Federal Reserve Chairman Jerome Powell sharply criticized the criminal investigation into the renovation project of the Federal Reserve headquarters, calling it a political escalation driven by President Trump pressuring the Fed to cut interest rates. Powell warned that this investigation threatens the independence of the Federal Reserve and pointed out that its purpose is to distort monetary policy to serve political will. This conflict has heightened uncertainty in financial markets, including the cryptocurrency market, which is highly sensitive to signals about U.S. interest rate policy.
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Federal Reserve Chairman Jerome Powell sharply criticized the criminal investigation into the renovation project of the Federal Reserve headquarters, calling it a political escalation driven by President Trump pressuring the Fed to cut interest rates. Powell warned that this investigation threatens the independence of the Federal Reserve and pointed out that its purpose is to distort monetary policy to serve political will. This conflict has heightened uncertainty in financial markets, including the cryptocurrency market, which is highly sensitive to signals about U.S. interest rate policy.