Here is what we know and the questions that remain. Jan 12, 2026 · The U. Under Powell, the Federal Reserve has navigated the economic impact of the COVID-19 pandemic, the 2021–2023 inflation surge, and global trade instability. Jan 12, 2026 · Powell rebuked the probe as an effort to undermine the Fed's independence. S. attorney's office in the District of Columbia has opened a criminal investigation into Federal Reserve chair Jerome Powell over the central bank's renovation of its Washington Under Powell, the Federal Reserve has navigated the economic impact of the COVID-19 pandemic, the 2021–2023 inflation surge, and global trade instability. Jan 13, 2026 · The Department of Justice launched a criminal investigation into Federal Reserve Chairman Jerome Powell. Powell revealed the investigation on Jan 12, 2026 · Powell said the investigation is political retaliation for the Federal Reserve refusing to bow to Trump. . 5B Fed HQ renovations and his refusal to lower interest rates under Trump.

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