US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025.
Saul Loeb | AFP | Getty Images
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.
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