🚨 BREAKING NEWS — DOJ vs. The Fed
The Justice Department has opened a criminal investigation into Federal Reserve Chair Jerome Powell, triggering a political firestorm over the future of U.S. monetary policy.
🧩 What triggered this?
Subpoenas tied to Powell’s testimony on costly Fed building renovations. Powell calls the move “unprecedented” and hints it follows his refusal to slash rates under intense pressure.
⚠️ The bigger risk:
If central bank leaders start getting investigated for not cutting rates → the line between policy and politics gets dangerously blurry.
🏛 Trump’s stance:
Says he had nothing to do with it, but keeps blasting Powell’s performance.
📉 Market read:
Traders are now pricing in the possibility that Washington may try to steer monetary policy, not just criticize it. That’s a real volatility spark.
👀 Tickers in play:
Risk-sensitive plays getting smoked as uncertainty ramps.
🚨 Bottom line:
This isn’t just a probe — it’s a test of whether the Federal Reserve stays independent or becomes another political weapon.
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