Federal Reserve Chair Jerome Powell revealed on Monday that he and his family have been targeted by a threat, reportedly from the Department of Justice (DOJ), which warned them that they could face a criminal indictment if the Fed does not comply with their demands.
According to sources close to the matter, Powell's home has been targeted in the apparent extortion attempt. The DOJ allegedly made this thinly veiled threat to try and influence the Federal Reserve's decisions on monetary policy and interest rates.
The exact nature of the DOJ's demands remains unclear, but it is reportedly related to the Fed's stance on inflation control and its response to the economic uncertainty caused by the pandemic.
Powell emphasized that the threat was investigated by the FBI, which found no evidence of wrongdoing. Nonetheless, he expressed concern over the intimidation tactics employed by the DOJ in their dealings with high-ranking government officials.
This disturbing incident highlights the growing tensions between the executive and legislative branches of the US government. It also raises questions about the limits of executive power and the independence of key government agencies, such as the Federal Reserve.
The Federal Reserve has since issued a statement expressing its commitment to upholding its statutory mandate and ensuring the stability of the financial system.
According to sources close to the matter, Powell's home has been targeted in the apparent extortion attempt. The DOJ allegedly made this thinly veiled threat to try and influence the Federal Reserve's decisions on monetary policy and interest rates.
The exact nature of the DOJ's demands remains unclear, but it is reportedly related to the Fed's stance on inflation control and its response to the economic uncertainty caused by the pandemic.
Powell emphasized that the threat was investigated by the FBI, which found no evidence of wrongdoing. Nonetheless, he expressed concern over the intimidation tactics employed by the DOJ in their dealings with high-ranking government officials.
This disturbing incident highlights the growing tensions between the executive and legislative branches of the US government. It also raises questions about the limits of executive power and the independence of key government agencies, such as the Federal Reserve.
The Federal Reserve has since issued a statement expressing its commitment to upholding its statutory mandate and ensuring the stability of the financial system.
? So this is happening with the head of the Federal Reserve and his family being targeted by some people from the Department of Justice? Like, who does that? 
It sounds super intense and scary for him and his fam. And it's because of some stuff about inflation control? I don't get how that relates to them trying to extort him or whatever... 
That doesn't seem like a healthy system... 
The fact that it's the DOJ doing this, I can understand why Powell would be worried - they do have a lot of power and influence. But at the same time, you'd think that people in positions like that would have some protection from intimidation tactics. 
Either way, it's not good for democracy when you have these kinds of threats and allegations flying around. 
. Powell's right to be worried tho - gotta wonder if he's getting paid enough to deal with this drama 
. Shouldn't the FBI just focus on actual crime and not playing politics? 
like what happens when power plays get too intense? 
and all this talk of DOJ threats makes me think we're living in a real-life spy thriller 
anyone have a link to more on this? 
- I mean, a threat from the DOJ? That's just scary. I'm not sure what's going on with our country right now, but it feels like someone is playing politics with the economy and people's lives 
. It's not like he's some kind of enemy to the government. I'm all for accountability, but this feels like intimidation.
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. And can't they just have an open discussion about their concerns instead of trying to intimidate each other? 
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! I'm all for keeping the Fed in check, but threats against their personal lives? That's just wrong 
. It's like they're trying to control not just monetary policy, but people's lives too. Like, what's next? Threatening politicians' families? 
. And hopefully, this incident will prompt some real action from lawmakers to address these kinds of threats and protect everyone involved 
i mean i get it, politics can get crazy but extortion tactics? that's just sick 
but DOJ still tryna make threats?
Can we get some answers on what's really going on here? The Fed needs to stay independent and make decisions based on the economy, not some backroom deal. 