Jan. 12 at 3:18 AM
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Powell:
"This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings.
It is not about Congress's oversight role.
The Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project.
Those are pretexts.
❌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"❌
If anyone still believes the independence of the Federal Reserve will emerge unscathed, they are mistaking ritual for reality. Institutions do not collapse all at once; they are strangled slowly, until obedience replaces principle & fear replaces law. What we are witnessing is not governance, but coercion, better ready yourselves
https://youtu.be/icvXhAT_Q3Q?si=Clvn-J22iVHuxoSQ&t=25
