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Powell Under Investigation: Claims of Political Motivation Rise

1/14/2026

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Powell Under Investigation

Federal Reserve Chair Jerome Powell faces a criminal investigation initiated by the administration of U.S. President Donald Trump over his testimony about a $2.5 billion renovation of Fed buildings.
Powell calls the subpoenas politically motivated to undermine the Fed's independence.
Republican Senator Thom Tillis condemns the DOJ's actions and vows to oppose Fed nominees until the matter is resolved.
During a June Senate hearing, Powell denied renovations, drawing perjury accusations from some lawmakers.

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Graham Questions Trump

Several senior Republicans, including Sen. Lindsey Graham, expressed doubts about U.S. President Donald Trump's claims of election fraud in Georgia.
Graham said Trump's assertions were unnerving and linked his Arizona loss to attacks on Sen. John McCain, not fraud.
Georgia Gov. Brian Kemp and Secretary of State Brad Raffensperger maintained Biden won the state fairly.
Trump faces indictments over efforts to overturn the 2020 election.

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Powell Under Investigation

Federal Reserve Chair Jerome Powell faces a criminal investigation initiated by the administration of U.S. President Donald Trump over his testimony about a $2.5 billion renovation of Fed buildings.
Powell calls the subpoenas politically motivated to undermine the Fed's independence.
Republican Senator Thom Tillis condemns the DOJ's actions and vows to oppose Fed nominees until the matter is resolved.
During a June Senate hearing, Powell denied renovations, drawing perjury accusations from some lawmakers.

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