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Fed Chairman Says DOJ Subpoenaed the Bank
The DOJ subpoenaed the Federal Reserve and threatened criminal charges over Chair Jerome Powell’s 2023 testimony about the Fed's building renovations, sparking a federal investigation.
- On Sunday, Federal Reserve Chair Jerome Powell said the Department of Justice threatened a criminal indictment tied to his testimony last summer about the Fed's building renovations.
- Powell's testimony last summer focused on the Federal Reserve's building renovations, which prompted subpoenas and a criminal indictment threat related to that testimony.
- The Department of Justice served subpoenas to the Federal Reserve, and Jerome Powell disclosed the subpoenas publicly in Washington on Sunday.
- The move sets up a legal clash between the Department of Justice and the Federal Reserve, with Jerome Powell named as the central figure in the investigation-related testimony.
- Public disclosure in Washington makes this an active development after Federal Reserve Chair Jerome Powell revealed on Sunday that the DOJ served subpoenas and threatened indictment.
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Fed chairman says DOJ subpoenaed the bank
WASHINGTON — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice served the central bank with subpoenas and threatened it with a criminal indictment over his testimony last summer about the Fed's building renovations.
·Billings, United States
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Sunday Summary: The Fed is Under Siege
Last Sunday night a political and legal bombshell went off that reverberated deeply throughout commercial real estate. The chairman of the Federal Reserve, Jerome Powell, put out a video saying that he had been served with a grand jury subpoena pertaining to renovations of the Eccles Building in Washington, D.C., headquarters of the Fed. “This unprecedented action should be seen in the broader context of the administration’s threats and ongoing …
Coverage Details
Total News Sources14
Leaning Left2Leaning Right0Center10Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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