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Sunday, January 11, 2026
BREAKING: DOJ hits Federal Reserve with subpoenas and indictment threat, Chair Jerome Powell says

Federal Reserve Chair Jerome Powell said the Department of Justice subpoenaed the central bank with the threat of a criminal indictment, the latest move in a yearlong pressure campaign from the Trump administration.

Powell said the DOJ-threatened indictment related to his testimony before the Senate last June about the renovation of Federal Reserve office buildings.

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