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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
Post with #MyFirstPostOnSquare to receive a $50 Position Voucher each
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#PowellUnderCriminalInvestigation
Criminal Investigation Against Fed Chairman Jerome Powell!
The US Department of Justice has launched a criminal investigation against Jerome Powell for allegedly lying in Congress regarding a $2.5 billion renovation project for the Fed headquarters building. In a video released Sunday night, Powell described this as a "direct attack on the independence of the Fed" and stated that the real reason for the investigation was his resistance to pressure from the Trump administration to cut interest rates. Impact on markets:
Dollar weakened, gold hit a record high.
Bitcoin rose over 1% (approaching ~$91,700) due to safe-haven demand.
While volatility increased in stocks, experts emphasize that this shake-up in Fed independence could create strong long-term buying opportunities for cryptocurrencies (especially BTC) – "Trust in centralized systems is decreasing, and the shift towards decentralized assets is accelerating."
This development brings Trump's pressure on the Fed to a peak. Markets are tense.