“The U.S. attorney’s office in the District of Columbia has opened a criminal investigation into Jerome Powell, the Federal Reserve chair, over the central bank’s renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project,” the New York Times reports.
“The inquiry, which includes an analysis of Mr. Powell’s public statements and an examination of spending records, was approved in November by Jeanine Pirro…”
“The investigation represents the opening of a major new legal front against Mr. Powell, whom Mr. Trump has continually attacked for resisting his demands to slash interest rates significantly.“
Wall Street Journal: Fed received Justice Department subpoena threatening criminal indictment.

