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President Trump on Thursday toured the Federal Reserve headquarters renovations, which have ballooned over one billion dollars over budget. Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. He currently also faces a criminal referral to the Justice Department from Congresswoman Anna Paulina Luna (R-FL). Trump announced earlier that he was joined by Senator Tim Scott, Senator Thom Tillis, OMB Director Russ Vought, Chairman of Fannie Mae and Freddie Mac, Bill Pulte, my Appointees to the National Capital Planning Commission, James Blair and Will Scharf, and various...

Bessent, one of the easiest going, most accessible, truly fantastic Trump cabinet members (out of a superb and stellar cast of characters, I might add), has called for a look-see into exactly what's been going on in the House of Powell. Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization...

Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization succeeded in its mission? If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.” The comments come amid an intensifying conflict between the White House and...

Another stunt… Fed Chair Jerome Powell pulled another shady stunt after Trump officials requested a tour of the so-called $2.5 billion in building ‘renovations.’ On Friday Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, revealed Jerome Powell offered a tour of the renovations on Friday night when no one was there. On Monday, Trump officials were declined a request for an on site visit to tour the building renovations and instead were given a “virtual site visit.” “Instead of granting us our site visit, the Fed today released a “virtual site visit” video,” Trump White House...

Interesting how Obama-appointed DOJ IG Michael Horowitz, a Dem donor, suddenly transferred to the Federal Reserve last month as the 35-pp "Clinton Annex" he bottled up for 7 years was finally being declassified. There was no compelling reason to censor it. ... Horowitz threw John Durham a softball over the center of the plate: so long as Crossfire Hurricane was adequately predicated, everyone that came after was kosher. So what did Durham do? Look at everything except the predication (the drunken statement by Papadopoulos) ... Is Horowitz hiding behind Powell’s skirt?

BREAKING: 🚨 Florida Congresswoman Anna Paulina Luna issues CRIMINAL REFERRAL to the Department of Justice on Fed Chair Jerome Powell.— E X X ➠A L E R T S (@ExxAlerts) July 21, 2025

A proposed GOP ban on a central bank digital currency (CBDC) could pump the brakes on grand visions to reshape electronic payment access around the Federal Reserve. Republican lawmakers pushed the ban through the House on Thursday over concerns the government could use a CBDC to surveil Americans’ financial transactions. The banking industry has also lobbied against the currency, arguing the public already has sufficient access to easily usable and safe digital money.“Nobody yet knows whether a CBDC is a good idea or not,” Rep. Jim Himes (D-Conn.), who has pushed for the government to explore a CBDC, said following...

Fed Chairman Jerome Powell is considering resigning, according to Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte. “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom,” Pulte said. President Trump has been calling on Fed Chair Jerome Powell to resign. “”Too Late” should resign immediately!!!” Trump said on Truth Social last week.

President Trump on Friday floated the possibility of firing Federal Reserve Chair Jerome Powell as part of his latest round of intense criticism of the leader of the central bank over its decision not to lower interest rates. Trump, in a lengthy post on Truth Social, railed against Powell, labeling him a “numbskull,” “a dumb guy,” “and an obvious Trump Hater.” Trump appointed Powell to the post in 2017. I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I’ve tried it all different ways,”...

@RandPaul Congress spends $2 trillion more than its revenues, the Fed then buys this debt. Congress then pays the Fed interest. The Fed then pays interest to big banks to keep cash reserves. This is how govt makes the rich richer. But it gets worse. According economist Judy Shelton: “44% of the more the Fed currently [pays to the big banks] goes to foreign banks.” So, as Congress drags our country into bankruptcy, the FED enriches rich foreign banks.

President Donald Trump is lashing out on social media. Jerome Powell is on the receiving end of today's ire. Powell, the Federal Reserve chair who is slowly cutting back interest rates to minimize the risk of continued inflation, is caught in the President's crosshairs after a paltry jobs report. US private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 37,000 jobs last month, a far cry from analyst projections and the worst private job hiring slump since March 2023. Economists polled by Reuters had forecast private employment...

First, the federal debt crisis has reached a breaking point, with skyrocketing interest payments now surpassing defense spending and on track to become the largest single budget item. This trajectory is unsustainable, signaling that a major financial reckoning is imminent. Second, the Trump administration views the US dollar as severely overvalued, believing it is crippling the economy and that urgent intervention is necessary…. Devaluing the dollar is a boon to debtors, especially the US government, allowing it to borrow in dollars and repay in dimes. Short of an outright default—which Washington is unlikely to do—a weaker dollar is the only...

Now you know why Trump is so eager to cut wasteful spending! The real mystery is why Democrats and RINOs are so determined to continue wasteful spending and not cut taxes. Trump inherited a fiscal disaster from Biden and Congress. Not to mention The Federal Reserve. Credit default swaps (CDS) for the USA are near Greece (and China) levels. ... Since Covid struck in 2020, US debt is up a staggering 56% ... And M2 Money is up 40% since Covid.

Is Saudi Crown Prince Mohammed bin Salman trying to sabotage Joe Biden’s reelection bid? It’s quite possible. The Saudi leader, known as MBS, has made clear his disdain for President Biden, and his fury over insults lobbed at him by this White House. He is a powerful force behind the current surge in oil prices, which could — if sustained — contribute to Biden’s defeat. Oil prices are soaring — up 19 percent since the start of the year. Since they lag behind crude oil, gasoline prices have only jumped 14 percent so far. But, unless oil markets take a...

Elon Musk said DOGE “should definitely” investigate after The Post’s exposé of the Fed’s $2.5 billion revamp of its Washington, DC, headquarters — a lavish project that the Tesla titan called an “eyebrow raiser.” The Post exclusively reported earlier this week how the Fed’s top brass were pushing ahead with the pricey renovations despite mounting losses on its balance sheet, catching the eye of President Trump’s austerity axman-in-chief. “Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending two...

President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said. The warnings — and the markets’ own volatility this week — seemed to have broken through. Trump backed down Tuesday from his threats to try to remove Powell from the job, telling reporters in the Oval Office: “I have no intention of firing him.” That prompted sighs of relief on Wall Street. A...

President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. “None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s removal. “Never did.” The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him. U.S. stock futures rose sharply across major indexes following Trump’s latest remarks. Trump, who has heaped pressure on the...

If Donald Trump is upset about higher interest rates, he should stop doing just about everything he can to undermine the U.S. economy in the eyes of the world. As the U.S. becomes a riskier place to do business because of tariffs and fiscal uncertainty, and the independence of the central bank comes under threat from the president, people will demand higher yields to make buying U.S. sovereign debt worth their while. Maybe you think Trump’s trade policy has merit or the Federal Reserve needs to be brought more firmly under the president’s control. That’s a separate question from how...

If the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman. Monday was the first full trading day for markets to absorb National Economic Council director Kevin Hassett’s comments Friday that the White House is studying if Mr. Powell can legally be fired. On Monday Mr. Trump demanded again that Mr. Powell make “pre-emptive” interest rate cuts to avoid a slowdown. Cue the meltdown in stocks,...

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system. We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful? Could gold-backed 50-year bonds anchor the dollar? And is the U.S. actually “cheating” in global markets? The Fed Is Too Powerful 00:43 - Meet Judy Shelton: Credentials &...