The post Federal prosecutors open criminal investigation into Fed Chair Jerome Powell appeared on BitcoinEthereumNews.com.

The renovations to the U.S. Federal Reserve’s headquarters in Washington, D.C., raised concerns that led federal prosecutors to conduct a comprehensive investigation, consequently drawing Fed Chair Jerome Powell into a legal battle, according to insiders who wished to maintain their identities hidden, as the discussion was viewed as confidential.  These sources alleged that the U.S. attorney’s office in Washington, D.C., directed this investigation, mandating an assessment into whether Powell deceived Congress regarding the renovation details. According to the sources, this investigation was approved in November by Jeanine Pirro, United States Attorney for the District of Columbia. Powell faces a legal battle As individuals raised concerns about whether a grand jury had been established or if the Fed team had received any subpoenas, reports highlighted that federal prosecutors had reached out to the team and asked them to issue documents, sparking further discussions. Reporters sought out the White House to respond to this controversy, but the officials declined to respond. On the other hand, sources familiar with the situation revealed that Powell received several complaints of dissatisfaction from US President Donald Trump, who also demanded that the Fed chair submit his resignation from his role, further intensifying the situation. In this finding, the reporters discovered that these complaints began to heighten in July 2025. At this particular moment, Russell Vought, the Director of the United States Office of Management and Budget, issued a letter to the Fed chair. In the letter, Vought stated that Trump raised significant concerns about his management of the Federal Reserve System and the renovation of the Federal Reserve’s headquarters in Washington, D.C., alleging that this project is very costly. Following the president’s claim, this year’s budget documents indicate that the approximate cost for successfully renovating two historic buildings, particularly in Washington, has increased from the initial…

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Filed under: News - @ January 12, 2026 5:25 am