【Treasury Secretary Slams the Fed! Exposes Fraud Scandal Involving High-ranking Officials, Is the Fed About to be Taken Down by Trump?】
U.S. Treasury Secretary Basant directly "attacked" Federal Reserve Chairman Powell on television yesterday, specifically calling for an internal review of Fed Governor Cook — the reason being her alleged involvement in mortgage loan fraud!
It's important to note that Cook just took office as a Fed governor in 2022, wielding significant financial regulatory power, and is considered Wall Street's "guardian of rules." But now, she herself has been exposed for alleged fraud — this is like the referee personally stepping onto the field to play dirty, a surreal plot where the regulator crosses the red line!
Basant showed no mercy on Fox Business Channel, speaking firmly: "This matter must be resolved!" He also directly pointed out Cook's attitude: "We haven't heard her say 'I didn't do it' — she only repeatedly emphasizes 'the president can't get rid of me!'" This dialogue is even more dramatic than 'Succession'!
Even more ruthless was his later soul-searching question: "If Fed officials really committed mortgage loan fraud, why should they still sit in the most important financial regulatory institution in the U.S.?" This question is spot on. The reason the Fed can wield such power is due to public trust. Now that the foundation of trust is shaken, this is definitely not a small matter!
Don't think this doesn't concern you. Any action by the Fed sends ripples through the global economy — the movement of the dollar, inflation pressures, overseas assets, investments tied to the dollar... all could be affected by this turmoil. Now that the Treasury Secretary and the Fed are publicly at odds, what will happen next? Will Powell respond? Will the review take place? Will Cook be removed?
The plot is updating in real-time, this financial drama is even more thrilling than 'Billions'!
What do you think? How do you think this turmoil will end? Will it affect your assets?
Feel free to discuss in the comments and stay tuned for updates!