US federal prosecutors open inquiry into US Fed chair Powell, NYT reports

WASHINGTON: The US attorney’s office in ​the District of Columbia has opened a criminal investigation into Federal Reserve chair Jerome ‌Powell over ‌the ‌central ⁠bank’s renovation ​of ‌its Washington headquarters and whether Powell lied to Congress about the scope ⁠of the project, ‌the New ‍York Times ‍reported on Sunday.
The ‍inquiry, which includes an analysis of Powell’s public statements ​and an examination of spending ⁠records, was approved in November by Attorney Jeanine Pirro, the NYT reported citing officials briefed on the situation.