Fitch warns on US credit risk as prosecutors investigate Federal Reserve Chair Jerome Powell
Fitch Ratings warned that central bank politicization could hurt U.S. credit as prosecutors investigate Jerome Powell over Fed refurbishment cost overruns.
Insights:
U.S. prosecutors have launched an investigation into Federal Reserve Chair Jerome Powell jerome powellregarding cost overruns associated with the refurbishment of the central bank's headquarters. The investigation, which was initiated during the week of January 15, 2026, focuses on the financial management of the project. This development comes as institutional independence remains a foundational principle of monetary policy in the US 
US, where the central bank's autonomy is seen as critical to maintaining economic stability.
US, where the central bank's autonomy is seen as critical to maintaining economic stability.
