XPost: dc.politics, alt.politics.economics, alt.fan.rush-limbaugh
XPost: sac.politics, talk.politics.guns

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.

Read more

https://www.coffeeandcovid.com/p/complications-saturday-july-5-2025

https://floppingaces.net/most-wanted/the-2-5-billion-fed-palace-powell- lied-trumps-about-to-detonate-d-c/

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)