Trump DOJ's probe is very thin.

It chases a theory that maybe Powell

misstated details of the federal government renovations. You saw them touring that there.

And that he also did so in a manner that would become a federal crime, which is just unlikely

at best. This is drawing even more pushback than other Trump revenge cases because financial

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