Powell Made 13 Calls to Lawmakers After DOJ Opened Probe Into Testimony

Powell Made 13 Calls to Lawmakers After DOJ Opened Probe Into Testimony
1 min readPoliticsLegalEconomy

In Brief

Federal Reserve Chair Jerome Powell contacted lawmakers after a DOJ probe began into his congressional testimony.

Key Facts

  • Federal Reserve Chair Jerome Powell made 13 calls to lawmakers
  • The calls followed the Justice Department opening a criminal probe
  • The investigation concerns Powell's congressional testimony about the Fed's renovations

What Happened

According to Fox News, Federal Reserve Chair Jerome Powell made 13 calls to lawmakers after the Justice Department opened a criminal probe into his congressional testimony regarding the Federal Reserve's renovations.

Why It Matters

The reported calls and the DOJ probe may have implications for the relationship between the Federal Reserve and lawmakers, as well as for oversight of the Fed's activities. Based on a single source report

What's Next

Further developments may include official statements from Powell, lawmakers, or the Justice Department, and potential updates on the status of the investigation.

Sources