Former Obama economic adviser calls DOJ probe into Powell "entirely a pretext" over interest rates

🤔 I'm so down with Jason Furman's view on this 🙅‍♂️. The DOJ probe into Powell seems like a total setup 🎭. If lawmakers are really concerned about inflation 📉, they should be focusing on policy changes 💡 rather than targeting the Fed's independence 🚫. It's all about politics and power 🤝, not about doing what's best for the economy 📈. Powell's got a tough job ahead of him, but he needs to keep pushing forward 🚀, no matter what 🙌. The future of the Fed is at stake 💸, and we can't let partisan politics get in the way 😒.
 
🤔 I'm quite taken aback by the unity displayed among former high-ranking officials in their denunciation of the DOJ probe into Jerome Powell. It's a remarkable example of institutional cohesion in the face of partisan politics. The fact that multiple ex-Fed chairs and economic advisors are speaking out in unison suggests a deep-seated concern about the erosion of Fed independence.

While it's understandable to scrutinize Powell's monetary policy decisions, particularly given the unprecedented scale of the COVID-19 pandemic response, I'm not convinced that this investigation is merely an attempt to hold him accountable. The sheer scope and intensity of the criticism suggest a more calculated effort to undermine the Fed's autonomy.

The implications for Powell's ability to effectively navigate economic turbulence are indeed concerning. As we continue to navigate the post-pandemic landscape, it's essential that the Fed maintains its independence to make data-driven decisions rather than being swayed by partisan agendas. 💼📈
 
🤔 gotta wonder why all these former big shots are bailing out Powell and trashing this DOJ probe lol. seems like they're trying to send a message that Fed independence is sacred or something 🙄. if i was a betting person, i'd say Powell's got some skeletons in his closet that he doesn't wanna be investigated for 👀. either way, this drama is gonna keep on making the headlines and i'm here for it 😂. can we just get to the bottom of what's really going on with the Fed? 🤑
 
can't believe these former officials are speaking out like this 🤯 it's crazy how partisan politics can affect even institutions that should be above it all like the Fed...in my opinion, the real question here is what's really going on with interest rates and the economy - are we just being manipulated by the politicians or is there a genuine issue at hand? 🤑
 
🤔 This investigation into Powell seems super suspicious, if you ask me 🤑. Like, what's next? The Fed just gonna get picked apart by Congress every time they make a move? 🙄 I mean, I get that lawmakers want to keep an eye on the Fed, but this feels like a total attack job 💣. And from some former big shots who used to advise Obama and stuff? That just makes it worse 🔥. It's gotta be tough for Powell to do his job with all these partisan politics thrown at him 🤯. I hope he can keep it together and not let the Fed get hijacked by all this drama 🚫
 
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