U.S. DOJ opens criminal probe into Fed Chair Jerome Powell

https://crypto.news/u-s-doj-criminal-probe-fed-chair-jerome-powell-2026/

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  1. tldr; The U.S. Department of Justice has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on whether he misled Congress about a $2.5 billion renovation project during his 2025 Senate testimony. Powell claims the probe is politically motivated, tied to his monetary policy decisions that conflicted with former President Trump’s demands for faster interest rate cuts. The investigation has sparked concerns over the Federal Reserve’s independence, with bipartisan backlash warning of potential political interference in central bank operations.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.