Rep. Sherman (D-CA): Investigation into Fed is ‘Phony’

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Why This Matters

Rep. Brad Sherman (D-CA) has labeled the investigation into the Federal Reserve as a 'phony' attempt to intimidate the central bank, while also stating that Kevin Warsh supports a digital dollar to compete with cryptocurrency.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Rep. Brad Sherman (D-CA) calls the Fed investigation a “phony” attempt to intimidate the central bank. Speaking with Romaine Bostick and Katie Greifeld on The Close, he says Kevin Warsh backs a digital dollar to compete with crypto. (Source: Bloomberg)

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Original article published by Bloomberg on January 31, 2026.
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