đš BREAKING DRAMA IN WASHINGTON đșđž
Fed Chair Jerome Powell finally hit back â and this time, he didnât stay silent.
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After Trump-linked prosecutors launched what Powell called a âsham investigationâ, the usually calm central banker spoke directly to the public. He revealed that the Justice Department sent grand jury subpoenas, threatening criminal charges over his past Senate testimony about the Fedâs building renovation. But Powell made one thing very clear: this is not really about buildings.
In simple words, Powell says this is political pressure. He warned that the charges are just an excuse â a pretext â because the Federal Reserve refused to cut interest rates just to please the President. Powell said the Fed set rates based on data, inflation, and jobs, not politics. He reminded everyone that he has served under both Republican and Democrat presidents and always stayed neutral. His message was powerful and shocking: this fight is about whether the Fed stays independent or becomes controlled by politicians. Powell says he will not back down, even under threats â because protecting the economy sometimes means standing alone.
This moment matters. If politics controls interest rates, inflation, markets, and the dollar are all at risk. The battle is no longer hidden â itâs out in the open now. đ
