🚨 BIG NEWS OUT OF DC 👀
The U.S. Attorney’s Office in Washington, D.C. has opened a criminal investigation into Federal Reserve Chair Jerome Powell. It’s connected to the huge renovation of the Fed’s 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 surprise—most folks see the Fed chair as pretty much untouchable.
Here’s the real angle… ⚡
Powell is saying the investigation isn’t really about the buildings—it’s 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 Reserve’s independence at risk, which has been a cornerstone protecting the U.S. economy for decades.
Markets are watching closely right now. 📉📈
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:
