🇺🇸 FHFA wants Congress to investigate the actions of Fed Chair Jerome Powell.
What is he accused of?
🔹 political bias (suspicious rate cuts before elections)
🔹 false statements in the Senate
🔹 billion-dollar renovation of the Fed's main office with 'golden' plumbing — although it was said to be modest.
Official crime? 🤔 Powell likely did not disclose everything in Congress.
Inflation was higher then than it is now, but the Fed acted decisively — today, that energy seems absent. Just a coincidence?
👀 If FHFA takes this seriously, things could get heated.
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