Economy

US Federal Reserve chair says DOJ has threatened criminal indictment – video

January 12, 2026

Federal Reserve Chair Jerome Powell revealed that the Department of Justice has threatened him with a criminal indictment concerning his testimony about a renovation project. He claims this investigation is a tactic by President Trump to exert pressure on the Fed to reduce interest rates.

US Federal Reserve chair says DOJ has threatened criminal indictment – video

Credit: Theguardian

Key Highlights

Jerome Powell faces a criminal investigation by the Department of Justice.
The probe relates to testimony he provided about a Federal Reserve building renovation.
Powell alleges the investigation is politically motivated by President Trump's campaign.
Grand jury subpoenas have been issued as part of the investigation.

Trump administration US news US politics World news US economy Federal Reserve Jerome Powell

Sources

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.

US Federal Reserve chair says DOJ has threatened criminal indictment – video

Key Highlights

Sources

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