FED CHAIR JEROME H. POWELL UNDER CRIMINAL INVESTIGATION

CoinRank · 2026-01-12T05:04:41+00:00

The U.S. Attorney's Office is investigating Federal Reserve Chair Jerome H. Powell over potential discrepancies in his statements about a Federal Reserve building renovation that has significantly exceeded its budget. This scrutiny could impact market perceptions of the Fed's governance.

CoinRank

2026-01-12 05:04:41

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The U.S. Attorney’s Office for the District of Columbia has launched a criminal investigation into Federal Reserve Chair Jerome H. Powell, focusing on the accuracy of his statements and congressional testimony regarding the Federal Reserve headquarters renovation project. The project was originally budgeted at approximately $2.5 billion and is now estimated to be over budget by around $700 million. At a time when rate-cut expectations and policy credibility are highly sensitive, the investigation may further intensify market scrutiny of the Fed’s governance and transparency. #FederalReserve #Powell #CryptoNews

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