THE US GOVERNMENT IS CRIMINALLY INVESTIGATING THE CURRENT FED CHAIR. THIS HAS NEVER HAPPENED IN 113 YEARS.
The Department of Justice has launched a criminal probe into Jerome Powell — ostensibly over cost overruns on Fed headquarters renovations.
One Republican senator (Thom Tillis) is blocking Warsh's confirmation until the DOJ drops the case.
Supreme Court Justice Kavanaugh warned Powell's firing could "shatter" Fed independence.
This is the most politicized the Federal Reserve has ever been. And markets are watching.
An independent Fed = credible inflation fighting = stable rates.
A politicized Fed = rate cuts on demand = short-term pump, long-term inflation risk.
Bitcoin was literally created as a hedge against exactly this scenario.