Federal Reserve Chair Jerome Powell under criminal investigation

Justice Department Investigates Fed Chair Jerome Powell

The Justice Department is conducting a criminal investigation into Federal Reserve Chair Jerome Powell. This inquiry is part of a broader examination of the Fed’s operations and potential misconduct. Details regarding specific allegations or evidence have not yet been disclosed.

Impact on Financial Markets

The investigation has raised concerns in financial markets, leading to increased scrutiny of the Fed’s policies and their implications on the economy. Investors are closely monitoring developments, as any significant findings could impact interest rates and market stability.

Response from the Federal Reserve

The Federal Reserve has stated it will cooperate fully with the investigation. Officials emphasize their commitment to transparency and accountability amid ongoing scrutiny of their actions and decisions leading up to the inquiry.