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<!–> President Donald Trump threatened to sue Federal Reserve Chair Jerome Powell over the central bank’s costly renovation project. 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…

Prosecutors are looking closely at whether Powell gave misleading information to Congress about the project’s true scale. During a congressional hearing in June, Powell denied claims that the renovation included luxury features such as private elevators, VIP dining rooms, new marble fittings, and rooftop terraces.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powellsaid Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations. The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency he…

Washington  —  Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about the central bank’s $2.5 billion renovation of its headquarters in Washington, DC, The stunning action against the independent Federal Reserve was met with an equally extraordinary statement posted by Powell in a video…

Federal Reserve Chair Jerome Powell revealed Sunday night that federal prosecutors have launched a criminal investigation involving his actions. In a recorded statement released on the Federal Reserve’s official X account, Powell said the Justice Department delivered grand jury subpoenas to the Fed late last week, signaling the possibility of criminal charges tied to his…

President Trump and Federal Reserve chairman Jerome Powell toured the central bank’s headquarters last summer. Trump has complained about cost overruns on the central bank’s renovation project, while also pressing the Fed to cut interest rates more aggressively. Andre Caballero-Reynolds/AFP hide caption toggle caption Andre Caballero-Reynolds/AFP The Justice Department has subpoenaed the Federal Reserve for…

Federal Reserve Chair Jerome Powell said Sunday that the Justice Department subpoenaed the central bank Friday with the threat of a criminal indictment, the latest move in a yearlong pressure campaign from the Trump administration. Powell said the threatened indictment related to his testimony before the Senate in June about the renovation of Federal Reserve…

Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. U.S. Federal Reserve Chair Jerome Powell said on Sunday the Trump administration had threatened him with a criminal indictment and served…

US Federal Reserve Board Chairman Jerome Powell blasted the subpoena as Trump’s pressure campaign for another rate cut (SAUL LOEB) Asian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence. Fed Chair Jerome Powell confirmed the…

The S&P 500 does not stay the same. It never has. Companies enter, companies leave. Some grow fast and earn a spot, while others shrink, merge, go private, or collapse. Stability is not how this index works. So perhaps this churn helps explain how the market behaves over time. Prices can rise while the lineup…