Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about the central bank’s $2.5 billion renovation of its headquarters in Washington,

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.

The Fed has been tasked with a dual mandate by Congress to achieve low inflation and high employment. Learn more about the dual mandate and what it means.

Powell was responding to grand jury subpoenas delivered to the Federal Reserve related to his congressional testimony regarding construction work at the Fed headquarters.

A historic level of division at America's foremost financial institution can undermine the stability of Wall Street.

The Federal Reserve has several tools to manage the money supply and keep the economy running smoothly. Learn how the central bank sets monetary policy.

The Federal Reserve Bank is expected to hold its benchmark rate steady at its meeting on Wednesday, maintaining the same cautious posture it has assumed throughout the first half of 2025. That's according to the CME Group's FedWatch Tool, which as of June ...

The AdvisorShares Pure US Cannabis ETF has spent the last month on a rollercoaster. After climbing to $6.45 in mid-December 2025, shares dropped 26% to around $4.80 by mid-January. The decline came despite President Trump signing an executive order easing cannabis access in late December 2025,

At the top of that list is one of the states that Trump is threatening to cut funding from, California, which received just under $1.5 billion in federal funding for childcare. With roughly a little more than 2 million children under the age of 5 in the state, California receives about $695 for every child resident.

The investigation, which is said to center on renovations of the Federal Reserve’s headquarters in Washington, is an escalation of the president’s long-running pressure campaign on Jerome H. Powell.

The Federal Reserve chair said the central bank has been threatened with a criminal indictment over his testimony about building renovations.