đš BREAKING: FED CRISIS HITS WASHINGTON! đ„
watch these top trending coins closely
Federal Reserve Chair Jerome Powell revealed that the Justice Department has served him grand jury subpoenas, threatening a criminal indictment over his June congressional testimony about the $2.5 billion renovation of the Fedâs headquarters. This is not a small probe â it directly challenges the credibility of the Fedâs top official.
Sources say Trump is furious and wants Powell to face serious consequences. The President has repeatedly criticized the Fed for keeping interest rates âhigher for longerâ and blames Powell for slowing economic growth and hurting small businesses. Now, the DOJ investigation could give Trump a pathway to punish Powell, while sending a shockwave through the financial system.
The stakes are huge:
A criminal case against the Fed Chair is unprecedented.
Markets are watching closely â even rumors of this kind can trigger volatility in stocks, bonds, and crypto.
It adds political pressure as Trump continues his push for lower rates and fiscal stimulus.
This isnât just a legal matter â itâs a battle over the future of U.S. monetary policy. Everyone from Wall Street to Washington is now asking: Will the Fed survive unscathed, or is this the start of a historic showdown?
The next few weeks could redefine power between the White House and the central bank, and the consequences will ripple through the global economy.
