The Justice Department’s probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank’s headquarters has raised alarms.

Criminal probe of Fed Chair Powell over building costs triggers GOP revolt, with key senators threatening to derail Trump's central bank appointments.

WASHINGTON — President Donald Trump’s feud with Federal Reserve Chairman Jerome Powell has escalated into a Department of Justice investigation, raising alarm bells among some Republicans in the Senate, where Trump will need broad backing from GOP lawmakers to get his choice for the next Fed chairman approved after Powell’s term ends in May.

Powell confirmed the probe on Sunday, saying the Fed received subpoenas in January that indicated a criminal probe related to his testimony before the Senate Banking Committee.

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell, which Powell said was an attempt to exert more control over the Fed.