qinbafrank
qinbafrank|Jan 13, 2026 03:05
Why did you say this morning that the criminal investigation into Powell is likely to end abruptly and hastily? Bloomberg's latest report is evidence that the criminal investigation into Powell was initiated by federal prosecutor Pirlo without seeking the consent of the Department of Justice leadership. The investigation triggered strong opposition from legislators and the financial circle, and Trump also began to change its mouth to keep a distance from this time. The key figure determining the direction of this investigation is Senator Thom Tillis, not Besant. Why do you say that? 1) Tillis is a senator from North Carolina, and swing state senators themselves have a significant influence; 2) He is still the chairman of the Senate Banking Committee and has made it clear that he will oppose the confirmation of any Federal Reserve nominee until the legal issues surrounding Powell are fully resolved. It means that if Powell is not finished, the process of appointing the new chairman nominated by Trump will be blocked in the Senate; 3) The candidate for the position of Federal Reserve Chairman must first be approved by the Senate Banking Committee before being submitted for a full Senate vote. If Tillis strongly opposes him, the probability of his nomination passing through the banking committee is unlikely; 4) Tillis previously said that he would not seek re-election in the 26 year mid-term election, which means that he would be more tough and act without looking at Trump's face; 5) If Tillis continues to strongly oppose, it is equivalent to blocking Trump's appointment of a new chairman. It will also force Trump to persuade Piero to give a final investigation report that "Powell has a problem but not a big problem".
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