Prosecutors Launch Criminal Probe Into Fed's $2.5 Billion Headquarters Renovation Scandal

Federal prosecutors have launched a criminal investigation into the Federal Reserve's $2.5 billion renovation of its headquarters in Washington, D.C., amid allegations that former Chairman Jerome Powell may have misused funds for personal use. The investigation is reportedly related to an extraordinary video posted by Powell on Sunday. Details of the probe are still emerging, but it has sparked concerns about potential wrongdoing at the Fed. The investigation's focus and scope remain unclear at this time.