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SEN TOMMY TUBERVILLE: The Fed Has Gone Rogue — Fire Jerome Powell

Axios

Scoop: Powell requests IG review on $2.5 billion renovation amid Trump pressure

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Bessent: The Fed Is Like Universal Basic Income for Academic Economists

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Treasury Secretary Bessent calls for a review of 'the entire' Federal Reserve

Bessent: The Trump administration should look into the Feds many mistakes

Metaculus

Reuters

US Treasury's Bessent says Federal Reserve needs to be examined as an institution

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When Will the US Federal Reserve Drop Interest Rates?

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Reports emerged that Bessent privately advised President Trump against firing Fed Chair Jerome Powell, citing concerns about negative market effects, potential legal challenges, and the Fed's possible rate cuts later this year, though Trump denied needing such advice.</span

Washington Examiner

Washington Examiner #

Wall Street Journal

Wall Street Journal #

Reports emerged that Bessent privately advised President Trump against firing Fed Chair Jerome Powell, citing concerns about negative market effects, potential legal challenges, and the Fed's possible rate cuts later this year, though Trump denied needing such advice.

Trump has repeatedly criticized Powell for the Fed's reluctance to cut interest rates this year and has targeted a $2.5 billion renovation project at the Fed's Washington headquarters that exceeded its budget by approximately $700 million.</span

The WealthAdvisor

Trump has repeatedly criticized Powell for the Fed's reluctance to cut interest rates this year and has targeted a $2.5 billion renovation project at the Fed's Washington headquarters that exceeded its budget by approximately $700 million.

Powell's term as Fed chair ends in May 2026, though he would remain as a Fed governor through January 2028, while Fed Governor Adriana Kugler's term expires in January, potentially giving Trump appointment opportunities.</span

CNBC #

Powell's term as Fed chair ends in May 2026, though he would remain as a Fed governor through January 2028, while Fed Governor Adriana Kugler's term expires in January, potentially giving Trump appointment opportunities.

The Trump administration has launched a pressure campaign over the Fed's building renovation costs, with Office of Management and Budget Director Russ Vought leading efforts that could potentially serve as grounds for a "for cause" removal of Powell.</span

CNN #

The Trump administration has launched a pressure campaign over the Fed's building renovation costs, with Office of Management and Budget Director Russ Vought leading efforts that could potentially serve as grounds for a "for cause" removal of Powell.

Bessent criticized Fed officials for what he called "fear-mongering over tariffs," arguing that inflation has remained low despite Trump's trade policies, while dismissing the expertise of Fed economists as "universal basic income for academic economists".</span

Breitbart #

Bessent criticized Fed officials for what he called "fear-mongering over tariffs," arguing that inflation has remained low despite Trump's trade policies, while dismissing the expertise of Fed economists as "universal basic income for academic economists".

Firing Powell would create unnecessary market chaos and legal battles when his term ends naturally in May anyway. The Fed's independence is crucial for economic stability, and any attempt to remove the chair would face significant legal challenges while potentially crashing financial markets.

Firing Powell would create unnecessary market chaos and legal battles when his term ends naturally in May anyway. The Fed's independence is crucial for economic stability, and any attempt to remove the chair would face significant legal challenges while potentially crashing financial markets.

How Bessent Made the Case to Trump Against Firing Fed Chair Powell

Bessent advised Trump against firing Powell: Report

Bessent Calls for Fed Review Amid Powell Firing Speculation

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The Fed has lost its way and needs a complete overhaul. Powell's leadership has been marked by stubborn resistance to necessary rate cuts that would help the economy, while wasting taxpayer money on lavish building renovations. The central bank's fear-mongering about tariffs has proven wrong as inflation remains controlled.

The Fed has lost its way and needs a complete overhaul. Powell's leadership has been marked by stubborn resistance to necessary rate cuts that would help the economy, while wasting taxpayer money on lavish building renovations. The central bank's fear-mongering about tariffs has proven wrong as inflation remains controlled.

US Treasury's Bessent Says Federal Reserve Needs to be Examined as an Institution

Bessent Calls for Fed Review Amid Powell Firing Speculation

Bessent Calls for Fed Review Amid Powell Firing Speculation

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Bessent Calls for Fed Review Amid Powell Firing Speculation

Bessent Calls for Fed Review Amid Powell Firing Speculation

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