Jerome Powell says Fed is ‘on alert’ for possible Iranian cyberattacks because ‘we’re a target as well’

Federal Reserve chair Jerome Powell (Credit: SAUL LOEB—AFP)

• Federal Reserve Chair Jerome Powell told Congress the central bank had been “in touch” with government agencies and financial institutions about cybersecurity to ward off a possible Iranian attack. 

The Federal Reserve is on guard for possible retaliatory Iranian cyberattacks after the U.S. bombed three nuclear facilities in the country, Chair Jerome Powell said Tuesday.