The news that the US Department of Justice is investigating Federal Reserve Chair Jerome Powell has renewed scrutiny over the central bank’s independence and the implications for investor confidence. Over the past few days, gold prices have reached record highs while the dollar has weakened. Although the immediate impact on crypto has been limited, Bitcoin’s response may test whether it functions as a non-sovereign hedge or remains viewed primarily as a speculative asset. DOJ Probe Escalates Pressure On Fed In an extraordinary video statement uploaded Sunday evening, Powell unveiled that US prosecutors are investigating him over the Fed’s renovation of its Washington headquarters
source: https://beincrypto.com/fed-independence-fears-rattle-markets-bitcoin/