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Unnamed BOJ board member

In November 2025, federal prosecutors in Washington, D.C., opened a criminal investigation into Jerome H. Powell, the Chair of the Federal Reserve, concerning the renovation of the Federal Reserve’s headquarters and whether Powell made false or misleading statements to Congress about the scope and cost of the project. The inquiry, approved by U.S. Attorney Jeanine Pirro, involves a review of Powell’s congressional testimony and an examination of internal spending and planning records related to the renovation.