US_ DOJ Opens Criminal Investigation Into Fed Chair Powell

THE EPOCH TIMES

DOJ Opens Criminal Investigation Into Fed Chair Powell

Jerome Powell suggests the probe is about interest rates—not his testimony or renovation.

Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times

Andrew Moran
1/11/2026|Updated: 1/12/2026


Federal Reserve Chair Jerome Powell said the U.S. central bank was served with grand jury subpoenas by the Department of Justice on Jan. 9.

In a statement late Jan. 11, Powell confirmed that officials threatened a criminal indictment over his Senate Banking Committee testimony in June 2025. That testimony, Powell noted, “concerned in part a multi-year project to renovate historic Federal Reserve office buildings.”

The central bank chief dismissed the idea that this criminal probe was driven by his testimony or the renovation. 

“I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law,” Powell said. “But this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.” “Those are pretexts,” he continued. “The threat of criminal charges is a ...

READ MORE: https://www.theepochtimes.com/us/justice-department-serves-federal-reserve-with-grand-jury-subpoenas-powell-says-5969437?ea_src=frontpage&ea_med=section-1

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