Powell Rushes Behind the Scenes After DOJ Opens Criminal Probe Into His Congressional Statements
Federal Reserve Chair Jerome Powell made quick moves behind the scenes after the Justice Department launched a criminal investigation into his statements to Congress, with a surge in outreach efforts recorded on his calendar.
Federal Reserve Chair Jerome Powell has made several behind-the-scenes moves in response to the Justice Department's opening of a criminal probe into his statements to Congress, including increased outreach to lawmakers and officials from other government agencies. The surge in contacts on Powell's calendar suggests an effort to stay informed and manage perceptions ahead of any potential investigations or hearings. Sources close to the Fed say that Powell is cooperating fully with the investigation and is seeking guidance from the Justice Department on its scope and direction. Meanwhile, the move has raised concerns among some lawmakers about the potential for a broader probe into the Federal Reserve's actions under Powell's leadership.
