The Justice Department’s sudden criminal inquiry into Federal Reserve Chair Jerome Powell is the kind of accountability Americans have a right to demand, not the witch hunt Democrats and their media friends are calling it. Federal prosecutors in Washington have opened a probe and, according to Powell, grand jury subpoenas were served related to his congressional testimony about the Fed’s renovation project.
This investigation centers on a staggering multibillion-dollar overhaul of the Fed’s headquarters — figures reported around $2.5 billion — and whether Powell’s testimony to Congress was accurate about the scope and costs. For years Washington insiders treated the Fed as a sacred cow; when massive cost overruns and conflicting documents surface, an investigation is the responsible, patriotic response.
On The Ingraham Angle, former Trump attorney David Schoen asked the obvious question: how can anyone be against an investigation into potential misconduct by a public official? Conservative panelist Byron York echoed that sentiment, reminding viewers that oversight is not partisan grandstanding but essential to preserving public trust. Those who reflexively shield powerful bureaucrats while demanding transparency for everyone else are the real problem.
Yes, some Washington voices warn this could erode Fed independence, but independence cannot be a get-out-of-accountability-free card for elites who oversee taxpayer-funded projects. Reports show the inquiry was advanced by U.S. Attorney approvals inside the city’s justice apparatus, a procedural step that should be treated with seriousness rather than fearmongering. If there is evidence that testimony to Congress was misleading or that spending was mismanaged, Americans deserve answers — not platitudes about independence.
Markets reacted nervously to the news, and that’s understandable; investors fear uncertainty and political turmoil. But a free market and sound currency require institutions run with integrity, not insulating themselves from investigation whenever inconvenient questions arise. Holding even the Fed to account reassures hardworking Americans that the rule of law applies to everyone, not just the small and powerless.
Patriots who love this country should demand a fair, transparent probe and resist the reflex to defend elites simply because they sit behind a marble facade. Let the investigators follow the facts, let Powell and the Fed answer to the American people, and let justice — not privilege or political theater — determine the outcome. That is how we restore trust in our institutions and deliver honest government for the hard-working men and women who pay the bills.
