🚨 MAJOR DEVELOPMENTS FROM WASHINGTON, D.C. 👀
The U.S. Attorney’s Office in D.C. has reportedly launched a criminal probe involving Federal Reserve Chair Jerome Powell. The investigation centers on the massive renovation of the Fed’s headquarters, which allegedly ballooned far beyond its original budget—into the billions—sparking concerns over spending practices and transparency.
This has taken many by surprise, as the Fed chair is often viewed as largely insulated from this kind of scrutiny.
👉 But here’s the deeper issue…
Powell argues the investigation isn’t truly about construction costs. He believes it’s a form of pressure on the Federal Reserve itself, noting that the timing closely overlaps with intense debates around interest rates and political influence.
Investors are increasingly uneasy that this situation could undermine the Fed’s independence—something that has long been a key pillar of stability for the U.S. economy.
📊 Markets are on high alert.
If central bank independence is weakened, monetary policy decisions could start reflecting political agendas instead of economic data. That kind of uncertainty threatens market confidence across the board.
One investigation. One over-budget renovation. But potentially massive implications for trust in the entire financial system. This story is still developing.
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