President Trump has bought over $82 million worth of debt securities since August, with $51 million purchased between mid-November and late December. JPMorgan CEO warns that Trump’s legal war against the Fed Chair could destabilize markets Trump is investing in.

Trump has made 189 separate bond purchases, targeting companies like Netflix, General Motors, and CoreWeave Inc. These investments align with administration priorities, such as potential antitrust reviews and manufacturing moves back to the U.S.

In addition to his bond purchases, Trump holds debt in Boeing Co., a company he has championed for its foreign sales. His strategy of doubling down on certain corporations reflects his administration’s priorities and interests.

As Trump accumulates debt in a low-interest rate environment, the DOJ’s probe into Fed Chair Powell may inadvertently drive rates higher. JPMorgan’s CEO warns that the investigation could lead to increased inflation expectations and higher rates over time.

The DOJ’s subpoenas regarding the Fed’s renovation costs, targeting Powell, are seen as political retaliation. Powell, whose term ends in May, dismisses the inquiry as a pretext for the President’s dissatisfaction with interest rate policies.

Read more at Yahoo Finance: Trump Loads Up On $51 Million In Bonds As Markets Brace For Jerome Powell Showdown