đš BIG NEWS OUT OF DC â POWELL UNDER CRIMINAL PROBE đ
Washington is buzzing.
The U.S. Attorneyâs Office in D.C. has opened a criminal investigation into Federal Reserve Chair Jerome Powell, linked to the massive renovation of the Fedâs headquarters â a project that reportedly blew past budget into the billions, raising serious questions about spending and transparency.
This caught markets off guard.
The Fed Chair is usually seen as untouchable.
⥠Hereâs the real issue:
Powell says this isnât about buildings â itâs about pressure on the Fed.
The timing, he argues, lines up too perfectly with rising political tension and rate battles to be a coincidence.
đ§ Why investors are nervous:
âą Potential threat to Fed independence
âą Risk that rate decisions become politicized
âą Long-term trust in the U.S. financial system at stake
đđ Market implications:
If the Fedâs independence weakens, uncertainty explodes â and markets hate uncertainty.
One investigation.
One over-budget renovation.
But the fallout could ripple across rates, equities, crypto, and the dollar.
This story is still developing. Stay alert.