Fed Chair Powell under criminal probe by federal prosecutors: Report
Published Sun, Jan 11 20267:32 PM ESTUpdated 2 Min Ago
Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, The New York Times reported on Sunday evening, citing officials briefed on the matter.
The probe is eyeing “the central bank’s renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project,” the Times reported, citing those officials.
The investigation is being overseen by the U.S. Attorney’s Office for the District of Columbia, according to the newspaper.
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