Episode 18 • • 44:50 - 48:20
18: Pascal's Wager
Federal Reserve Renovation Scandal and Jerome Powell Investigation
The Federal Reserve is under scrutiny for a $1.9 billion renovation project of its "Marble Palace" headquarters, which reportedly incurred a $700 million budget overrun. A grand jury is investigating Chairman Jerome Powell for potential perjury regarding his testimony before the Senate Banking Committee. President Trump is using these allegations and the legality of tariffs to challenge the independence of the central bank.