Story perspectives

Powell Faces Lawmaker Backlash Amid DOJ Investigation

3/10/2026

Summary

Story summary

Federal Reserve Chair Jerome Powell held 13 calls with lawmakers, each lasting 10 to 15 minutes, after disclosing on January 11 that a Department of Justice investigation into congressional statements.
The calendar did not detail the content of those calls.
Lisa Murkowski (R-Alaska) and John Kennedy (R-La.) publicly supported Powell and criticized the DOJ probe.
Senator Thom Tillis (R-N.C.) vowed to block any Federal Reserve nominee until the investigation concludes.

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Story summary

Federal Reserve Chair Jerome Powell held 13 calls with lawmakers, each lasting 10 to 15 minutes, after disclosing on January 11 that a Department of Justice investigation into congressional statements.
The calendar did not detail the content of those calls.
Lisa Murkowski (R-Alaska) and John Kennedy (R-La.) publicly supported Powell and criticized the DOJ probe.
Senator Thom Tillis (R-N.C.) vowed to block any Federal Reserve nominee until the investigation concludes.