Fed Reserve under fire: DOJ opens criminal investigation into Jerome Powell
January 12, 2026
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7:26Now PlayingFed Reserve under fire: DOJ opens criminal investigation into Jerome Powell
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as posted by the channelThe Department of Justice has opened a criminal investigation into Federal Reserve Chairman Jerome Powell.
The U.S. attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on the renovation of the central bank’s Washington headquarters and whether he was truthful in his congressional testimony about the project, according to a report by The New York Times.
Barron's Senior Writer Nicole Goodkind joins LiveNOW's Mike Pache to discuss the latest.
The renovation of the Fed’s two main office buildings in Washington’s Foggy Bottom neighborhood is estimated to cost $2.5 billion and is being funded by the central bank itself, not by taxpayers.
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