#Fed chair #JayPowell warned on Wedn that the #war in #Iran was likely to drive up inflation, as #oil prices surged above $110 a barrel following attacks on #Gulf energy #infrastructure – chart @financialtimes.com www.ft.com/content/dc96...

US judge throws out justice department subpoenas to Federal Reserve, citing ‘thin’ evidence Court says Donald Trump’s DoJ was seeking to ‘pressure’ chair Jay Powell to cut interest rates

US judge throws out justice department subpoenas to Federal Reserve, citing ‘thin’ evidence in a major blow to prosecutors’ criminal investigation into chair #JayPowell and a victory for the central bank www.ft.com/content/e4da... via @FT #DonaldTrump #OldTrump #Republicans #MakeAmericaSmall

Jay Powell is standing up. The only one. Flat out 'I will keep interest rates where they belong based on data.' Bam! #JayPowell

Leave it to Trump’s corrupt instincts to backfire and lead Republicans to rally around embattled Fed Chair #JayPowell against a manufactured, criminal investigation opened by Trump at his #DOJ. The world and U.S. economy hang in the balance, and @mspopok.bsky.social reacts
youtu.be/4W3Yx7GFR7U?...

Powell sent senators details on $2.5bn Fed project following testimony Letter seen by FT appears to undermine claims that chair of US central bank misled Congress over renovation

#JayPowell sent senators details on $2.5bn Fed project following testimony www.ft.com/content/1df72693-a510-4b...

Completely undermines the storyline the #DOJ is telling

NEWSVANDAL RUNDOWN 01.13.26 Trump's Brown Shirts, Powell's Defenders & Pesticides Suck + #ICE #Trump #Fascism #PoliceState #ReneeGood #Minnesota #JayPowell #TheFed #DOJ #Iran #Starlink #Parkinsons #Glyphosate #MAHA #BobWeir

TODAY: Trump's Brown Shirts, Powell's Defenders & Pesticides Suck + #ICE #Trump #Fascism #PoliceState #ReneeGood #Minnesota #JayPowell #TheFed #DOJ #Iran #Starlink #Parkinsons #Glyphosate #MAHA #BobWeir
mailchi.mp/newsvandal/n...

Now,its #Pulte who is "taking credit" for trying to destroy #JayPowell

That's 3, #trump asskissers, saying it was their idea #pirro #luna

Which tells you HOW GOTTDAMN MUCH TRUMPTRASH WHINED & COMPLAINED ABOUT @federalreserve.gov Chair Powell

these poop bags scrambled to please lunatic evil trump.

A Russian asset #Luna
& a boxed-wine lunatic #pirro are "taking credit" for trying to destroy #JayPowell.

Disgraceful race to kiss trump's diaper-covered ass.

Don't EVER vote for the #gop

Top Republicans denounce justice department’s criminal probe into Fed chair Jay Powell Backlash builds as Trump administration’s prosecutors target head of US central bank

Top Republicans denounce justice dep’s criminal probe into #JayPowell - #ThomTillis has accused #DonaodTrump administration of “actively pushing to end the independence of the Fed”. He will oppose any nominee for the #Fed until the “legal matter is fully resolved” www.ft.com/content/0af6... via @FT

Continue to do your job Mr. Powell, we need more people like you in our government. Thank you. #JayPowell

Ex-Fed chairs #JanetYellen #BenBernanke #AlanGreenspan signed a statement blasting what they described as an “unprecedented attempt to use prosecutorial attacks to undermine [Fed] independence”. #JayPowell accuses #DonaldTrump of running the US like an emerging market www.ft.com/content/970c...

a man in a suit and tie is pointing at something and says come on down ALT: a man in a suit and tie is pointing at something and says come on down

#JayPowell COME ON DOWN! You’re the red herring du jour!

🇺🇸 Haven asset gold hits a record high after US prosecutors launched a criminal investigation into Fed chair Jay Powell, stoking fresh concerns about central bank independence

FT as.ft.com/r/92f78904-b...

#Gold #FederalReserve #JayPowell #Markets

US prosecutors launch criminal investigation into Federal Reserve’s Jay Powell Central bank chair says grand jury subpoenas are retaliation for refusal to bow to demand to cut interest rates

US prosecutors launch criminal investigation into Federal Reserve’s #JayPowell over a $2.5bn renovation of the FED headquarters, sharply escalating the confrontation after #DonaldTrump has called him a “stubborn mule” for declining to slash borrowing costs. www.ft.com/content/a423... via @FT

Trump just quoted the price of his new ballroom at $400 million, but at that same #Israel, #Netanyahu fluffing, yet expected YOU to be pissed off at #JayPowell for the $4.7 million in upgrades to the federal reserve, at the same time ignoring the #FACT that TRUMP hired him...

Trump was "projecting" that he is a FOOL running the US Economy again today, when he used his press conference with his stooge and straight man, PM #Netanyahu of #Israel to try to ATTACK Fed. Reserve Chair #JayPowell AGAIN, but it only made Trump look WORSE! #Popok reports
youtu.be/nx5NR93HhGk?...

"The biggest drag on #Hiring is uncertainty created by whipsaw public policy" - #JayPowell at the #RI #ChamberOfCommerce

#Trump is utterly facile and incompetent, changing policy on a whim at any moment, & businesses cannot securely expand in such an environment.

In other words, Trump kills #jobs.

#JayPowell #Fed

Stock Prices Historically Get Sent to Detention in September – Schneider & Pollock Wealth Management Inc.

September has a reputation as the stock market’s worst month—will Jay Powell’s Jackson Hole speech break the cycle or make it worse?

schneiderpollock.com/stock-prices...

#StockMarket #Investing #Markets #MarketTrends #SeptemberEffect #FederalReserve #JayPowell #JacksonHole #InterestRates

This week’s 2 favorite bits of audio/ video in 1 meme:
#Resistance #SouthPark #JayPowell

Just plain unintelligent. I don't believe he has a degree in **anything*, let alone business. Don't even try to outsmart Jay Powell. He is sick of your threats. And so are we! #JayPowell

I love Jay Powell. We need to support him! He understands economics unlike this president with the Faux Business Degree. #JayPowell

Dumb, Dumber, Dumbest The disastrous photo op arranged by the goblin president and his sycophants with Fed chair Jerome Powell yesterday backfired in a spectacular way in front of live TV cameras.

open.substack.com/pub/jtfny2/p...
#Trump #JayPowell

Trump risks market revolt if he threatens Federal Reserve independence, Pimco says Warning from $2.1tn fund manager comes as US president publicly quarrels with central bank chief Jay Powell

Trump risks market revolt if he threatens Federal Reserve independence, Pimco says - It would be “very bad for markets”, Pimco has warned, as #DonaldTrump sharpens his criticism of central bank chief #JayPowell on.ft.com/4o5iVZn via @FT #WallStreet #Republicans #MakeAmericaSmall #ChaosTrump

#JayPowell

Can Donald Trump #fire the chair of the US #Fed? The president has a number of options to take action against #JayPowell, but they all come with risks, chart @financialtimes.com
www.ft.com/content/18f4...

Factbox-The Fed building renovations at the center of Trump’s fight with Powell: Five things to know By Ann Saphir (Reuters) -The spiraling cost of the Federal Reserve’s years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration’s escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out of the central bank because he hasn’t delivered the interest-rate cuts he wants. The Powell Fed has held rates steady since December on concern Trump’s tariffs could reignite broad-based increases in prices, still top-of-mind for Americans bruised from a recent bout of 40-year-high inflation. The situation has the potential to plunge the U.S. central bank into crisis and test one of the underpinnings of the global financial system: the Fed’s monetary policy independence from political meddling. A recent Supreme Court opinion reinforced a longstanding interpretation that the law shields Fed governors from dismissal over interest-rate decisions. The law does allow for removal "for cause." White House officials have accused the Fed of loose oversight of its renovation project, mismanagement of public funds and even fraud. The Fed counters that the higher costs are a function of a complex attempt to turn large old buildings into energy-efficient, functional spaces that also retain their historic look. Here are five things to know about the renovation: What are the buildings the Fed is renovating that have drawn Trump’s scrutiny? They are the Eccles Building, constructed between 1935 and 1937 as the Fed’s headquarters, and the 1951 Constitution Avenue Building, completed in 1932 for the U.S. Public Health Service and used over the years for various purposes, including in World War II to house the Combined Chiefs of Staff. By 2018, it was transferred by the first Trump administration to the Fed to allow a renovation that would put "a vacant building back in productive use, allow the Federal Reserve Board to consolidate several leases and result in savings for taxpayers.” The 1951 Constitution Avenue Building is listed on the National Register of Historic Places. How much are they over budget? Russell Vought, the director of the Office of Management and Budget, says the cost overrun is "$700 million and counting." The Fed’s budget shows the project’s current estimated cost at $2.46 billion up from $1.88 billion in 2024, a difference of about $580 million. The document also shows that the Fed eliminated the planned renovation of a third building, cutting about $510 million in costs. Why are they over budget? It comes down to three things: higher-than-estimated labor and materials costs, design changes to preserve the historic buildings and their appearance, and unforeseen problems including lead contamination in the ground and higher-than-anticipated amounts of asbestos. Do they include lavish elements? Built nearly a century ago and never renovated, the buildings required new plumbing, electrical, heating, water, and other infrastructure, as well as updating to allow access for people with disabilities, a basement for one of the buildings and an addition for the other to make enough room for existing staff currently occupying other leased offices. There is no Governors-only elevator or VIP dining room, the Fed says, and a new water feature in the original plans for the 1951 Constitution renovation was eliminated. There are no "rooftop terrace gardens" as Vought asserts. One building has a ground-level front lawn that doubles as the roof of an underground parking structure that planning documents referred to as a "garden terrace." Plans also refer to "vegetated roofs" used to help with stormwater runoff and building efficiency. What about oversight of the project? The Fed by law has authority to determine its spending on capital projects. Its Office of Inspector General receives monthly reports on the project, conducted a review in 2021, and is now charged with conducting a fresh review. The Fed consulted a number of planning bodies, including the Fine Arts Commission and the National Capital Planning Commission, on the design and development of the project. The Fed says it made some changes to the original plans to save money, but the changes were not substantial.

Click Subscribe. #FederalReserve #Trump #JayPowell #BuildingRenovations #Economy

#Inflation - #DonaldTrump asked lawmakers whether he should fire Federal Reserve chair #JayPowell in a move that fuelled a fresh bout of concerns over the central bank’s independence and hit the dollar. He has relentlessly criticised for declining to cut interest rates on.ft.com/3IMx79u #ChaosTrump

#JeromePowell #JayPowell #FederalReserve
Trump and Powell

Powell calls reports of lavish Fed building renovations inaccurate © Reuters. U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress," on Capitol Hill in Washington, D.C., U.S., June 25, 2025. REUTERS/Kevin Moh By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spending money excessively on renovations, saying that the almost 90-year-old headquarters "was not really safe," while acknowledging cost overruns. "The media reports ... are misleading and inaccurate in many, many respects," Powell said in an appearance before the Senate Banking Committee. Powell spoke as part of testimony for the central bank’s semi-annual report on monetary policy to Congress. Senate Republican Tim Scott criticized the Fed over the renovations, saying at the hearing: “During this time of hardship, the Fed has spent billions on lavish renovations to its D.C. offices.” Scott cited what he said were a series of luxury upgrades, coming at a time where the Fed has been in the unusual position of losing money due to its efforts to contain inflation pressures with high short-term interest rates. “We can all agree that updating aging infrastructure is a legitimate need, but when senior citizens can barely afford Formica countertops, it sends the wrong message to spend public money on luxury upgrades that feel more like they belong in the Palace of Versailles than a public institution,” Scott said. Powell pushed back on the criticism. “We do take seriously our responsibility as stewards of the public’s money,” he said as he defended the need to upgrade the buildings the central bank counts as its headquarters for the Board of Governors. The Fed’s 12 regional banks also have their own home bases. Powell said the Fed’s Eccles building, constructed between 1935 and 1937, “really needed a serious renovation,” saying that among the building’s issues, “it was not really safe and it was not waterproof.” He said reports of huge luxury upgrades were wrong and went on to detail what the Fed was doing to modernize the buildings. “There are no new water features, there’s no beehives, and there’s no roof terrace gardens.” The Fed is also upgrading a building nearby. But Powell acknowledged that “the cost overruns are what they are.” In a statement on its website, the Fed said the renovations “will consolidate most Board staff into one campus; reduce off-site leases; and provide a modern, efficient workspace for employees to conduct their work on behalf of the American people.” Earlier this year, a report from the Federal Reserve’s Inspector General, an in-house watchdog, said that as of February the cost of the renovations was expected to stand at $2.4 billion, up from $1.9 billion two years ago. The Fed is self-funded and earns income from bonds it owns and services it provides. The Fed has almost always been profitable but has not been in the last few years due to high interest rate costs aimed at setting rates to lower inflation pressures. The Fed deals with losses via accounting measures and has repeatedly noted the red ink does not impede its work, but those losses now have some elected officials targeting the system that led to the losses.

Click Subscribe. #FederalReserve #Economy #FinanceNews #PolicyDebate #JayPowell