🚨 BIG NEWS OUT OF DC — POWELL UNDER CRIMINAL PROBE 👀
Washington is buzzing.
The U.S. Attorney’s Office in D.C. has opened a criminal investigation into Federal Reserve Chair Jerome Powell, linked to the massive renovation of the Fed’s headquarters — a project that reportedly blew past budget into the billions, raising serious questions about spending and transparency.
This caught markets off guard.
The Fed Chair is usually seen as untouchable.
⚡ Here’s the real issue:
Powell says this isn’t about buildings — it’s about pressure on the Fed.
The timing, he argues, lines up too perfectly with rising political tension and rate battles to be a coincidence.
🧠 Why investors are nervous:
• Potential threat to Fed independence
• Risk that rate decisions become politicized
• Long-term trust in the U.S. financial system at stake
📉📈 Market implications:
If the Fed’s independence weakens, uncertainty explodes — and markets hate uncertainty.
One investigation.
One over-budget renovation.
But the fallout could ripple across rates, equities, crypto, and the dollar.
This story is still developing. Stay alert.
🪙 Coins in focus:
$XMR | $IP | $RIVER
#Fed #Powell #dc #MacroRisk #WriteToEarnUpgrade