Key GOP Senator Says Powell Committed No Crime in Testimony

Republican Senator Tim Scott said Federal Reserve Chair Jerome Powell didn’t commit a crime when answering questions during a congressional hearing last summer.

“I believe what he did was made a gross error in judgment. He was not prepared for that hearing. I do not believe that he committed a crime during the hearing,” Scott said Wednesday in an interview on Fox Business.

Scott peppered Powell with questions about a $2.5 billion renovation of the central bank’s headquarters during the June hearing. Allies of President Donald Trump have since accused Powell — without providing evidence — of lying in ...