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FILE. Fed Reserve Chairman Jerome Powell and President Donald Trump look over a document of cost figures during a visit to the Federal Reserve. Washington. 24 July 2025.

Economy

Video. US opens criminal investigation into Fed Chair Jerome Powell

Updated: 12/01/2026 - 8:17 GMT+1

Powell said the investigation, linked to a testimony he gave to a Senate committee about renovations to Fed buildings, was an attempt to limit central bank independence.

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