Trump denies involvement in the Department of Justice investigation, but what has he been doing lately?

According to the latest news, Trump stated that the Department of Justice’s investigation of Federal Reserve Chair Powell is unrelated to interest rates, and denied his involvement in the subpoena issued by the Department of Justice to the Federal Reserve. This statement seems simple, but when combined with a series of recent actions by Trump, it reveals a more complex political game.

Trump’s “Denial” and His “Actions”

Trump’s remarks do appear somewhat contradictory. According to recent reports, he has been actively pressuring the Federal Reserve to maintain low interest rates. Specifically, he has demanded that Fannie Mae and Freddie Mac purchase $200 billion in mortgage-backed securities, which is his latest move to suppress key market interest rates and exert pressure on the Fed.

Background of the Department of Justice Investigation

The Department of Justice’s investigation into Powell is likely related to Trump’s pressure on the Federal Reserve. As President, Trump wants the Fed to keep interest rates low to support economic growth and stock market performance. However, the independence of the Federal Reserve is supposed to be unaffected by direct presidential intervention. The DOJ’s investigation may be aimed at verifying whether Trump exerted improper pressure.

Trump’s Denial Strategy

Trump’s denial of involvement in the DOJ’s subpoena may be an attempt to distance himself. Such denials are common in politics, even if he is indeed applying pressure on the Fed through other means. He might be distinguishing between “expressing policy positions” and “improper interference”—the former being within the President’s powers, while the latter could be the concern of the DOJ.

Broader Political Context

This incident needs to be understood within the current political situation of Trump. According to the latest data, the probability of Trump being impeached again during his term has risen to 57%, a new high. Against this backdrop, his pressure on the Fed and the DOJ’s investigation have become part of the political struggle.

Summary

Trump’s denial of the DOJ investigation contrasts interestingly with his recent overt pressure on the Federal Reserve. This reflects the tense balance of power in current American politics— the President seeks to influence Fed policy, the DOJ monitors whether this oversteps boundaries, and Trump defends his actions. Regardless of the investigation’s outcome, it indicates that the independence of the Federal Reserve is becoming a focal point in U.S. political discourse.