Powell says the Fed received DOJ subpoenas

Fed Chair Jerome Powell said the bank was served grand jury subpoenas over Fed headquarters renovations.

Chip Somodevilla/Getty Images, Anna Moneymaker/Getty Images

• Jerome Powell said the Federal Reserve was served grand jury subpoenas over Fed renovations.
• He said this was the latest move in the Trump administration's pressure campaign over interest rates.
• The White House has repeatedly criticized the $2.5 billion Fed renovations.

Federal Reserve Chair Jerome...