Jerome Powell, Chairman of the U.S. Federal Reserve, is standing firm against political pressure—most notably from former President Donald Trump. As revealed in Trillion Dollar Triage, Powell told close confidants:
“Never, never, never, never will I voluntarily leave this job. I will finish my full term or die trying.”
This bold statement has reignited tensions in Washington.$DOGE
🔹 Trump’s previous attempts to pressure Powell out in 2019 over interest rates are back in the spotlight. At the time, Powell told Congress:
“The law gives me a four-year term and I intend to serve every day of it.”New Trouble: Allegations of Misleading CongressNow, Powell faces a different kind of heat.
Congresswoman Anna Paulina Luna has referred Powell to the Department of Justice, accusing him of misleading Congress about the $2.5 billion renovation of the Federal Reserve headquarters.
🔹 Powell attributed the increased cost to asbestos, underground water, and contaminated soil. Critics call it an unnecessary luxury.$BTC
🔹 CNN reports Powell himself requested a Fed inspector general to review the project’s ballooning costs—originally estimated at $1.9 billion.
Trump Reacts: “That’s Grounds for Firing”
Donald Trump weighed in quickly, calling the scandal “grounds for firing due to fraud.” Though he admitted it’s unlikely, the remark adds fuel to an already tense situation.
Powell has remained silent in public. But the pressure is mounting—from Congress, the media, and Trump’s looming political shadow.
Will Powell Survive This Storm?
The coming weeks may be critical. Whether Powell finishes his term or not, one thing is clear: the Fed is now squarely in the political spotlight.$BNB
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