The big new financial soap opera surrounds this weekend’s news of the federal criminal investigation into the Federal Reserve and, specifically, Chairman Jerome Powell. That move is unprecedented; as was Powell’s blunt response last evening. Here–acknowledging the initial, knee-jerk reactions to Trump as either a modern-day anti-banker Andy Jackson OR an Emperor Nero-like thug and crackpot by many–Yours truly as usual covers this with MATH and FACTS. And among the possible outcomes I discuss, Trump may have made it more likely than not that Jerome Powell actually STAYS in his present post past May!
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