President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.

President Donald Trump wants to juice the economy with dramatically lower interest rates, to take credit for a booming stock market and, perhaps most of all, for his handpicked Fed chair to get off the stage.

Jerome Powell says the criminal investigation centers on a June Senate hearing, where he got into a heated exchange over the Fed's renovation plans.

The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has the White House in damage-control mode.