US federal prosecutors open inquiry into US Fed chair Powell, NYT reports

The New York Times

12/01/2026 24:19

Jan 11 (Reuters) - The U.S. attorney's office in the District of Columbia has opened a criminal investigation into Federal Reserve chair Jerome Powell over the central bank's renovation of its Washington headquarters and whether Powell lied to Congress about the scope of the project, the New York Times reported on Sunday.

The inquiry, which includes an analysis of Powell's public statements and an examination of spending records, was approved in November by Attorney Jeanine Pirro, the NYT reported citing officials briefed on the situation.

 (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Himani Sarkar)

 ((rishabh.jaiswal@thomsonreuters.com;))