C -SPAN's Washington Journal, our live forum, inviting you to discuss the latest issues in government, politics, and public policy from Washington, D .C. and across the country.
Coming up Monday morning.
We'll discuss President Trump's recent call to increase Defense Department spending to $1 .5 trillion in 2027 with Todd Harrison of the American Enterprise Institute.
And then Time Magazine politics reporter Nick Popeley previews the week ahead at the White House and News of the Day.
Also, we'll look at new government data showing the extent of Trump administration cuts to the federal workforce in 2025 and what to expect in the year ahead with Max Dyer, President and CEO of the Partnership for Public Service.
C -SPAN's Washington Journal.
Join the conversation live at 7 Eastern Monday morning on C-SPAN, C-SPAN Now, our free mobile app, or online at cspan.org.
The U.S. Attorney's Office in the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell.
The New York Times reporting that it's over the renovation of the central bank's Washington headquarters.
Mr. Powell released a rare video message acknowledging the Justice Department had served the central bank with grand jury subpoenas days earlier.
He described the investigation as "unprecedented." Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.
That testimony concerned, in part, a multi -year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy.
No one, certainly not the chair of the Federal Reserve, is above the law.
But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure.
This new threat is not about my testimony last June.
Or about the renovation of the Federal Reserve buildings.
It is not about Congress's oversight role.
The Fed, through testimony and other public disclosures, made every effort to keep Congress informed about the renovation project.
Those are pretexts.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will be directed by political pressure or intimidation.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike.
In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment.
Public service sometimes requires standing firm in the face of threats.
I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
Thank you.
C-SPAN, Democracy Unfiltered.
We're funded by these television companies and more, including Comcast.
The flag replacement program got started by a good friend of mine, a Navy vet, who saw the flag at the office that needed to be replaced and said, wouldn't this be great if this was going to be something that we did for anyone?
Comcast has always been a community -driven company.
This is one of those great examples of the way we're getting out there.