NATIONWIDE — WALL STREET AND a bipartisan group of former Federal Reserve chairs, Treasury secretaries and top economic advisers warned Monday that a reported criminal inquiry into Federal Reserve Chair Jerome Powell threatens the central bank’s independence and could destabilize markets.
In a joint statement posted to Substack, former officials, including Alan Greenspan, Ben Bernanke, Janet Yellen and Robert Rubin, said using prosecutors to pressure the Fed mirrors weak markets and risks higher inflation and economic damage.
Markets were relatively steady, but gold and silver hit record highs amid renewed concern over political interference in monetary policy, according to the Wall Street Journal.
An infographic detailing what the markets look like after the White House opened a criminal investigation into Fed Chair Jerome Powell. This infographic was partially created with the help of generative AI. Graphic: Daniel Cody/Brooklyn Eagle
SUNSET PARK — “As a resident of Marine Park, one of the great surprises I found biking around Industry City and visiting Japan Village was to discover Bush Terminal Park. I continue to be amazed at the serene hideaways that the city offers in some of the busiest places — and, still, with an iconic view.”
BROOKLYN HEIGHTS — ‘A miracle that no one was killed …’ That’s what neighbors are saying about the collapse of the Hotel St. George marquee. Shown in this photograph are workmen beginning the removal and repair of the historic, old neon sign at the corner, referencing a relic of Brooklyn Heights’ past: the St. George Hotel.
ATLANTIC AVENUE — Exhausted shopper with cluster of bags and goods from mall at Boerum Place stops to look at huge construction site across the street. “Is that REALLY going to be a jail??” Her male companion is reassuring, “Nothing like Rikers … this is 21st Century.”
BROOKLYN HEIGHTS — Overheard in line at one of most popular pastry outlets on Montague Street: “Hope I can get them into a camp …” A mother with two pre-schoolers in tow was showing a friend the Dodge Y flyer for Healthy Kids Day on Saturday, April 18.
