Investigative Journalism | Exposing What Lies Beneath
The Federal Reserve raised interest rates for the first time in three years, targeting a range of 3.75%-4.00%, with expectations for another hike by year’s end. This hike reflects a strong economy rather than a failing one, although some inflation pressures relate to current administration policies. The next FOMC meeting is critical, coinciding with the election season.
Senator Thom Tillis (R-NC) is blocking any Federal Reserve chair nominee until the Justice Department concludes its investigation of former Chair Jerome Powell. This standoff illustrates a power struggle between institutional conservatives and the Trump administration, raising concerns about accountability, Senate independence, and the future legitimacy of the Federal Reserve amidst economic uncertainty.
Sen. Thom Tillis Draws a Line: No Fed Nominee Until DOJ Resolves Powell Probe — Even Under Trump Read More