Federal Reserve Chair Powell is in big trouble. Prosecutors have launched a criminal investigation into the astronomical budget—$2.5 billion—for the headquarters renovation project, which ultimately went over budget by nearly $700 million.
The real bombshell is this: the prosecution accuses Powell of perjury in Congress. He had vehemently denied that the project involved luxury features like a "private elevator" and "marble flooring," but now that has been proven false. Perjury is no small matter; it means that the person with the most influence over the Federal Reserve's voice is losing credibility at an alarming rate.
Looking at it from another angle: a decision-maker who controls the supply of dollars and directly influences global liquidity, if questioned about basic integrity, every interest rate adjustment and policy statement will be re-evaluated by the market. This uncertainty is precisely the most sensitive string in the crypto market. The Federal Reserve's aura of independence is about to be burned to a crisp.
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RamenStacker
· 1h ago
Haha, Powell is really doomed now, perjury, brother... Can we still trust the Federal Reserve?
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25 billion overspend, 7 billion? This isn’t money that retail investors should be spending.
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Without integrity, everything is gone. The biggest fear in the crypto world is this kind of uncertainty.
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Private elevators, marble... Is this being built as a five-star hotel?
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The Federal Reserve’s halo is shattered. What’s next?
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If this is truly perjury, we need to reconsider every policy statement.
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Controlling the US dollar supply while committing perjury—this logic is incredible.
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The crypto circle has been tense for a long time, and now it’s tightening again.
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Waiting to see what happens next, feels like it’s going to blow up.
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Federal Reserve independence? Ha, now that’s a joke.
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MysteryBoxBuster
· 5h ago
Wow, is the Federal Reserve's credit bankrupt now? Powell's move directly delivers a big gift to the crypto world.
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ChainBrain
· 5h ago
Wait, did Powell really mess up this time? Perjury, this is no small matter
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The person with the most influence in the Federal Reserve has lost credibility, the crypto world is in for some drama
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25 billion still overspent by 700 million, really spending boldly, taxpayers' hard-earned money
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If this is confirmed, how much credit does the dollar still have? BTC is about to take off
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Private elevators, marble? Are we joking? What kind of operation is this
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The Federal Reserve's independence halo has been burned out, what about our assets? The uncertainty here really can't be sustained
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Perjuring in Congress is truly outrageous, I watch this political drama with my eyes wide open
View OriginalReply0
SatoshiLeftOnRead
· 5h ago
Damn, this scoop is really huge... Powell, are you putting on a show for us? Perjury charges just need to be filed.
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So the Federal Reserve is starting to cause trouble now? No wonder people in the crypto world say they don't trust centralized institutions...
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2.5 billion in renovations + 700 million overspending, this amount is even more than the GDP of some small countries. LOL
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Decision-makers whose integrity is bankrupt control global liquidity, this script is truly brilliant.
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No wonder Bitcoin has been active again recently. The Fed is just digging its own grave.
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It’s really outrageous to accuse someone of perjury, especially the Fed Chair... losing their voice directly.
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Federal Reserve Chair Powell is in big trouble. Prosecutors have launched a criminal investigation into the astronomical budget—$2.5 billion—for the headquarters renovation project, which ultimately went over budget by nearly $700 million.
The real bombshell is this: the prosecution accuses Powell of perjury in Congress. He had vehemently denied that the project involved luxury features like a "private elevator" and "marble flooring," but now that has been proven false. Perjury is no small matter; it means that the person with the most influence over the Federal Reserve's voice is losing credibility at an alarming rate.
Looking at it from another angle: a decision-maker who controls the supply of dollars and directly influences global liquidity, if questioned about basic integrity, every interest rate adjustment and policy statement will be re-evaluated by the market. This uncertainty is precisely the most sensitive string in the crypto market. The Federal Reserve's aura of independence is about to be burned to a crisp.