[US Media: Powell Under Investigation, Spotlight on Federal Reserve Building Renovation Project] According to Jintou citing *The New York Times*, informed officials have revealed that the U.S. Attorney’s Office for the District of Columbia has launched a criminal investigation into Federal Reserve Chairman Jerome Powell. The investigation pertains to the renovation project of the Federal Reserve headquarters and whether Powell made false statements to Congress regarding the scale of the project. The probe includes an analysis of Powell’s public statements and a review of related expenditure records, which was approved in November last year. The approval came from the head of the office, Jeanine Pirro, a longtime ally of Trump. It is currently unclear whether Pirro has convened a grand jury or issued subpoenas. However, according to one official, prosecutors from her office have repeatedly contacted Powell’s staff, requesting documents related to the renovation project. Trump has long criticized Powell for refusing to implement significant interest rate cuts as he demanded, threatening to remove him from office and even vowing to file a lawsuit over the $2.5 billion Federal Reserve renovation project, citing Powell’s 'incompetence.'