🏛️ Fed Independence Under Siege: Powell Faces DOJ Criminal Probe! 📉
The market is reeling as the DOJ reportedly opens a criminal investigation into Fed Chair Jerome Powell. Amidst this unprecedented political storm, Goldman Sachs has stepped in to provide a reality check for investors.
🛡️ Goldman Sachs: "Powell Won't Back Down"
At the 2026 Global Strategy Conference, Goldman’s Chief Economist, Jan Hatzius, addressed the elephant in the room. While acknowledging that legal threats are fueling fears of political interference, his message was clear:
Data Over Subpoenas: Hatzius expressed "zero doubt" that Powell will remain steadfast, making interest rate decisions based strictly on economic data rather than political pressure.
No Bias: Whether the Fed raises or lowers rates, the move will follow macro indicators, not the weight of a grand jury investigation.
Institutional Integrity: Despite the DOJ's focus on the Fed's headquarters renovation (viewed by many as a pretext), the Fed’s monetary compass remains intact.
📉 Market Impact: Gold vs. USD?
While Goldman trusts Powell’s resolve, the market is on edge. Could this political instability trigger a flight from the USD?
If confidence in the Fed’s independence wavers, we may see a massive surge in safe-haven assets. Watch these levels closely:
💰 Gold ($XAU) and Silver ($XAG) are already testing new highs as investors hedge against institutional uncertainty.
⚠️ Disclaimer: This news is for reference only and does not constitute investment advice. Always DYOR (Do Your Own Research) before trading.
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