The Federal Reserve chair is under a Justice Department criminal investigation concerning a $2.5 billion headquarters renovation. Prosecutors are examining if Jerome Powell misled Congress about the project’s cost and scope. This development escalates White House tensions with the central bank and raises concerns about its independence.
S&P 500, Dow open slightly higher with big tech results, Fed decision on deck
U.S. stock markets opened with modest gains on Monday as investors anticipated a significant week for corporate earnings and a key Federal Reserve policy announcement.
January 26, 2026