DOJ launches criminal investigation into Jerome Powell
The Department of Justice has opened a criminal examination into Federal Reserve Chairman Jerome Powell,who said in a Sunday statement that the Fed recently received grand jury subpoenas. The probe centers on testimony he gave to the Senate about renovation costs for the Federal Reserve’s Washington, D.C.,headquarters. The report, published by the Washington Examiner, notes Powell has been a frequent target of President Donald Trump over interest-rate decisions; the outlet describes the matter as a breaking story.
DOJ launches criminal investigation into Jerome Powell
The Department of Justice has launched a criminal investigation into Federal Reserve Chairman Jerome Powell.
Powell confirmed the investigation into him in a statement on Sunday, saying the Federal Reserve recently received grand jury subpoenas. The investigation is related to testimony he gave to the Senate surrounding renovation costs of the Federal Reserve headquarters building in Washington, D.C.
Powell has been a near-constant target of President Donald Trump, with the president lamenting him not lowering interest rates sooner.
This is a breaking story.
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