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2026-01-12 02:16:09 UTC

AI6YR Ben on Nostr: 👀 "...January 11, 2026 Statement from Federal Reserve Chair Jerome H. Powell... On ...

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"...January 11, 2026
Statement from Federal Reserve Chair Jerome H. Powell...

On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. ...

...The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President...."

https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm

#fed #economy #politics