Fed Chair Jerome Powell Under Criminal Investigation

Eric Mack : Jan 12, 2026
Newsmax

The inquiry, approved in November by [US Attorney Jeanine] Pirro, is examining Powell's public testimony and Federal Reserve spending records related to the renovation, which is now estimated to be $700 million over budget, with total costs nearing $2.5 billion, The New York Times reported Sunday night.

[Newsmax.com] Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations. (Screengrab image: via Federal Reserve)

"I don't know anything about it, but he's certainly not very good at the Fed, and he's not very good at building buildings," President Donald Trump told reporters...

Powell issued a statement Sunday night, respecting the investigation but vowing to "stand firm in the face of threats."... Subscribe for free to Breaking Christian News here

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