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Fed Subpoenaed As DOJ Launches Criminal Probe into Jerome Powell, Who Vows to “Stand Firm”…

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While Trump’s vendetta against the Fed’s Lisa Cook set for a January showdown before the Supreme Court, the Trump admin dramatically raised the stakes on Sunday when the NYT first reported, and minutes later Fed Chair Jerome Powell confirmed that the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, in what Bloomberg said was a dramatic escalation of the Trump administration’s attacks on the Fed…

The Debt Crisis Has No Escape…

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The world’s richest nations are out of fiscal options. Even The Economist now admits debt can’t be repaid and growth won’t fix it. When governments inevitably inflate away currencies, where does that leave their citizens?…

Federal Reserve Quietly Pumps $29.4 Billion Into Banking System…

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In the middle of the night, while most Americans were asleep, the Federal Reserve injected $29.4 billion into the U.S. banking system. It was a “repo operation” — short for repurchase agreement — a mechanism the Fed uses to lend cash to banks in exchange for collateral, usually Treasury securities…

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