Jan 13, 2026 · The Department of Justice launched a criminal investigation into Federal Reserve Chairman Jerome Powell. Under Powell, the Federal Reserve has navigated the economic impact of the COVID-19 pandemic, the 2021–2023 inflation surge, and global trade instability. 5B Fed HQ renovations and his refusal to lower interest rates under Trump. Here is what we know and the questions that remain. Bessent attended a tariff case. Jan 12, 2026 · The U. Jan 12, 2026 · Powell rebuked the probe as an effort to undermine the Fed's independence. His tenure saw a broad uplift in financial markets apart from two stock markets declines in 2020 and in 2022. Jan 12, 2026 · Federal prosecutors are investigating Federal Reserve Chair Jerome Powell, the latest escalation in a yearslong feud between President Donald Trump and the central bank leader Trump chose during Jan 12, 2026 · The US Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell over $2. attorney's office in the District of Columbia has opened a criminal investigation into Federal Reserve chair Jerome Powell over the central bank's renovation of its Washington .

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