DOJ Opens Criminal Probe Into Federal Reserve Chair Jerome Powell

[bonk]

The US Department of Justice has opened a criminal investigation into Jerome Powell, alleging misuse of funds tied to renovations of Federal Reserve office buildings. Powell has denied the accusations, calling them politically motivated and linked to tensions over monetary policy decisions.

Trump has long criticized the Federal Reserve for not cutting interest rates aggressively enough and previously toured the renovation sites himself. The investigation adds a new layer of uncertainty to US monetary policy, raising concerns about political pressure on central bank independence.

[chainsniff]

doj investigating powell in an election year feels extremely normal and cool