The Federal Reserve has not yet complied with grand jury subpoenas tied to an ongoing criminal investigation involving Federal Reserve Chair Jerome Powell, according to a report by CNBC citing a source familiar with the matter. Powell publicly disclosed on January 11 that he was under criminal investigation, asserting that the inquiry is politically motivated. On the same day the CNBC report surfaced, the Federal Reserve announced its decision to hold interest rates steady, signaling caution amid ongoing economic uncertainty. As the criminal investigation into Jerome Powell continues, attention remains focused on whether the Federal Reserve will comply with the subpoenas and how the probe may intersect with future interest rate decisions. For now, both the central bank and its chair appear intent on maintaining silence, leaving markets and the public awaiting further developments.