The Hill
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Several Republicans Question Criminal Investigation Into Fed Chair Jerome Powell | 12:30 REPORT
Posted
January 12, 2026
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1,078
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January 12, 2026
1,078
19
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2.04%
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1:35Now PlayingThe Department of Justice’s (DOJ) new criminal investigation into Federal Reserve Chair Jerome Powell has lit up Washington. The probe will investigate whether Powell lied to Congress about the estimated $2.5 billion price tag for the Fed building’s renovation.
Powell, who argues the probe is actually because of his refusal to follow Trump’s demands on interest rates, released a remarkable on-camera statement Sunday night in which he said he’s been threatened with a criminal indictment.
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