Federal Prosecutors Open Investigation Into Fed Chair Powell The New York TimesStatement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)Morning Bid: Powell's punch back jolts markets ReutersTrump denies involvement in DOJ's Fed subpoenas: 'I don't know anything about it' NBC NewsDOJ subpoenas Federal Reserve in escalating pressure campaign
The Justice Department has subpoenaed the Fed over chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an "unprecedented" criminal indictment against him over cost overruns for the renovation of the Fed's headquarters building.
