The investigation into Fed Chair Jerome Powell draw criticism from both sides, more with ABC News Legal Analyst Royal Oakes

Jeff Caplan's Afternoon News

The investigation into Fed Chair Jerome Powell draw criticism from both sides, more with ABC News Legal Analyst Royal Oakes

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Published on Jan 12, 2026, 3:31:36 PM
Total time: 00:05:21

Episode Description

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment. The subpoenas relate to Powell's testimony before the Senate Banking Committee in June, the Fed chair said, regarding the Fed's $2.5 billion renovation of two office buildings, a project that Trump has criticized as excessive.  Royal takes a look. 

More about Jeff Caplan's Afternoon News

News, politics, traffic, weather and more from Utah, anchored by veteran news junkie Jeff Caplan alongside Maria Shilaos.