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What caught my attention yesterday was the sudden wave of former Federal Reserve and Treasury Department officials rushing to publicly endorse Jerome Powell—without any hesitation or nuance. That level of unanimity feels off to me.
Here's the problem: most of these officials haven't been briefed on the specifics of what the DOJ is investigating. They don't have access to the actual facts or evidence in question. Yet they're making sweeping public statements anyway.
It raises an uncomfortable question about transparency in high finance. When did blind loyalty replace informed discourse? The real issue isn't just about Powell—it's about whether our financial leadership operates on facts or on careful political choreography behind closed doors.