Federal Reserve Chair Jerome Powell is the subject of an investigation by U.S. prosecutors regarding the renovation of the central bank's Washington headquarters, according to a report from The New York Times. Citing officials briefed on the matter, the report states that the U.S. attorney's office in the District of Columbia has opened the probe. Probe Focuses on Congressional Testimony The investigation centers on whether Powell misled Congress about the full scope and cost of the renovation project. To determine this, prosecutors are reportedly analyzing Powell's public statements alongside the Federal Reserve's ... (full story)