U.S. Treasury Secretary Scott Bessent told "Kudlow" Friday that the probe into Federal Reserve Chairman Jerome Powell is likely due to "construction incompetence." "I don't know anything about construction, seemingly not many people at the Fed do," he said. A criminal investigation into Powell was launched to determine whether he lied to Congress about the scope of renovations at the central bank’s Washington headquarters. The Department of Justice has threatened a criminal indictment related to Powell’s Senate testimony regarding the renovations. While Bessent said he does not know much about the investigation, he ... (full story)