Prosecutors Open Criminal Probe Into Fed’s Powell, NYT Says
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Federal prosecutors have initiated a criminal investigation into Jerome Powell, the Chair of the Federal Reserve, concerning the renovation of the central bank's headquarters in Washington, DC. This development comes as officials briefed on the matter relay information to the New York Times. The investigation raises questions about the financial practices and oversight within the Federal Reserve.
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The Federal Reserve has been under scrutiny in recent years for its decisions and policies, especially during times of economic uncertainty. The renovation of its headquarters, while necessary for modernization, has now become a focal point of legal inquiry, potentially impacting public trust in the institution.
This article is based on reports from the New York Times and does not reflect the official stance of the Federal Reserve or any involved parties.
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