Criminal Investigation Launched Against Jerome Powell: What Did the Federal Reserve Chair Do?
Prosecutors are looking closely at whether Powell gave misleading information to Congress about the project’s true scale. During a congressional hearing in June, Powell denied claims that the renovation included luxury features such as private elevators, VIP dining rooms, new marble fittings, and rooftop terraces.
Read MoreFederal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
WASHINGTON (AP) — Federal Reserve Chair Jerome Powellsaid Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.
The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed,
Read MoreFederal prosecutors open criminal investigation into the Fed and Jerome Powell
Washington
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Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about the central bank’s $2.5 billion renovation of its headquarters in Washington, DC,
The stunning action against the independent Federal Reserve was met with an equally extraordinary statement posted by Powell in a video Sunday night,
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Read MoreFed Chair Jerome Powell describes federal criminal probe as political pressure, vows to stand firm
Federal Reserve Chair Jerome Powell revealed Sunday night that federal prosecutors have launched a criminal investigation involving his actions.
In a recorded statement released on the Federal Reserve’s official X account, Powell said the Justice Department delivered grand jury subpoenas to the Fed late last week, signaling the possibility of criminal charges tied to his testimony before the Senate Banking Committee last June.
Read MoreThe US is taking control of Venezuela and targeting Greenland. The Dow could still hit 50,000
The United States attacked Venezuela and President Donald Trump is threatening to take Greenland “the hard way.” All the while, the US has an uncertain economic outlook and a weak jobs report.
But the Dow Jones Industrial Average could still hit a record 50,000 points on Monday.
The Dow,
Read MoreThe Burst
Billionaire Sells Major AI Stock
Over three decades, Druckenmiller compounded capital at roughly 30% a year without a single losing year, a record I am not sure is matched by anyone, anywhere Buffett included. So what’s this investing maestro doing now?
In the third quarter, Druckenmiller exited Broadcom entirely, a company that is a tollroad in the chip wars of AI.
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Read MoreThe Ivy
Warren Buffett’s Final Warning Shot
At Berkshire Hathaway, cash has swelled to levels that dwarf the market capitalizations of many household-name companies. Estimates put the pile near $400 billion, much of it parked in short-dated U.S. Treasuries.
Berkshire didn’t wake up one morning and decide to sit on mountains of cash. The buildup has been gradual,
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Read MoreThe Spotlight
Wall Street Gave Up, The Business Didn’t
Most people still think of Docusign as a digital signature tool. That’s a mistake, and it’s exactly the gap management is trying to exploit.
Over the last year, Docusign has rolled out its Intelligent Agreement Management platform, which aims to solve a much bigger and more expensive problem: what happens after a contract is signed.
» Read more about: Wall Street Gave Up, The Business Didn’t »