[U.S. Federal Prosecutors Launch Criminal Investigation into Federal Reserve Chair Powell] Odaily Planet Daily reports that the U.S. Attorney's Office for the District of Columbia has launched a criminal investigation into Federal Reserve Chair Jerome H. Powell. The investigation focuses on the renovation project at the Federal Reserve's Washington headquarters and whether Jerome H. Powell committed perjury before Congress regarding the scale of the project. The investigation was approved by Prosecutor Jeanine Pirro in November 2025 and includes an analysis of Jerome H. Powell's public statements and a review of expenditure records. The renovation project has a budget of approximately $2.5 billion, with current estimates showing a $700 million overrun. Jerome H. Powell previously denied during a congressional hearing that the project included luxury features such as private elevators and marble decorations, stating that the project plans had evolved to reduce certain functionalities. The Federal Reserve has declined to comment on the matter.