đš BIG NEWS OUT OF DC đ
The U.S. Attorneyâs Office in Washington, D.C. has opened a criminal investigation into Federal Reserve Chair Jerome Powell. Itâs connected to the huge renovation of the Fedâs headquarters that reportedly went way over budget into the billions, raising serious questions about spending and transparency.
This one caught a lot of people by surpriseâmost folks see the Fed chair as pretty much untouchable.
Hereâs the real angle⊠âĄ
Powell is saying the investigation isnât really about the buildingsâitâs pressure being put on the Fed. He believes the timing lines up too perfectly with the current battles over interest rates and politics. A bunch of investors are concerned this could put the Federal Reserveâs independence at risk, which has been a cornerstone protecting the U.S. economy for decades.
Markets are watching closely right now. đđ
If that independence takes a hit, rate decisions could start getting swayed more by political pressure than by the actual data. That level of uncertainty is bad news for everyone. One probe⊠one oversized renovation⊠but it has the potential to shake confidence in the entire financial system. Story is still unfolding.
Keep an eye on these trending coins at the moment:
