Domain: tiger-web1.srvr.media3.us Feds Investigating Jerome Powell | Political Talk
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Feds Investigating Jerome Powell

Posted on 1/11/26 at 6:21 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45281 posts
Posted on 1/11/26 at 6:21 pm
LINK

Uh oh

quote:

The investigation, which centers on renovations of the Federal Reserve’s headquarters in Washington, signals an escalation in the long-running clash between President Trump and the chair.
Posted by geauxtigers87
Louisiana
Member since Mar 2011
27090 posts
Posted on 1/11/26 at 6:21 pm to
2026 trump is operating on another level
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73356 posts
Posted on 1/11/26 at 6:22 pm to
This is dumb.


Markets will tank tomorrow
This post was edited on 1/11/26 at 6:23 pm
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
5729 posts
Posted on 1/11/26 at 6:29 pm to
quote:

This is dumb. Markets will tank tomorrow


How is it dumb? Why would the markets tank over an investigation into him? Does this investigation change interest rates or monetary policy?
Posted by Blizzard of Chizz
Member since Apr 2012
20877 posts
Posted on 1/11/26 at 6:30 pm to
quote:

Markets will tank tomorrow


No they won't. I really wish some of you could get away fro this ridiculous notion that rooting out corruption is bad for the markets.
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
38387 posts
Posted on 1/11/26 at 6:31 pm to
quote:

Markets will tank tomorrow


Good, I went to cash a couple of days ago pending the SCOTUS ruling on tariffs. Let it tank before I get back into stocks.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45281 posts
Posted on 1/11/26 at 6:33 pm to
He's on his way out anyways
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
38387 posts
Posted on 1/11/26 at 6:36 pm to
quote:

He's on his way out anyways


He can stay on until 2028, term as Chair ends in May.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29262 posts
Posted on 1/11/26 at 6:37 pm to
quote:

This is dumb.


Markets will tank tomorrow


frick it then lets just put a Somali in as Fed Chair
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
19681 posts
Posted on 1/11/26 at 6:45 pm to
$2.5 BILLON renovation to Fed DC headquarters was revealed in July of 2025 as DOGE started to look at things.

Note that the Fed is self-funding and most of that money came from interest on securities.

The investigation is whether this is a misallocation of funds and if there were kickbacks (fraud) because DOGE estimated the renovations should be more than 1/2 of that $2.5 billion.

Noting that at least 2 Fed board members have now been prosecuted so there is a 'culture' pervasive in the system.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45281 posts
Posted on 1/11/26 at 6:46 pm to
LINK

Jpow's video response
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