Jerome Powell was investigated by federal prosecutors for corruption related to the remodeling of the Federal Reserve building.
Posted by Behind the Bastards, Checked
- Sources
- 4 support1 context
- Said
- 1 time·
- Confidence
- 75%
Behind the BastardsOct 3, 2026
Federal prosecutors in Washington opened a criminal investigation of Powell over the Fed headquarters renovation, and the Justice Department dropped it on April 24, 2026. The claim's word 'corruption' is a loose label: the probe centered on Powell's congressional testimony and the renovation, and the post itself calls the stated reason nominal, which the claim drops.
What was said
… over ever since he took office, and he's been trying to find increasingly obscure ways to do them, sent to Supreme Court, overruled his initial, extremely bizarre claiming of powers that he used to do it last time. Now, to close out my section here, let's wrap up the story of, I guess, now ex-Chairman of the Federal Reserve, Jerome Powell, who, if you will remember, Trump attempted to have investigated by federal prosecutors, nominally for corruption, around, like, the remodeling of the Federal Reserve building. This was the whole thing that Trump and all those people were pushing at the time, in the middle of this, like, conflict he was having, where Trump was trying to get Jerome Powell to cut interest rates, but that's, like, not a thing that the President is …
Behind the Bastards · · from the transcriptPost →What we found
Supports. Federal prosecutors in Washington opened a criminal investigation into Powell in November 2025 concerning the renovation of the Fed headquarters and whether he made false or misleading statements to Congress.[4]
Supports. U.S. Attorney Jeanine Pirro's office ran a roughly three-month probe into the $2.5 billion renovation, and the AP reports the Justice Department ended it on April 24, 2026.[1][3]
Supports. Prosecutors issued subpoenas in the matter, which a judge later quashed; a prosecutor told the court in March that there was no evidence of criminal misconduct yet, but it was a reason to look into it.[5]
Context. Powell characterized the probe as a pretext to pressure the Fed to lower interest rates, and the Fed inspector general later found no criminal violation, which supports the post's 'nominally' framing that the corruption label was a stated rather than substantiated reason.[2][3]
Sources
5 sources: 2 fact-checkers, 1 tier 1, 2 not rated
- 1Justice Department drops criminal probe of Fed chair ...apnews.com · fact-checker · cited for: supports
- 2Watchdog finds no Fed misconduct in renovation; Trump calls for Powell's resignationreuters.com · fact-checker · cited for: context
- 3Fed watchdog finds no criminality in renovation probethehill.com · tier 1 · cited for: supports, context
- 4Federal investigation into Jerome Powell - Wikipediaen.wikipedia.org · not rated · cited for: supports
- 5Powell Fed renovation probe meets judge pushbackwjcl.com · not rated · cited for: supports
Where this claim was made
Said in 1 published post
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