@sacramentourbanmedia916: Federal prosecutors in Washington, D.C., have launched a criminal inquiry involving Federal Reserve Chair #JeromePowell, examining the extensive renovation of the Fed’s headquarters and scrutinizing whether Powell was fully truthful when discussing the project before Congress. According to officials cited by The New York Times, which first disclosed the investigation, the probe is focused on Powell’s descriptions of the renovation’s size and cost during his congressional testimony. Powell acknowledged that the Federal Reserve has received notice related to the investigation. While emphasizing his respect for the rule of law and the importance of congressional oversight, he characterized the Justice Department’s action as unusual and driven by political considerations. In a video statement released Sunday night, Powell pushed back on the allegations, saying the investigation is not tied to his testimony last June or to the building renovations themselves. Instead, Powell suggested the threat of criminal charges stems from the Federal Reserve’s monetary policy decisions. He said the central bank has set interest rates based on what it believes is in the public’s best interest, rather than aligning with the president’s preferences.#fyp #viral

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2026-01-14 13:42:34

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