Wu Shuo has learned that Federal Reserve Chairman Powell stated in a statement on January 11 that the Department of Justice issued a grand jury subpoena to the Federal Reserve on Friday, threatening to bring criminal charges related to his Senate Banking Committee testimony in June 2025. The testimony partially concerns the years-long renovation project of the Federal Reserve's historic office building;

Powell stated that this threat is not directed at the testimony or the renovation project itself, but rather because the Federal Reserve independently sets interest rates based on economic assessments rather than following the President's preferences.