Why Powell (Chair of the Federal Reserve Bank), is being investigated by the justice department
1. The probe centers on Powell’s congressional testimony about Fed headquarters renovations The Department of Justice (DOJ) has opened a criminal investigation and issued grand‑jury subpoenas concerning Powell’s June 2025 testimony to Congress about the Federal Reserve’s $2.5 billion renovation of its Washington, D.C., headquarters. Prosecutors are examining whether Powell made false or misleading statements about […]