Watch the 2-minute address Jerome Powell gave after the Fed received grand jury subpoenas

In a rare video message released early on Sunday, Federal Reserve Chair Jerome Powell said the US central bank had received grand jury subpoenas that could expose it to criminal indictment by the Department of Justice. Powell said the subpoenas relate to his June testimony concerning renovation work at the Fed's office buildings.He said that the move was part of a pressure campaign by the Trump administration aimed at pushing the central bank to lower interest rates. Read his full statement below:Good eve ...