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Home » Fed served with DOJ subpoenas; Powell vows to stand firm

Fed served with DOJ subpoenas; Powell vows to stand firm

Powell said the action was related to his June congressional testimony

Bloomberg NewsbyBloomberg News
January 12, 2026
in Compliance
Reading Time: 4 mins read
0
After Fed rate cut, Powell says jobs market no longer very solid

The Marriner S. Eccles Federal Reserve building in Washington. Photographer: Nathan Howard/Bloomberg

Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution. In a forceful written and video statement released Sunday evening, Powell said the action was related to his June congressional […]

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