Jerome Powell's Fed Chair Role Faces Scrutiny Amid Investigation and Political Pressure

Federal Reserve Chair Jerome Powell faces a criminal investigation linked to the renovation of the Fed's headquarters, which he says is a pressure tactic by President Trump to lower interest rates. This probe complicates the upcoming Fed chair succession, with some senators withholding support until it is resolved. Powell has received backing from Fed officials for his leadership and integrity, while uncertainty remains about his future role amid tensions between maintaining Fed independence and political pressures.