US Federal Reserve chair says DOJ has threatened criminal indictment

Jerome Powell said on Sunday that the Department of Justice had threatened him with a criminal indictment and served grand jury subpoenas over Congressional testimony he gave last summer regarding a Federal Reserve building renovation project. Powell says this action is a pretext aimed at putting further pressure on the central bank to lower interest rates Subscribe to Guardian News on YouTube ► https://www.youtube.com/user/guardianwires?sub_confirmation=1 Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve ► https://www.theguardian.com/business/2026/jan/11/justice-department-opens-investigation-into-federal-reserve-as-trump-ramps-up-campaign-against-central-bank The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://support.theguardian.com Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition Website ► https://www.theguardian.com Facebook ►https://www.facebook.com/theguardian Instagram ► https://instagram.com/guardian Bluesky ► https://bsky.app/profile/theguardian.com The Guardian on YouTube: The Guardian ► https://www.youtube.com/@theguardian Guardian Australia ► https://www.youtube.com/@guardianaustralia Football Weekly podcast ► https://www.youtube.com/@footballweeklypodcast Guardian Football ► https://www.youtube.com/@guardianfootball Guardian Sport ► https://www.youtube.com/@guardiansport It's Complicated ► https://www.youtube.com/@itscomplicated Guardian Live ► https://www.youtube.com/@guardianlive #jeromepowell #federalreserve #usa #trump #donaldtrump