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