Washington, D.C., is abuzz as Federal Reserve Chairman Jerome Powell revealed a stunning development involving grand jury subpoenas served to the central bank by U.S. prosecutors.
On Sunday night, Powell announced via a video statement on the Fed’s official account on X.com that the Justice Department delivered the subpoenas on Friday, targeting his June testimony before the Senate Banking Committee about the Fed’s ongoing $2.5 billion renovation project in Washington, D.C., with federal prosecutors even threatening a criminal indictment.
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