Blowback Over DOJ's Fed Probe, Minnesota Lawsuit, and Iranian Protests

Blowback Over Federal Reserve Probe

• 🌍 Central banks globally, including the European Central Bank and the Bank of England, have issued an extraordinary statement expressing full solidarity with the Federal Reserve.
• ⚠️ This coordinated response highlights growing alarm that the monetary autonomy of the Federal Reserve is being dismantled.
• 🏛️ Bloomberg News learned that a Washington D.C. U.S. attorney subpoenaed the Federal Reserve without seeking permission from the Justice Department.
• 🗣️ Federal Reserve Bank of New York President John Williams defended Fed Chair Powell, calling him a man of impeccable integrity.
• 🤝 Former Philadelphia Fed President Patrick Harker stated that members of Congress, despite public rhetoric, understand the critical importance of the Federal Reserve and will push back against interference.
• 🚫 Senator Tom Tillis vowed to oppose any Trump nominees to the Fed until the probe is resolved, and Senate Majority Leader John Thune noted the threat of legal battles could make confirming future nominees challenging.
• 📈 Treasury Secretary Bessent reportedly warned President Trump that the investigation had created a mess and could be bad for financial markets.

Minnesota Lawsuit Against DHS

• ⚖️ Minnesota is suing the Department of Homeland Security and Secretary Kristi Noem over an "unprecedented surge of ICE officers" in Minneapolis and Saint Paul.
• 🚨 Minnesota Attorney General Keith Ellison described the deployment of thousands of armed, masked DHS agents as a "federal invasion of the Twin Cities and Minnesota".
• 💔 The lawsuit comes after an ICE officer shot and killed 37-year-old Renee Good in Minneapolis, sparking nationwide protests.

International Developments

• 🇩🇰 Vice President JD Vance will participate in a meeting on Greenland in Washington, with a bipartisan congressional delegation also heading to Copenhagen to show unity with Denmark.
• 🇮🇷 Iranian protests appear to persist in localized areas, with an activist group warning of imminent executions and a civilian death toll in the thousands.
• 📊 The Oslo-based Iran Human Rights Group reported at least 648 deaths, estimating the toll could be as high as 6000, and warned of the extremely serious risk of mass and extrajudicial executions.