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$ZEN $DUSK $AXS
The Fed is in full blown chaos! Democratic heavyweights Warren and Durbin just slammed a formal demand on the Justice Department and Housing Finance Agency for every document tied to the Powell Investigation, labeling it a blatant abuse of power and markets are holding their breath. Shockwaves hit as Treasury Secretary Basent, usually cautious, publicly attacks Powell calling his Supreme Court appearances judicial interference and blasting his pandemic bond buys that caused massive losses and executive resignations. On Wall Street, the CEO would have been out yesterday he warned. Powell now faces subpoenas, investigations, and political encirclement on all sides, while the Supreme Court prepares to rule on Cook’s dismissal and decision that could shake the independence of the central bank to its core.