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What to Know About the Criminal Investigation of Fed Chair Jerome Powell

January 12, 2026

The U. S. Department of Justice has launched a criminal investigation into Jerome Powell, the chair of the Federal Reserve, amid allegations he misled about renovations at the Fed's headquarters. Powell has publicly condemned the inquiry, suggesting it is retaliation for his refusal to adjust interest rates to align with President Trump's preferences.

What to Know About the Criminal Investigation of Fed Chair Jerome Powell

Key Highlights

Jerome Powell is under investigation by the Justice Department for alleged dishonesty regarding Fed renovations.
Powell claims the investigation is punitive for not capitulating to presidential pressure on interest rates.
The inquiry reflects tensions between the White House and the Federal Reserve's independence.

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.

What to Know About the Criminal Investigation of Fed Chair Jerome Powell

Key Highlights

Sources

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