The U.S. Department of Justice was reported to have launched a criminal investigation against Powell in November last year

Multiple informed sources revealed that the U.S. Department of Justice launched a criminal investigation into Federal Reserve Chairman Jerome Powell and the institution as early as November last year, and prior to issuing subpoenas, the U.S. Attorney's Office for the District of Columbia did not notify the White House, senior officials at the Department of Justice, or the Department of the Treasury in advance. (CCTV News)