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Federal Reserve Chair Powell under criminal investigation over HQ renovation, report

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2 hours ago

The U.S. attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on the renovation of the central bank’s Washington headquarters and whether he was truthful in his congressional testimony about the project, according to a report by The New York Times.Officials told the Times that the probe centers on whether Powell accurately characterized the scope and cost of the renovation during congressional appearances.The Federal Reserve did not immediately respond to Fox Business’ request for comment.The renovation of the Fed...

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