DOJ Investigates Fed Chair Powell in Political Weaponization Claim

U.S. Justice Department officials have opened an investigation into Federal Reserve Chairman Jerome Powell. The probe focuses on renovations at the Federal Reserve's main headquarters. In response, Senator Elizabeth Warren (D-Mass.) accused the Justice Department of political bias. She stated the department "has been weaponized" against Powell and the central bank. Warren made the claim during an interview for the news program "The Takeout." She did not provide specific evidence for her allegation. The Federal Reserve is an independent agency. Its leaders are typically shielded from political pressure to ensure unbiased economic decisions. This investigation raises questions about that separation. The Justice Department has not commented publicly on the probe's details or motives. Chairman Powell has not yet issued a statement.