Federal Reserve Building Renovation

Federal Reserve, DOJ and renovation

Why the renovation of Federal Reserve headquarters costs $2.5 billion

For months, the renovation of the Federal Reserve’s headquarters in Washington has been a subject of friction between the White House and the central bank. On Jan. 11, Fed Chair Jerome Powell said the Justice Department had issued subpoenas in advance of a possible criminal indictment related to the ongoing work.

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The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve

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Powell says the Federal Reserve was served DOJ subpoenas over building renovations

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What to Know About the Criminal Investigation of the Fed Chair

The Justice Department’s probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank’s headquarters has raised alarms.

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Dollar dips, gold at record high as US prosecutors target Fed's Powell

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Federal Prosecutors Open Investigation Into Fed Chair Powell

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Stocks and Treasuries calm after Fed indictment jitters, dollar weakens

"The latest development marks a significant escalation in the fight between President Trump and Fed Chair Powell," MUFG's Lee Hardman said, adding that "the repeated attacks on the Fed’s independence"...

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Stocks of credit card companies slump as Wall Street overall drifts in mixed trading

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Defiant Fed Chair Busts Open Petty Trump’s Revenge Plot

Fed, Trump

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Donald Trump versus the Federal Reserve - what you need to know

Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation pro...

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JP Morgan boss says Trump attacks on Federal Reserve could push up inflation

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Trump Says Inflation Data Means Fed Should Cut Interest Rates

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Trump says inflation data means Fed can cut interest rates

President Donald Trump welcomed inflation figures released on Tuesday, using the U.S. consumer price data to reiterate his push for Federal Reserve chair Jerome Powell to cut interest rates "meaningfu...

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Trump claims 'inflation is defeated' in speech to business leaders in Detroit

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JP Morgan boss says Trump attacks on Federal Reserve risk eroding central bank independence

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Trump to speak about economy in Detroit amid investigation into US Fed chair

New inflation data shows inflation remains a persistent problem for the US economy

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Trump administration probe of Fed's Powell sparks pushback

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Dimon, Wall Street heavyweights rally around Powell

DOJ subpoenas the Federal Reserve in an escalating pressure campaign

The Justice Department has subpoenaed the Fed over Chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.

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Justice Department served subpoenas to the Fed over building renovations, Powell says

The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.

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Read Jerome Powell's letter to senators following his testimony about renovations to the Fed building

The Fed Chair sent a letter to the Senate Banking Committee in July that extensively responded to their inquiries on the Fed building renovation.

US prosecutors open probe of Fed chief, escalating Trump-Powell clash

US prosecutors have opened an inquiry into Federal Reserve Chair Jerome Powell, prompting a rare rebuke from the central bank chief against escalating pressure from Donald Trump's administration as th