Unprecedented! The Department of Justice is “holding a gun to the Fed’s head”—has the U.S. market’s “darkest hour” arrived?
The U.S. Department of Justice has launched a criminal investigation into Federal Reserve Chair Jerome Powell. This event marks an unprecedented escalation of conflict between the White House and the Fed, and the news triggered simultaneous sharp declines in U.S. stocks, bonds, and the dollar.
According to Reuters,