🚨 BREAKING: TRUMP TEAM ESCALATES ATTACK ON FED CHAIR POWELL 🇺🇸
The Trump administration has intensified pressure on the Federal Reserve, reportedly threatening a criminal indictment against Fed Chair Jerome Powell over his comments to Congress related to a $2.5B Fed building renovation.
Powell has called the move a “pretext” — aimed at gaining political influence over interest rates, which Trump wants cut aggressively.
⚠️ Why this matters:
• Direct challenge to Federal Reserve independence
• Raises concerns over DOJ credibility
• Sets a dangerous precedent for political control of monetary policy
Republican Senator Thom Tillis warned the threat undermines the DOJ and said he will block future Fed nominees until the matter is resolved.
📉 Market reaction so far:
• U.S. equity futures lower (~0.5%)
• U.S. dollar weakened
• Treasury yields mostly flat
📌 Powell’s term as Fed Chair ends in May, but analysts now say this pressure could increase the likelihood he stays on rather than step aside.
🌍 Big picture:
Markets are watching closely.
This isn’t just politics — it’s about who controls U.S. monetary policy.
Volatility risk is rising. 👀
