U.S. Federal Reserve Chairman Jerome Powell is standing his ground, making it clear he won't step down—no matter the political pressure. According to Trillion Dollar Triage, Powell privately told allies there’s no situation where he’d leave office early, except in the case of death.
“Never, never, never, never will I voluntarily leave this job. I will finish my full term or die trying,” he reportedly said behind closed doors.
This bold stance has caught the attention of Washington once again, echoing back to Donald Trump's 2019 efforts to oust Powell over interest rate policy. Powell’s response at the time?
“The law gives me a four-year term, and I intend to serve every day of it.”
🔍 Now Facing Allegations of Misleading Congress
Powell's resolve is being tested in a new way. Rep. Anna Paulina Luna has formally referred him to the Department of Justice, accusing him of providing misleading information to Congress about the $2.5 billion renovation of the Fed headquarters.
▪️ Powell attributed the ballooning costs to asbestos, contaminated soil, and underground water issues—
critics say it’s a case of "lavish overspending."
▪️ The project was originally set at $1.9 billion, but costs surged. CNN reports Powell personally requested a Fed inspector general review, citing "unforeseen conditions."
⚠️ Trump Responds: "Grounds for Firing"
Donald Trump weighed in, calling the situation “potential grounds for firing due to fraud.” While he acknowledged it’s unlikely Powell will be removed, the statement only adds fuel to the political fire.
For now, Powell remains silent but firm—no signs of stepping down, no public rebuttals. But the question remains:
Can Powell weather the political storm, or will mounting pressure force him out before his term ends?
#Powell #FederalReserve #Trump #Congress #USPolitics
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