[Federal Reserve Chairman Powell Under Criminal Investigation Over Headquarters Renovation Project] On January 12, U.S. federal prosecutors launched a criminal investigation into Federal Reserve Chairman Jerome Powell, focusing on the renovation project of the Federal Reserve's headquarters in Washington. According to The New York Times, this incident marks an escalation in the long-standing conflict between President Trump and Powell. Trump had previously criticized Powell for refusing to significantly cut interest rates and had repeatedly threatened to fire him. Recently, Trump stated that he has decided on Powell's replacement and is expected to announce it soon. Powell's term as Federal Reserve Chairman will end in May, but his term as a Federal Reserve Board member will continue until January 2028. It has not yet been disclosed whether he plans to remain in his position.