Streamlly Original
Fed Chair vs. DOJ
Reported by Alecia Venkataraman, Toni Mitchell, Michael McDevitt, Jesse Jines
- Published: Jan 13, 2026, 11:21 PM EST
- Updated: Jan 12, 2026, 5:05 PM EST
- Filed from: Washington, DC
- Duration: 30 sec
- Views: 1.1K
January 13, 2026 — Federal Reserve Chair Jerome Powell is now the subject of a criminal investigation by the Department of Justice.
The DOJ has launched an inquiry into the Federal Reserve’s renovation of its headquarters in Washington, D.C. Powell revealed that he received a grand jury subpoena regarding his testimony before the Senate Banking Committee last June, where he discussed the $2.5 billion renovation project.
Several Republican lawmakers, including North Carolina Senator Thom Tillis, have spoken out against the DOJ's criminal investigation into Powell, with Tillis threatening to withhold all Fed nominations in response.
The White House has stated that the President did not direct the DOJ to investigate Powell.
Credits
- Alecia VenkataramanWriter/Creative Director
- Toni MitchellSenior Reporter
- Michael McDevittVideo Editor
- Jesse JinesVideo Editor
- Curtiss PhilipsenActor /VO Artist
Transcript
Archers
train
for
distance
but
they cannot
control
the elements
A bow was
being
aimed
at the
Federal
Reserve
Chair
as the
Department
of Justice
investigates
renovations
The White
House says
the
President
did not
order it
but he has
taken aim
at
interest
rates
Lawmakers
from both
parties
warn that
drawing
a bow
at an
independent
institution
can change
the forest
and how
future
arrows
take
flight