🔴 #NEVER_HAD_SUCH_A_PRECEDENT: FED CHAIR CONFIRMS CRIMINAL INVESTIGATION - PROBABLY BECAUSE THE SPLIT AFTER THE BRIEFING WASN'T FAIR...😃😃
It's getting serious, folks! The Fed—the institution long considered "invincible"—is now suddenly involved in a criminal investigation. Just hearing that sounds off.
📆 On January 11, Jerome Powell, Chair of the Federal Reserve, confirmed that federal prosecutors have opened a criminal investigation into him.
According to Mr. Powell, the U.S. Department of Justice sent a grand jury subpoena, even threatening criminal prosecution, related to his testimony before the Senate Banking Committee last June.
The testimony focused on the Fed's office building renovation project, a long-term initiative that could span several years.
👉 However, the real issue, according to Mr. Powell, is not just about renovations. It stems from the Fed setting interest rates based on what's "in the public interest," rather than following the wishes of U.S. President Donald Trump.
The tension between Mr. Trump and Mr. Powell has been extremely high. Even when Mr. Powell retires in May, he may not find peace!
In the end, it's always us, the regular people, who bear the brunt. If things go south, the market could shake violently 😢
The Lunar New Year is coming! Even getting a meat-filled rice cake is tough—how are you all doing out there?
#emacrypto