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Fed's Powell says #Trump admin has threatened him with a #criminal #indictment

The Trump admin has threatened to indict #FederalReserve Chair #JeromePowell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more “influence” over the #CentralBank & #monetary #policy.

#law #economy #independence #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://www.reuters.com/business/finance/feds-powell-says-administration-has-threatened-criminal-indictment-over-his-2026-01-12/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

Nonilex

@Nonilex@masto.ai replied · 16 hours ago

The office of the #USattorney in #DC [#JeaninePirro] has unironically opened a #criminal “investigation” into #JeromePowell, the #FederalReserve chair, over the central bank’s renovation of its Washington HQ & whether Powell lied to Congress about the scope of the project…. [cough cough, ballroom, cough cough, White House, cough cough, Kennedy Center…]

#law #economy #independence #autocracy #despotism #dictatorship #tyranny #NewWorldOrder #recession #trumpcession

Nonilex

@Nonilex@masto.ai replied · 13 hours ago

Fed's Powell says #Trump admin has threatened him with a #criminal #indictment

Nonilex

@Nonilex@masto.ai replied · 13 hours ago

#FederalReserve Chair Powell says #DOJ has subpoenaed #CentralBank, threatens #criminal #indictment

Federal Reserve Chair #JeromePowell said Sunday the #DOJ has served the central bank with #subpoenas & threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.

#Trump #RevengePolitics #law #LegalEthics #economy #independence #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://apnews.com/article/federal-reserve-trump-subpoena-bf4fc6c690fa248fbc531bc9bc7f1758?utm_source=onesignal&utm_medium=push&utm_campaign=2026-01-11-Breaking+News

AP News

Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

Federal Reserve Chair Jerome Powell says the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed’s building renovations.

Lizzie

@Lizette603_23@mastodon.social replied · 43 minutes ago

@Nonilex This is a load of HORSESHIT, just another power grab

Nonilex

@Nonilex@masto.ai replied · 49 minutes ago

Former #Fed Chair #JanetYellen on Monday condemned an investigation into her successor, #JeromePowell, saying it compromises the #CentralBank’s #independence.

Yellen said using the Fed’s key overnight borrowing rate to manage the debt is irresponsible & “the road to a banana republic.”

#Trump #DOJ #law #economy #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://www.cnbc.com/2026/01/12/yellen-says-powell-probe-extremely-chilling-for-fed-independence-market-should-be-concerned.html

Nonilex

@Nonilex@masto.ai replied · 46 minutes ago

Yellen’s comments come the day after #JeromePowell confirmed he’d been made aware that the #USAttorney’s Office in Washington, DC, is looking into whether the #CentralBank leader lied during testimony he provided to #Congress last June about an expensive renovation project at the Fed’s HQ. The office is led by #JeaninePirro, a #Trump confidante & fmr #FoxNews host.

The #DOJ has not confirmed the investigation into what would be perjury charges.

#law #economy #independence #FederalReserve

Nonilex

@Nonilex@masto.ai replied · 44 minutes ago

#JanetYellen bristled at the notion that #JeromePowell might have lied.

“Knowing Powell as well as I do, the odds that he would have lied are zero so I do believe they’re going after him because they want his seat & want him gone,” she said.

#Trump #RevengePolitics #DOJ #law #economy #independence #FederalReserve #autocracy #despotism #dictatorship #tyranny #recession #trumpcession

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