With all the pervasive fraud in the Federal system, the 2.5 Billion price tag for the Federal Building renovation would seem to be low hanging fruit or unbelievable gross incompetence. !

Dan Scott said:

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Powell released video that says this all because the Fed wouldn't reduce interest rates. WOW.

Markets down .5% while gold and silver blastin. Silver up 5%

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX pic.twitter.com/O4ecNaYaGH

— Federal Reserve (@federalreserve) January 12, 2026

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Man...seems very telling that Powell felt the need to release a statement.

Things are getting real.

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. It is now the independence and credibility of the Department of Justice that are in question. 
 
I… https://t.co/wDMH6twcD5

— Senator Thom Tillis (@SenThomTillis) January 12, 2026

First Senator already made their statement…

13-11 R on Senate Banking Committee

K2-HMFIC said:

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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. It is now the independence and credibility of the Department of Justice that are in question. 
 
I… https://t.co/wDMH6twcD5

— Senator Thom Tillis (@SenThomTillis) January 12, 2026

First Senator already made their statement…

13-11 R on Senate Finance Committee

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Sounds like we know where some of the $2.5B went…

So basically J Pow now has liberals protesting against lowering interest rates, and yet again yoking themselves into yet another 80/20 issue and making people research the history of the Federal Reserve, who it was made for and why?

Amazing. The man is a magician.

J Powell pretending not to be partisan is laughable

Agreed. Not sure why he's trying to appeal to public opinion either. He lowered rates for Biden during elections then stopped. Whether you agree with lower rates or not it's obvious that move was 100% political. Now he's calling out the admin, making it overtly political while saying he's not. Not a good look.

Tillis can't be gone soon enough.

He is also actively blocking confirmation of anyone to DHS because Noem won't give in to his demands.

It's just more bad Trump. Very dumb.

He's leaving in May and Trump can announce his replacement any day.

I don't agree with pushing rates lower with GDP ~3%, inflation ~3%, and unemployment ~4.5% and interest rates at historical norms. Doesn't make sense.

That said, he sees it differently and can put his own guy in shortly. This runs a real risk of the bond market demanding HIGHER rates for the 10 year note and beyond, which will just keep mortgage rates at current levels or higher.

You're going to criminally indict the Fed Chair five months before his term ends? On questionable grounds?

Just so dumb... no need for it.

Same usual sorts ready to condemn Trump for lawfare before even giving the slightest chance for the case to be looked into.

It's quite possible bad things happened. If so, punchable face way too late Powell needs to face the music.

As a matter of principle, I don't trust people who spell their name Thom… see also, Geoff.

Rapier108 said:

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Tillis can't be gone soon enough.

He is also actively blocking confirmation of anyone to DHS because Noem won't give in to his demands.

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Tillis is pure uniparty swamp trash. The sooner we get rid for guys like he and Cornyn, the better.

Agree. No rational reason for rates to go down.

Clown world, insulting take by "Thom" to just now claim the the DOJ is no longer independent and credible.

I mean, **** that guy. It's been an instrument of the WH since at least Obama.

Edit: and I'm saying this independent of trumps move's here.

It always irks me when this type of topic is brought up and everyone conveniently forgets Obama had the IRS audit tea party donors.

MemphisAg1 said:

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It's just more bad Trump. Very dumb.

He's leaving in May and Trump can announce his replacement any day.

I don't agree with pushing rates lower with GDP ~3%, inflation ~3%, and unemployment ~4.5% and interest rates at historical norms. Doesn't make sense.

That said, he sees it differently and can put his own guy in shortly. This runs a real risk of the bond market demanding HIGHER rates for the 10 year note and beyond, which will just keep mortgage rates at current levels or higher.

You're going to criminally indict the Fed Chair five months before his term ends? On questionable grounds?

Just so dumb... no need for it.

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Yep. This is abjectly stupid by Trump's administration.

This isn't about Powell. It's about the next Fed chair. It's a sign that independence will not be tolerated.

The twist is that lower rates will increase inflation which will make people more frustrated about the economy - which is the only thing voters seem to care about.

Dan Scott said:

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Powell released video that says this all because the Fed wouldn't reduce interest rates. WOW.

Markets down 0.5%

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A 200-250 point move on the Dow 30 is a nothin-burger. That is just a normal day at the office. Nothing special in the least. Your excitement doesn't match the market reaction.

Additionally, a subpoena is simply a formal, legal order from a court or government agency for someone to appear at a specific time to give testimony or to produce documents/evidence for a legal proceeding.

A subpoena isn't an indictment. The fact that a subpoena would even need to be issued to the Fed to simply get this information on renovations of the Fed's headquarters is kind of the story. The Fed should have said "sure, here you go" from the start. It isn't hard.

Gap said:

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Dan Scott said:

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Powell released video that says this all because the Fed wouldn't reduce interest rates. WOW.

Markets down 0.5%

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A 200-250 point move on the Dow 30 is a nothin-burger. That is just a normal day at the office. Nothing special in the least. Your excitement doesn't match the market reaction.

Additionally, a subpoena is simply a formal, legal order from a court or government agency for someone to appear at a specific time to give testimony or to produce documents/evidence for a legal proceeding.

A subpoena isn't an indictment. The fact that a subpoena would even need to be issued to the Fed to simply get this information on renovations of the Fed's headquarters is kind of the story. The Fed should have said "sure, here you go" from the start. It isn't hard.

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This right here. Don't start none, won't be none - right?

That's a chunk of change that needs to be looked at, even up there where it grows on trees.

The party of Lawfare crying again when the weapons they developed are used against them, and the usual simps are rallying behind them.

Hohum.

Fraud. Top down. Nuke them all. Jpow and everyone back to at least bernake has been ****ing us dry

powell rightfully cares more about preventing a recession than obeying trump, and that drives trump insane