When did DOJ serve Federal Reserve with Powell grand jury subpoenas?

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The Department of Justice served the Federal Reserve with grand jury subpoenas on Friday, January 10, 2026. Powell revealed this in a video statement released Sunday night, January 11, 2026, stating the subpoenas threatened criminal indictment. The timing is significant because Powell's term as Fed chair expires in May 2026, and Trump has criticized him for not cutting interest rates more aggressively. This marks an unprecedented use of criminal investigation tools against a sitting Federal Reserve chair.

When did DOJ serve Federal Reserve with Powell grand jury subpoenas?

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