In a highly unusual move - the Department of Justice has opened a criminal investigation into Federal Reserve chair Jerome Powell. As America faces a high-stakes standoff over the future of the Federal Reserve, the traditional independence of the nation’s central bank is under direct attack. This video explores the intensifying war between the White House and Fed Chair, over a $2.5 billion headquarters renovation. We break down why many experts believe this probe is a mere pretext intended to bully the Fed into slashing interest rates to rock-bottom levels, potentially putting the long-term stability of the U.S. economy at risk for short-term political gains.We also take a closer look at the "agents of chaos" Bill Pulte, Judge Jeanine Pirro and the "shadow" economic strategies currently in play, from the FHFA’s controversial bond-buying programs to the proposed 10% cap on credit card interest rates. From the strategic blockade in the Senate by Senator Thom Tillis to the "Miran Limbo" on the Fed’s Board of Governors, we unpack the technical and political maneuvers being used to bypass Jerome Powell. Is the U.S. headed toward a "banana republic" risk premium, or can its institutional guardrails hold firm? Join us as we examine the true price of a political Fed and what it means for the future of the dollar.
Patrick Boyle on Hidden Forces: https://open.spotify.com/episode/7JqqPA70sutlCJ9bh7kruL?si=Cxz13eubSnGHtHSoVDMgKQ
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Ways To Support The Channel:
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle