The Justice Department has subpoenaed the Fed over Chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.

Yet another government official faces potential criminal charges after clashing with President Donald Trump. This time, the head of the Federal Reserve Board is under federal investigation over testimony he gave to Congress. He and many observers see another example of Trump using the justice system to go after his opponents.

The Federal Reserve has several tools to manage the money supply and keep the economy running smoothly. Learn how the central bank sets monetary policy.

"The Department of Justice served the Federal Reserve with grand jury subpoenas," Federal Reserve Chair Jerome Powell said on Jan. 11.

The US attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, according to a report.

European Central Bank and global central banks back US Federal Reserve and Jerome H Powell, stressing central bank independence for economic stability.

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about t

The Fed is a separate agency from the U.S. Treasury, but both are responsible for keeping the economy stable. Here's the difference between the two bodies.