The Federal Reserve Plays a "Defense Battle": Receiving Subpoenas While Refusing to Cut Rates?
1/ 📜 Department of Justice Subpoena: Criminal investigation into the Fed's building renovation project is escalating. Powell explicitly states this is an "excuse" for political pressure aimed at undermining the independence of interest rate decisions.
2/ 🦅 Collective Tightening of Lips: Officials like Kashkari and Bostic jointly state tonight that inflation remains high, and rate cuts may be temporarily halted in January. Kashkari even explicitly supports Powell, saying that the past year's develop
1/ 📜 Department of Justice Subpoena: Criminal investigation into the Fed's building renovation project is escalating. Powell explicitly states this is an "excuse" for political pressure aimed at undermining the independence of interest rate decisions.
2/ 🦅 Collective Tightening of Lips: Officials like Kashkari and Bostic jointly state tonight that inflation remains high, and rate cuts may be temporarily halted in January. Kashkari even explicitly supports Powell, saying that the past year's develop
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