Family, come and see! The U.S. financial circle exploded today — Treasury Secretary Basant directly named Federal Reserve Chair Powell on Wednesday, stating that "an internal review must be conducted first," and clearly included the "mortgage fraud allegations" against Federal Reserve Governor Cook in the scope of the review!​

This is not a trivial matter! Let me give you some background: Cook just took office as a Federal Reserve Governor in 2022 and is responsible for a lot of financial regulation, but now is being accused of mortgage fraud, which is equivalent to "the regulator crossing the red line"! Basant expressed his dissatisfaction during an interview on Fox Business Channel, saying, "This matter must be resolved!" He also punctured Cook's "tough stance" — "We haven't heard her say 'I didn't do it', we only hear her repeatedly say 'the president can't remove me'!"​

What's even more severe is Basant's statement: "If Federal Reserve officials really committed mortgage fraud, why should they stay in the most important financial regulatory agency in the United States?" This directly highlights the key issue — the Federal Reserve's standing relies entirely on the trust of the American people! Now that such a situation has arisen, trust is shattered everywhere!​

It’s important to know that every action of the Federal Reserve affects the dollar's trend, global inflation, and even the overseas assets we hold may be implicated. Now that the Treasury Secretary and the Federal Reserve have directly "torn apart their faces," will Powell respond? Will the internal review truly investigate thoroughly? Will Cook be dismissed? This plot is even more exciting than a TV drama!​#美联储降息周期