The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve The historic renovation is more complex — and longer in the making — than the fight over how much it cost.

Federal Reserve officials send united message on January interest-rate cut after latest inflation, jobs reports

The Federal Reserve chair said the central bank has been threatened with a criminal indictment over his testimony about building renovations.

Both President Donald Trump and Federal Reserve Chair Jerome Powell are involved in controversial — and costly — rehabs of government buildings.

New Federal Reserve data reveals that only 3.2% of American retirees have accumulated $1 million in retirement accounts. The median savings for retirees aged 65-74 sits at just $200,000, highlighting a significant gap between retirement dreams and financial reality.

Powell broke the news of a criminal probe Sunday night minutes before a New York Times report on the investigation was published. He posted a video to the Federal Reserve website and on social media accusing Trump of retribution.

The Federal Reserve will meet later this month to make a decision on interest rates. But the latest inflation report is likely to make the central bank cautious about additional rate cuts.

The two banks announced the approval the night of Jan. 13. Comerica plans to fully rebrand as Fifth Third Bank later this year.

The chair of the Federal Reserve oversees the U.S. banking system and helps steer monetary policy. The chair's salary is set by the U.S. Congress.

Neel T. Kashkari, president of the Federal Reserve Bank of Minneapolis, defended Jerome H. Powell, the Fed chair, in an interview. He also said interest rates should be held steady this month.