What is behind the criminal investigation into Jay Powell?
Federal Reserve chair says the probe relating to a $2.5bn renovation of HQ is a ‘pretext’ to rein in central bank’s independence
Federal Reserve chair says the probe relating to a $2.5bn renovation of HQ is a ‘pretext’ to rein in central bank’s independence

Chair says probe follows central bank’s refusal to bow to White House push for much lower interest rates

A criminal investigation of Jay Powell is the latest in the reworking of the world’s most important financial institution

Letter seen by FT appears to undermine claims that the chair of US central bank misled Congress over renovation

Central bank chair could stay on board beyond this year in effort to protect central bank’s independence

Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next US central bank chief

Trump administration objects to central bank project, alleging mismanagement by chair