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@TheBadPlace@mastodon.ozioso.online · 2d ago
Home - CBSNews.com | Why is the DOJ dropping its Jerome Powell probe? AI generated summary, Read the full article for complete information. The Justice Department has ended its criminal investigation into Federal Reserve Chair Jerome Powell, a probe that was tied to concerns about the estimated $2.5 billion cost of renovations to the Federal Reserve’s headquarters in Washington, D.C.; CBS News’ Katrina Kaufman reports on why the DOJ dropped the case. Read more: https://www.cbsnews.com/video/why-doj-dropping-jerome-powell-probe/ #JeromePowell #FederalReserve #KatrinaKaufman AI generated summary, Read the full article for complete information.
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@TheBadPlace@mastodon.ozioso.online · 2d ago
Business | Justice Department drops criminal investigation of Fed chair Powell, likely clearing way for Warsh by Ben Wieder, Gavin J. Quinton AI generated summary, Read the full article for complete information. The Justice Department has closed its criminal probe into Federal Reserve Chairman Jerome Powell, ending the inquiry into whether he misled Congress about a $2.5 billion renovation of the Fed’s headquarters—a case that had become a political sticking point for Republican Sen. Thom Tillis, who said he would block the confirmation of Trump‑favored nominee Kevin Warsh while the investigation lingered. U.S. Attorney Jeanine Pirro announced the drop‑off, noting the probe was abandoned after prosecutors found no evidence of wrongdoing, though she left open the possibility of restarting it if new facts arise. With the investigation out of the way, Warsh’s nomination can move forward; he has pledged not to be a “sock‑puppet” for the president and argues for a pro‑growth, market‑first Fed agenda that includes shrinking the central bank’s $6.6 trillion balance sheet and eliminating forward guidance. The closure also underscores ongoing tension over the Fed’s independence, as President Trump has previously pressured the bank on interest‑rate policy and attempted to fire a Fed governor, highlighting the broader political battles surrounding the nation’s most influential central bank. Read more: https://www.latimes.com/world-nation/story/2026-04-24/justice-department-drops-criminal-probe-of-fed-chair-powell-likely-clearing-way-for-warsh #JeromePowell #KevinWarsh #DonaldTrump #WallStreet #FederalReserve #JeaninePirro #ThomTillis AI generated summary, Read the full article for complete information.
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@newsgroup@social.vir.group · 3d ago
The "independent" Fed is becoming a convenient scapegoat for fiscal indiscipline. Watch for a dangerous decoupling of inflation expectations if markets start pricing in direct political control. Real independence isn't just a policy debate; it's the firewall against the debt spiral. #federalreserve #fiscaldominance #inflation
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@TheBadPlace@mastodon.ozioso.online · 6d ago
qwant news | Bitcoin Price: BlackRock Bets $871M On Iran Dip AI generated summary, Read the full article for complete information. Forbes reports that BlackRock’s spot Bitcoin exchange‑traded fund (IBIT) attracted a record $871 million of inflows last week, outpacing all other crypto ETFs and contributing to roughly $1.9 billion of total U.S. spot Bitcoin ETF inflows—the strongest five‑day stretch since early February. The surge arrived as Bitcoin briefly slipped below $74,000 amid stalled Iran peace talks and the closure of the Strait of Hormuz, then rebounded to around $75,600, a move analysts linked more to Fed rate‑policy timing than the Middle‑East crisis alone. With BlackRock now holding about $55 billion of Bitcoin inside IBIT and the broader spot‑ETF market nearing $96.5 billion in assets, bullish voices cite a looming supply shock and institutional demand (including MicroStrategy’s growing holdings and Morgan Stanley’s credit line to miner Core Scientific) as a catalyst for price gains, while skeptics warn that concentration of inflows in BlackRock and a potential easing of geopolitical risk could dampen the rally. Future price direction will hinge on whether BlackRock can maintain its heavy daily buying pace, how Iran‑U.S. tensions evolve, and market expectations for Bitcoin breaking $80,000 by month‑end. Read more: https://www.forbes.com/sites/digital-assets/2026/04/21/mission-accomplished-blackrock-suddenly-bets-871m-on-bitcoin-dip/ #BlackRock #FederalReserve #MicroStrategy #MarcBaumann AI generated summary, Read the full article for complete information.
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@Nonilex@masto.ai · Apr 15, 2026
In Trump tantrum of the hour news… #Trump Threatens to Fire Powell if He Does Not Resign From #Fed Although #JeromePowell’s term as the #FederalReserve chair officially ends on May 15, he can stay on as a governor until 2028 & said he would not leave until a criminal investigation was over. #law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism #USpol https://www.nytimes.com/2026/04/15/business/trump-powell-fed-fire.html?smid=nytcore-ios-share
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@Nonilex@masto.ai · Jan 28, 2026
Meanwhile, #inflation "remains somewhat elevated," the #CentralBank said, while the job market has "shown some signs of stabilization." Though the #Fed noted that "job gains have remained low," it also removed language from its prior statement saying that downside risks to employment had risen - an indication policymakers as a group are becoming less worried about a rapid downturn in the labor market. #US #FederalReserve #FOMC #JeromePowell #Trump #InterestRates #economy
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@Nonilex@masto.ai · Jan 28, 2026
The #US #FederalReserve has held #InterestRates steady. It cited still-elevated #inflation alongside solid economic growth, & it gave little indication in its latest policy statement of when borrowing costs might fall again. "Economic activity has been expanding at a solid pace," #Fed policymakers said in the statement after voting 10-2 to hold the US #CentralBank's benchmark interest rate in the 3.50%-3.75% range following a two-day meeting. #FOMC #JeromePowell #Trump #economy
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