2026-01-12 08:30:10

Federal prosecutors have launched an investigation into Federal Reserve Chair Jerome Powell concerning a $2.5 billion renovation project at the Fed's headquarters. The probe specifically examines Powell's related testimony before Congress regarding the capital improvements initiative. This development carries significant implications for monetary policy transparency and governance oversight at the nation's central banking institution. Market participants are closely monitoring the investigation's potential impact on Fed decisions and communications.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
4
Repost
Share

Comment

0/400

LiquidityNinja

· 01-12 08:52

Wow, Powell is going to be investigated this time? The $2.5 billion renovation project still has to testify before Congress. What is going on?

View OriginalReply0

MiningDisasterSurvivor

· 01-12 08:46

Here we go again, is the central bank doing the same? I've been through this before, back in 2018, all the big shots were investigated in the same way. And in the end? They still printed money and continued to profit. This $250 million renovation project is simply a power game. Do they really think that investigating and questioning testimonies can change anything? I doubt it.

View OriginalReply0

RooftopReserver

· 01-12 08:34

Powell playing this move? The $2.5 billion renovation project still needs to verify testimonies? The Federal Reserve is about to cool down.

View OriginalReply0