US Media: Powell Under Investigation, Focus on Federal Reserve Building Renovation Project

PANews, January 12 – According to Golden Ten Data citing The New York Times, sources revealed that the U.S. Attorney’s Office for the District of Columbia has launched a criminal investigation into Federal Reserve Chairman Jerome Powell, involving the renovation project at the Federal Reserve headquarters and whether Powell made false statements to Congress regarding the scale of the project. The investigation includes an analysis of Powell’s public statements and a review of related expenditure records, and was approved in November last year. The approval came from the head of the office, Jeanine Pirro, a longtime ally of Trump. It is currently unclear whether Pirro has convened a grand jury or issued subpoenas. However, according to one official, prosecutors from her office have contacted Powell’s staff multiple times, requesting documents related to the renovation project. Trump has long criticized Powell for refusing to make deep interest rate cuts as he requested, threatened to remove him from office, and even vowed to sue over the $2.5 billion Federal Reserve renovation project, claiming Powell is “incompetent.”