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Started By
Message
Feds have opened an investigation into Jerome Powell
Posted on 1/11/26 at 7:05 pm
Posted on 1/11/26 at 7:05 pm
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Federal prosecutors have reportedly launched a criminal investigation into Fed Chair Jerome Powell.
The investigation is reportedly focused on renovations of the Federal Reserve’s headquarters.
The investigation focuses on “the central bank’s renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project, according to officials briefed on the situation,” the New York Times reported.
“The president has threatened to fire the Fed chair … and raised the prospect of a lawsuit against him related to the $2.5 billion renovation, citing “incompetence.””
Back in July, Trump and Powell started arguing in front of the cameras over the cost of the project.
This post was edited on 1/11/26 at 7:06 pm
26
Posted on 1/11/26 at 7:05 pm to hawgfaninc
Posted on 1/11/26 at 7:06 pm to hawgfaninc
Look down, unless this is another investigation.
Posted on 1/11/26 at 7:07 pm to hawgfaninc
quote:
$2.5 billion renovation
They could have built an NFL stadium for less
Posted on 1/11/26 at 7:09 pm to stout
You could build a B-2 bomber.
Posted on 1/11/26 at 7:12 pm to hawgfaninc
quote:
$2.5 billion renovation
That price is insane!!
Posted on 1/11/26 at 7:15 pm to hawgfaninc
Freaking hack, why did he drop the rates 50 basis points right before the election.
Posted on 1/11/26 at 7:16 pm to hawgfaninc
I don’t care if it’s petty because 2.5 billion is unreal. If it’s legit… put out the contracts and scope of work and let the public follow the money.
Posted on 1/11/26 at 7:17 pm to hawgfaninc
Good.
Lawfare is the way the game is played. I’m just happy the Republicans finally decided to get in the game.
Lawfare is the way the game is played. I’m just happy the Republicans finally decided to get in the game.
Posted on 1/11/26 at 7:18 pm to Tiger in Texas
quote:
That price is insane!!
Typical GSA pricing.
Posted on 1/11/26 at 7:20 pm to hawgfaninc
never mind, it looks like the tweet is legit
This post was edited on 1/11/26 at 7:22 pm
Posted on 1/11/26 at 7:21 pm to hawgfaninc
Would not the RESG be in charge of all this? Generally, the Fed Governors aren't involved with mundane stuff like this. They leave it up to RESG who is much like the GSA for federal agencies
Posted on 1/11/26 at 7:24 pm to hawgfaninc
Jerome’s hard hat probably cost us 2Mill lol
Posted on 1/11/26 at 7:26 pm to hawgfaninc
This sounds stupid and petty. Wasting investigator's time and effort because he may have exaggerated how much a renovation project costs?
Posted on 1/11/26 at 7:28 pm to TROLA
quote:
I don’t care if it’s petty because 2.5 billion is unreal. If it’s legit… put out the contracts and scope of work and let the public follow the money.
Kickbacks, bribes, and good times for all.
Posted on 1/11/26 at 7:28 pm to nealnan8
quote:
This sounds stupid and petty. Wasting investigator's time and effort because he may have exaggerated how much a renovation project costs?
Falsifying business records is a very, very, very serious crime.
No one is above the law. Not even Jerome Powell.
Posted on 1/11/26 at 7:30 pm to hawgfaninc
You could build an NBA arena for that.
1) someone stole a lot of money; or
2) they didn’t steal a lot of money but the Federal Reserve is a bloated and outdated institution that needs to be audited and shut down.
1) someone stole a lot of money; or
2) they didn’t steal a lot of money but the Federal Reserve is a bloated and outdated institution that needs to be audited and shut down.
Posted on 1/11/26 at 7:30 pm to KiwiHead
quote:
Would not the RESG be in charge of all this? Generally, the Fed Governors aren't involved with mundane stuff like this. They leave it up to RESG who is much like the GSA for federal agencies
Probably but maybe they can find something.
This is lawfare. A pressure move. Trump intends to squeeze Jerome Powell.
Posted on 1/11/26 at 7:37 pm to TOPAL
quote:
why did he drop the rates 50 basis points right before the election.
Well, it certainly wasn’t done in time to affect the election.
Posted on 1/11/26 at 7:38 pm to hawgfaninc
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NEWS: @SenThomTillis says he will oppose any fed nominee after DOJ announces probe into Jerome Powell
“If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve there should now be none”
Trump gonna take out the fed?
This post was edited on 1/11/26 at 8:00 pm
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