@cryptoosya
Criminal Investigation Against the Fed Chair đ±
A criminal investigation has been opened against Jerome Powell over the âgold-platedâ renovation of the Federal Reserve building.
They are talking about $2.5 billion in spending. But in reality, the investigation was launched because the Fed is not yielding to political pressure and is not cutting rates when the president wants it to.
In essence, Powell stated that the accusations are a response to the Fedâs independent policy, not a budget issue.
Why this matters:
â Powellâs term ends in 2026
â Donald Trump has been criticizing him for a long time
â Calls to cut rates have been coming for months
If the Fed truly starts being broken under political pressure, we can forget about an independent monetary system. And that directly hits the dollar, interest rates, financial markets â and, of course, crypto.