What's Happening With the DOJ Probe—And Why It's Catching Attention The Justice Department (DOJ) has opened a criminal probe involving Federal Reserve Chair Jerome Powell, an unusual development arriving just weeks before the Fed's next interest rate decision. If you're seeing those headlines and wondering whether they could affect what the Fed does next, it's a fair question. Fed rate decisions shape everyday finances, influencing both the return savers earn on cash in the bank and the costs borrowers pay ...