DOJ launches investigation into Fed Chair Powell
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Jerome Powell’s speech is ‘sound of the hammer’ on fiat currency, warn macro analysts
Powell’s video message revived debate over fiat credibility and Fed independence, pushing gold and Bitcoin back into focus. ・Analyst Dario said the fiat system is “structurally compromised” and framed the moment as bullish for precious metals.
President Donald Trump denied that he was involved in the Justice Department's decision to subpoena the Federal Reserve. Chair Jerome Powell said the Federal Reserve was being targeted for making decisions that “serve the public" rather than the president’s “preferences.
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Treasurys Yields Fall as Powell Sounds Gloomy
1539 ET – Fed Chair Powell offers a sobering assessment of the economy and policy risks amid weakening employment and sticky inflation, fuelling demand for Treasurys and sending yields lower. “Two-sided risks mean that there is no risk-free path ...
Sen. Lisa Murkowski calls for a congressional investigation into DOJ’s probe of Fed Chair Powell, citing risks to market stability and Fed independence.