CoinVoice has learned that Federal Reserve Chairman Jerome H. Powell issued a statement, and the U.S. Department of Justice served a grand jury subpoena to the Federal Reserve on Friday, threatening criminal charges related to his testimony before the Senate Banking Committee in June last year. Powell stated that the testimony involved a multi-year renovation project of the Federal Reserve building, but the real reason behind the criminal threat was that the Fed set interest rates based on economic assessments rather than following the President's preferences.

He emphasized that the Federal Reserve must formulate monetary policy based on evidence and economic conditions, rather than political pressure or intimidation. He will continue to fulfill the responsibilities confirmed by the Senate, dedicated to maintaining price stability and full employment.