Powell term expires in May 

Powell is a Democrat. Independent doesn’t mean he can’t be held accountable or be criticized. Besides this indictment will be transitory

Bell_curve

Is this the moment where the independence of the Fed finally collapses?

The war between Treasury and Fed has been heating up over last decade. This is just over debt. Both the high interest rates held by Powell (justifiable in my view) and the lack of US banks being a net buyer of new Treasuries.

The banks "got what they wanted" (they removed all the requirements to hold Treasuries during Covid), thus they are not net buyers of debt anymore.

I think the Treasury / Fed relationship could've survived one of those things, but not both. The combination of Fed holding high interest and simultaneously not buying debt is what has cratered it.

I heard recently Trump claim he thinks 1% interest rates is fair....hahahaha...Imagine loaning someone $100 and making $1 over the next year. Regardless, its a good time to hold Bitcoin.

Politics_And_Law

Fed Chair Powell Under Criminal Probe: "I Won't Bow to Intimidation"

1181882837

>Is this the moment where the independence of the Fed finally collapses?

Would be great, but doubt it. 

The war between Treasury and Fed has been heating up over last decade. This is just over debt. Both the high interest rates held by Powell (justifiable in my view) and the lack of US banks being a net buyer of new Treasuries. 

The banks "got what they wanted" (they removed all the requirements to hold Treasuries during Covid), thus they are not net buyers of debt anymore. 

I think the Treasury / Fed relationship could've survived one of those things, but not both. The combination of Fed holding high interest and simultaneously not buying debt is what has cratered it. 

I heard recently Trump claim he thinks 1% interest rates is fair....hahahaha...Imagine loaning someone $100 and making $1 over the next year. Regardless, its a good time to hold Bitcoin.