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Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

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AP Alert

Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

CHRISTOPHER RUGABER AP Economics Writer
Jan 11, 2026
Jan 11, 2026
0

Benzinga - News

Jerome Powell declined to say whether he will remain on the Federal Reserve board after his chair term ends in May, fueling uncertainty over future vacancies and the Fed鈥檚 independence as Trump pushes for lower rates, according to CNBC.

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WASHINGTON 鈥� Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations.

Markets Year End — Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a visit to the Federal Reserve on July 24, 2025, in Washington.
Julia Demaree Nikhinson, Associated Press

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Jerome Powell declined to say whether he will remain on the Federal Reserve board after his chair term ends in May, fueling uncertainty over f…

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