🚨 Criminal Investigation Opened Against Federal Reserve Chair 👀
⚖️ Federal prosecutors have opened a criminal investigation against Jerome Powell for allegedly misleading Congress about the costs of renovating the Federal Reserve headquarters.
Powell's term ends in May 2026, and the dispute with Trump has resurfaced, raising questions about the Fed's independence.
For his part:
🚨 Powell: Criminal Charges Used to Pressure Interest Rate Decisions
🗣️ Jerome Powell says the Justice Department subpoenas are not related to the renovations or Congress, but rather an attempt to exert pressure regarding interest rate policy.
⚠️ He warns of a dangerous precedent: that monetary policy is being driven by politics instead of economic data.
