Trump is turning up the heat on Fed Chairman Jerome Powell and he’s starting to cook. The Hill ran the story this week, headlined, “Trump says Powell should ‘resign immediately.’”
The Federal Reserve Act says the President can remove a Fed Governor (including the Chair) “for cause.” But “cause” is undefined, and no Fed Chair has ever been fired in U.S. history. So we’re in uncharted territory— which is a perfect region for President Trump.
The fracas involves “renovations” to the Fed’s D.C. headquarters. The tab just for renovations is an eye-watering $2.5 billion dollars. For context, the entire Pentagon was built for around $2.2 billion (adjusted for inflation). The Burj Khalifa —the world’s tallest building in Dubai— cost $1.5 billion to build from scratch. Opulent Trump Tower only cost $300 million to build from the ground up.
So what in unholy technocratic hell is the Fed doing with $2.5 billion?
The awkward comparison got Congress’s attention. Legislators performed an occult summoning ceremony, and Jerome was recently forced to appear in a cloud of sulphuric smoke and testify about the largesse. Lawmakers probed the Fed Chair about the plans, which included “amenities” such as private marble elevators leading directly to Fed officials’ offices, multiple “wellness centers” (including a “yoga room” and “meditation spaces”), imported rare marble, and a rooftop garden.
Powell flatly denied those amenities were in the final plans. But it turns out he lied. Bill Pulte, Trump’s Federal Housing Finance Agency Director, produced the evidence and publicly accused Powell of lying to Congress. Pulte demanded a formal congressional investigation. Powerhouse Representative Jim Jordan (R-OH), chair of the House Judiciary Committee, said this week that lawmakers will “look at” the calls for an investigation.
This could spiral fast into a full-blown ethics scandal, and maybe even a test case for whether “perjury before Congress” constitutes enough “cause” to remove a sitting Fed Chair.
I’m old enough to remember when federal government buildings were made of grey prefab concrete, not Italian marble, and decorated with lowest-bidder furniture just above the quality of a Walmart folding chair. We used to flip out over $600 government hammers. Now, billion-dollar yoga gardens are what our selfless, apolitical, hardworking federal officials think they deserve.
Who are these people? Reptilians? Where did they come from? Can we ship them back?
Anyway, if I’m reading the headlines right, the long knives are out for one Jerome Powell, and unless he finds a way to get on board fast, he may be trading that private marble elevator for a very steep political escalator going down.
I give you “CAUSE”>
the 1913 law said Fed’s 1st job is ti “maximize employment”. What Powell has done since Feb 2025 is to MINIMIZE employment!
liberals want jobetodie whenthe president is conservativr. Namng 2 names: Colins Fitzpatrick.
So they will scream”dictator’ if Don fires him!
I would think that perjury before Congress should be ample grounds to remove him AND put him in PRISON for the suggested FIVE YEARS! If we don’t take our laws seriously this crap will continue!