[Republican Senator: 'Lead Prosecutor' in Powell Case Has Been Replaced] Golden Finance reports that the Republican leader of the U.S. Senate Banking Committee stated that the 'lead prosecutor' responsible for the Department of Justice's criminal investigation into Federal Reserve Chairman Jerome Powell has been replaced. 'I believe the lead prosecutor has been replaced,' Senator Tim Scott said. 'I think that’s a fact.' Powell previously revealed that the Department of Justice issued subpoenas to the Federal Reserve in January, threatening to file criminal charges. These subpoenas are related to the Federal Reserve's ongoing $2.5 billion renovation project for its Washington headquarters and Powell's testimony before the Senate Banking Committee last year regarding the project. In an unusually strongly worded video response, Powell described the motivation behind the investigation as stemming from the Federal Reserve's refusal to set interest rates according to President Trump's wishes.