That Powell is coming right out to say that we are about to be a financial banana republic is extremely alarming, as this act of brave defiance may wind up being the last independent gasp of the United States Federal Reserve, upending the entire theoretical basis the global economy has operated on for over a century. What could possibly go wrong?
On Sunday night, news broke that the Justice Department has commenced a criminal investigation into Federal Reserve chair Jerome Powell, an unprecedented move that marked an aggressive escalation of Donald Trump’s ongoing effort to seize more control of the historically independent Fed, which sets monetary policy for the US economy. For months, Trump has expressed […]