🟣 Powell Under Fire — The False Testimony Case Goes to the Justice Department
💥 Federal Reserve Chairman Jerome Powell is accused of misleading Congress. He assured that there would be no VIP cafeteria and special elevators during the headquarters reconstruction — but all of this is in the project documentation. Estimate: $2.5 billion.
⚖️ The case was referred by Republican Anna Paulina Luna. Formally — for lying to Congress. Unofficially — this is political pressure amid the Fed's refusal to lower the rate.
📉 Inflation is slowing down, employment is high — but Powell maintains the course. The White House is annoyed, Trump is rumored to be looking for a reason to fire him before 2026.
📈 What this means for the market:
— possible change of Fed chairman
— shift towards aggressive rate cuts
— return of liquidity and fuel for BTC, S&P 500, and gold
📌 Formally — a case about the elevator. Essentially — a struggle for control over the Fed and the course of monetary policy.
