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The Economic Times

Top News / The Economic Times

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US federal prosecutors open inquiry into Fed chair Powell

A criminal investigation has been launched by the U.S. attorney's office in Washington D.C. into Federal Reserve Chair Jerome Powell. The inquiry focuses on the central bank's headquarters renovation and allegations that Powell misled Congress regarding the project's scope. Officials briefed on the matter confirmed the investigation, which includes reviewing Powell's statements and spending records.

12 Jan 2026 6:01 am