Powell criminal probe upends Trump's search for a new Fed chair

President Donald Trump's search to replace Federal Reserve chair Jerome Powell has taken a major turn in the new year.On Sunday, Powell confirmed an explosive report that he is facing a criminal investigation related to his prior testimony to Congress about the $2.5 billion renovation to the Fed's headquarters. In a video statement, Powell said that the probe was in retaliation for his decision to ignore Trump's wishes on rate cuts."The threat of criminal charges is a consequence of the Federal Reserve s ...