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A serious situation is unfolding around the U.S. Federal Reserve as Chair Jerome Powell faces pressure from the Department of Justice. Reports suggest the DOJ has issued grand jury subpoenas linked to Powell’s past testimony before Congress.
The investigation reportedly focuses on the $2.5 billion renovation of the Federal Reserve headquarters, questioning possible cost overruns and whether lawmakers were fully informed. Powell has strongly denied any wrongdoing and described the probe as politically motivated.
He warned that using legal pressure against monetary policy decisions could damage the independence of the Federal Reserve, which he says must remain data-driven, not political.
Possible Market Impact
U.S. Dollar: Confidence may weaken, leading to sharp DXY volatility
Gold & Silver: Safe-haven demand could rise
Bitcoin: Short-term selling pressure possible as liquidity shifts to cash
Stocks: S&P 500 and Nasdaq may face downside due to uncertainty
⚠️ Markets are likely to remain headline-driven and volatile over the next 24 hours.
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