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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/team/alecia-venkataraman
  • Toni MitchellSenior Reporter/team/toni-mitchell
  • Michael McDevittVideo Editor/team/michael-mcdevitt
  • Jesse JinesVideo Editor/team/jesse-jines
  • Curtiss PhilipsenActor /VO Artist/team/curtiss-philipsen

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