🔥 Criminal Investigation Launched:
The Trump administration has escalated its long-running conflict with Federal Reserve Chair Jerome Powell by supporting a DOJ criminal investigation into Powell’s congressional testimony about costly Fed headquarters renovations — a move Powell calls political pressure to force interest-rate cuts. �
Reuters +1
⚠️ Unprecedented Pushback:
Critics — including former Fed chairs (Yellen, Bernanke, Greenspan) — condemn the probe as an “unprecedented assault” on Fed independence, warning that political interference in monetary policy could $BTC unsettle financial stability.
Reuters
🌍 Market Impact:
The clash has already shaken markets: the U.S. dollar weakened, gold surged, and investors are pricing in increased uncertainty about future rate decisions and central-bank autonomy.
The Guardian
🧠 Trump’s Position:
Trump denies direct involvement in the investigation but continues to publicly criticize Powell’s handling of monetary policy and signals he may nominate a successor more aligned with his economic goals.
Reuters
📊 Big Picture:
This is one of the most intense showdowns in modern US history between the White House and the central bank — raising questions about the balance between political leadership and independent monetary policy. 
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