📢 A scandal shakes the U.S. Federal Reserve.. and calls for Powell's removal! 💥🇺🇸
In a serious development in the U.S. economic arena, the Director of the Federal Housing Agency and the head of "Fannie Mae" and "Freddie Mac" issued an official statement calling for Congress to investigate U.S. Federal Reserve Chairman Jerome Powell, accusing him of political bias and providing misleading testimony before the Senate.
🔍 The reason? A scandal involving a $2.5 billion renovation of the Federal Reserve building that includes a private dining room, an elevator, and panoramic windows!
According to statements, Powell denied the existence of these luxuries before the committee, despite official documents proving otherwise!
Even Senator "Cynthia Lummis" stated that his testimony was filled with inaccurate information, and that Powell's behavior was characterized by indifference and administrative arrogance.
📉 This scandal could lead to a crisis of confidence in the Federal Reserve, amid rising criticism from the Trump administration calling for his removal under the "for cause" clause.
🧠 My personal opinion:
What is happening now is unprecedented, and we could see serious repercussions on the dollar and U.S. monetary policies if the investigations develop... This could be the beginning of dismantling the Federal Reserve's influence under the Trump administration!
The question for you:
Do you think this scandal will actually lead to Powell's removal?
📈 Yes, I expect that
❤️ Just a temporary political pressure
📉 No, the Federal Reserve is insulated and will not be affected
