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WASHINGTON, DC - DECEMBER 10: Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. The Fed announced it has lowered interest rates by a quarter of a percentage point to a range of 3.5 percent to 3.75 percent in the third rate cut this year. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. The Fed announced it has lowered interest rates by a quarter of a percentage point to a range of 3.5 percent to 3.75 percent in the third rate cut this year. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - DECEMBER 10: Federal Reserve Chair Jerome Powell pauses while speaking during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. The Fed announced it has lowered interest rates by a quarter of a percentage point to a range of 3.5 percent to 3.75 percent in the third rate cut this year. (Photo by Chip Somodevilla/Getty Images)

DOJ probes Fed Chair Powell for alleged false testimony on renovation costs

WASHINGTON, DC - DECEMBER 10: Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. The Fed announced it has lowered interest rates by a quarter of a percentage point to a range of 3.5 percent to 3.75 percent in the third rate cut this year. (Photo by Chip Somodevilla/Getty Images)
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