Federal Reserve Chair Jerome Powell Confirmed as Subject of DOJ Criminal Investigation

Federal Reserve Chair Jerome Powell has confirmed he is under a DOJ criminal investigation, linked to grand jury subpoenas related to his Senate Banking Committee testimony on historic building renovations. Powell claims the investigation is retaliation for setting interest rates based on public interest rather than presidential preferences. The news has sparked market uncertainty.

By Richard Lawler · The Verge · January 12, 2026, 01:58 UTC

Topics: DOJ Investigation Federal Reserve Interest Rates Jerome Powell Senate Banking Committee

Read the full article at The Verge

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