Justice Department Investigates Fed Chair Powell Over Building Costs
The Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell for allegedly misleading Congress about cost overruns on a building renovation project. This unprecedented move heightens concerns about the Fed's independence.
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The U.S. Justice Department has initiated a criminal investigation into Federal Reserve Chair Jerome Powell jerome powellfollowing allegations that he misled Congress about cost overruns related to a building renovation project at the central bank's headquarters. The probe marks a significant escalation in President Donald Trump donald trump's ongoing pressure campaign against the Federal Reserve, which he criticizes for not reducing interest rates quickly enough.
