The U.S. Department of Justice is investigating Federal Reserve Chair Jerome Powell over construction cost overruns on the Fed's new building project. In a defensive statement released Sunday, Powell dismissed the inquiry as a "pretext," sparking speculation about the underlying tensions. The scrutiny centers on budget overages for the facility, raising questions about oversight and accountability within the central bank's operations. Powell's defensive posture has drawn attention from market observers monitoring how institutional credibility impacts broader financial sentiment—a factor that doesn't go unnoticed in crypto and traditional asset markets alike.