The Justice Department threatens Fed Chair Jerome Powell with a criminal indictment in what he calls an attack on the central bank's independence.
Plus, President Trump mulls intervention in Iran as protest deaths rise.
We're looking at it very seriously.
The military is looking at it.
And we're looking at some very strong options.
We'll make a determination.
and the latest from Minnesota as more federal agents head to the state.
It's Monday, January 12th.
I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
U.S.
prosecutors have launched an investigation into Fed chair Jerome Powell,
threatening a criminal indictment over his testimony last year concerning the bank's building renovation project.
We report the investigation is being run out of Washington's U.S.
Attorney's Office, overseen by close ally of the president,
Jeanine Pirro, and concerns the Fed's spending records.
Trump last month threatened a lawsuit against Powell,
alleging incompetence over the renovation of two historic buildings that's been hitched by cost overruns.
In a video posted by the Federal Reserve,
Powell denied any wrongdoing and called the renovation project pretext for an attack on the central bank's independence.