Back to today’s briefing

Story perspectives

DOJ Investigates Fed Chair Powell Amid Trump Backing

3/20/2026

50 11 Full Breakdown

Summary

Story summary

The U.S. Department of Justice is investigating Jerome Powell, the Federal Reserve Chair, with U.S. President Donald Trump backing the probe, and Senator Thom Tillis criticizing it.
The probe stems from Powell's testimony about a costly renovation of the Fed's headquarters.
Trump's nominee to replace Powell, Kevin Warsh, faces confirmation delays.
Powell has said he will not resign until the probe concludes.
A federal judge blocked subpoenas.

1 of 1

Story summary

The U.S. Department of Justice is investigating Jerome Powell, the Federal Reserve Chair, with U.S. President Donald Trump backing the probe, and Senator Thom Tillis criticizing it.
The probe stems from Powell's testimony about a costly renovation of the Fed's headquarters.
Trump's nominee to replace Powell, Kevin Warsh, faces confirmation delays.
Powell has said he will not resign until the probe concludes.
A federal judge blocked subpoenas.