Economy

U.S. Fed chair Powell under investigation

January 12, 2026

The U. S. Federal Reserve has confirmed that federal prosecutors are investigating Chair Jerome Powell in connection with a multi-billion-dollar renovation project for the Fed's headquarters. Powell revealed that the Department of Justice served grand jury subpoenas, suggesting potential criminal charges related to his Senate testimony last June.

Central India's Premier English Daily

Credit: Centralchronicle

Key Highlights

Federal prosecutors are investigating Jerome Powell over a renovation project.
The investigation involves grand jury subpoenas from the Department of Justice.
Powell's testimony before the Senate Banking Committee is a focal point of the inquiry.
The investigation is seen by Powell as part of broader administrative pressures.

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U.S. Fed chair Powell under investigation

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

U.S. Fed chair Powell under investigation

Key Highlights

Sources

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