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🏛️ POWELL UNDER FIRE: $2.5B FED HQ RENOVATION EXPLAINED 🇺🇸⚠️

Fed Chair Jerome Powell is facing intense scrutiny after details emerged around the $2.5 BILLION renovation of the Federal Reserve’s historic headquarters.

🔍 What happened?

• June 2025: Powell testified before the Senate Banking Committee

• July 2025: Follow-up written responses + a Trump-led site tour

• Early 2026: DOJ launches a criminal investigation, issuing subpoenas

💥 Why costs exploded:

• Asbestos & lead removal 🧱

• Major safety & accessibility upgrades ♿

• Inflation-driven labor & material costs 📈

• Modernizing century-old 1930s buildings

❌ Powell firmly denies claims of luxury upgrades

✅ Says project is about safety, compliance, and long-term efficiency

⚠️ Why markets care:

• Fed independence under pressure

• Political heat = confidence risk

• Macro uncertainty fuels volatility across risk assets

👀 Coins to watch as macro tension rises:

$ZEN | $ICP | $DOLO

#Write2Earn #MacroNew #FedWatch