Jerome Powell has responded after reports of a criminal investigation by federal prosecutors. His message was clear: the Fed sets rates based on what it believes is best for the public — not political demands.
Translation👇 This is about Fed independence. Recent rate decisions didn’t align with the administration’s wishes, and the fallout has turned political.
Markets should pay attention. When pressure on the Fed shifts from economic to political, institutional trust and policy credibility are at risk — and that’s a major macro signal for $BTC and risk assets.
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🚨 $BTC HOT: Powell Under Fire
Jerome Powell has responded after reports of a criminal investigation by federal prosecutors. His message was clear: the Fed sets rates based on what it believes is best for the public — not political demands.
Translation👇
This is about Fed independence. Recent rate decisions didn’t align with the administration’s wishes, and the fallout has turned political.
Markets should pay attention.
When pressure on the Fed shifts from economic to political, institutional trust and policy credibility are at risk — and that’s a major macro signal for $BTC and risk assets.