Fed has not yet complied with subpoenas as Powell probe continues, source says

• Investigation into Fed Chair Jerome Powell by the U.S. Attorney's office is still ongoing.
• The Federal Reserve has not yet turned over documents pursuant to the subpoenas.
• The deadline for the Fed to cooperate with the subpoenas is not yet known.

A CNBC report indicates that the Federal Reserve has not yet complied with grand jury subpoenas issued as part of an ongoing criminal investigation into Fed Chair Jerome Powell by the U.S. Attorney's office for the District of Columbia. A source familiar with the situation confirmed the investigation is active and documents have not been turned over, though the deadline for compliance is currently unknown.