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Powell Pushes Back: “Only Death Can Remove Me from the Fed”
Federal Reserve Chairman Jerome Powell isn’t backing down—not even for a former president. According to the book Trillion Dollar Triage, Powell made it clear to close allies that he won’t voluntarily leave his position unless he’s six feet under.
> “Never, never, never, never will I voluntarily leave this job. I will finish my full term or die trying,” Powell reportedly said behind closed doors.
Now, the tension in Washington is rising.
🔹 This echoes the 2019 clash with then-President Donald Trump, who tried to fire Powell over interest rate decisions. Powell responded firmly at a congressional hearing: “The law gives me a four-year term and I intend to serve every day of it.”
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Perjury Accusations & Congressional Heat
But Powell faces a new storm. On Thursday, Republican Rep. Anna Paulina Luna referred him to the Department of Justice, accusing him of misleading Congress over the ballooning cost of the Fed’s headquarters renovation—now at $2.5 billion.
🔹 Powell had explained that asbestos, soil contamination, and water damage drove up costs. Critics, however, are calling the project an extravagant misuse of funds.
🔹 CNN reports that Powell requested an internal investigation by the Fed’s inspector general after costs jumped from the original $1.9 billion estimate.
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#Trump Weighs In Again
Donald Trump didn’t hold back. He called the renovation scandal “grounds for firing due to fraud,” although he acknowledged that removing Powell may not be legally feasible. Still, his comments added fuel to the growing political blaze.
For now, Powell is holding his ground—no public comments, no hints of resignation. But the pressure is mounting. Can he survive the growing scrutiny from Congress, Trump, and the public? Or will the weight of controversy cut his term short?
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