The (https://www.cnbc.com/2026/04/24/fed-powell-doj-warsh-trump.html) its Powell investigation just removed the last leash on Fed hawkishness — and the market's celebrating its own funeral. While everyone's popping champagne, Powell's now politically bulletproof heading straight into ECB rate chaos. Here's the nightmare scenario: Banks like $JPM and $GS, sitting pretty on $300B+ balance sheets, are about to get crushed by rising funding costs AND simultaneous credit tightening.

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