Fed Chair Powell Under DOJ Investigation Over Testimony

Federal Reserve Chair Jerome Powell confirmed he is under investigation by the U.S. Department of Justice. The probe concerns testimony Powell gave about renovations to the Federal Reserve's main building in Washington, D.C. He announced the investigation on Sunday. The Federal Reserve is the central bank of the United States. Powell, as its chair, is one of the most powerful financial officials in the world. No further details about the investigation were immediately available. CBS News correspondents Katrina Kaufman and Nancy Cordes are reporting on the developing story.