🚨 Breaking Fed Chair Jerome Powell just issued a rare, powerful statement.🔥
Powell Speaks Out — This Is Bigger Than Rates
He confirmed the DOJ has served the Fed with grand jury subpoenas, tied to his past Senate testimony — but Powell made one thing clear:
👉 This is not about renovations.
👉 This is about pressure on Fed independence.
Powell says the threat of criminal charges is a response to the Fed refusing to set rates based on political preferences, instead sticking to data and mandate.
This signals serious political tension around monetary policy
Raises questions about Fed independence
Adds another layer of uncertainty just as markets debate cuts vs hikes
When the Fed Chair has to publicly defend independence, macro risk is elevated.
Expect markets to listen very closely to every Fed word from here.
pressure tactic or real escalation?
