The U.S. attorney's office in the District of Columbia has commenced a criminal investigation into Jerome Powell, the Chair of the Federal Reserve. This inquiry focuses on the renovation of the Federal Reserve's headquarters in Washington, D.C., and whether Powell provided misleading information to Congress regarding the extent of the project. The investigation, which includes a review of Powell's public statements and an analysis of spending records, was authorized in November by Attorney Jeanine Pirro, according to reports from the New York Times. This development raises questions about transparency and accountability within federal institutions, particularly in the context of significant public spending and governance.