The criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power, writes Greg Ip.

The investigation reflects the lengths to which the president will go to control the central bank. 2026-01-12 05:56:00 Greg Ip

Continue ReadingThe criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power, writes Greg Ip.

U.S. prosecutors are investigating Federal Reserve Chair Jerome Powell over his testimony last summer about the central bank’s building renovation project

The criminal probe looks at Powell’s testimony on building renovations. Powell said it was part of Trump’s campaign to pressure the Fed to lower interest rates. 2026-01-12 04:24:00 Nick Timiraos

Continue ReadingU.S. prosecutors are investigating Federal Reserve Chair Jerome Powell over his testimony last summer about the central bank’s building renovation project