Prime Minister of Japan Sanae Takaichi meets with President Donald Trump as Vice President JD Vance, and Secretary of State Marco Rubio, look on during a bilateral meeting in the Oval Office of the White House in Washington, on March 19, 2026. Alex Wong/Getty Images
President Donald Trump indicated on March 19 that Federal Reserve Chair Jerome Powell was still under investigation over the $2.5 billion price tag to renovate the Federal Reserve’s Washington headquarters, after a federal judge blocked subpoenas issued to the Federal Reserve as part of a criminal investigation of Powell.
“He’s under investigation, because he’s building a building for hundreds of millions more than it’s supposed to cost,” Trump said during a press briefing with Japanese Prime Minister Sanae Takaichi in the Oval Office before their bilateral meeting.
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