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BREAKING: Powell Refuses to Kiss the Ring and Trump Responds With Criminal Investigation

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Marriner S. Eccles Building and 1951 Constitution Avenue Building Project

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Former Fed chairs and Treasury secretaries just spoke up to defend Powell from Trump

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The Times

Investigation launched into Federal Reserve and chair Jerome Powell

The New York Times

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Statement by Federal Reserve Chair Jerome H. Powell

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Jerome Powell: Federal prosecutors open criminal investigation into the Fed and the Fed chair

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DOJ Opens Criminal Investigation Into Fed Chair—Powell Calls It ‘Unprecedented Action’

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Federal Reserve Chair Powell under criminal investigation over HQ renovation

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DOJ Opens Probe Into Fed Chair Jerome Powell

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US prosecutors launch criminal investigation into Federal Reserve’s Jay Powell

The Hill

Powell confirms DOJ probe into Fed, blasts Trump pressure on rates

CNBC

Donald Trump

Howard Lutnick

Grant Cardone

Peter Schiff

Felix Salmon

Doug Melville

"It's very unlikely that there would be more demand for the gold card than there is right now for the EB-5, to say nothing of enough for Trump's $50 trillion goal."

"The Gold Card initiative represents a bold and innovative approach to addressing the U.S. national debt."

"200,000 of these gold, green cards is $1 trillion to pay down our debt and that's why the President is doing it."

"1 million passes would raise $5 trillion chipping away at our debt."

"If we sell 10 million, which is possible ... that's $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that."

Will Trump's $5M Gold Card Pay Off the US Debt?

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Scott Bessent

U.S. Government Accountability Office (GAO)

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Edward Yardeni

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Eladio Santiago

"The United States of America is never going to default."

"The U.S. government won't default on its debt. The fear that it might do so is not justified."

"On the positive side, the U.S. is nowhere near the brink of default."

"NO, the US will not default on its debt!"

"If Congress does not act, the US could default on its debt obligations by mid-2025, a scenario that, year by year, looks more realistic."

"The US will default on its debt."

"The U.S. is on track to default on its debt within four years."

"I say to the Republicans out there – congressmen, senators – if they don't give you massive cuts, you're going to have to do a default."

Will the US Default on Its Debt?

Federal prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell regarding his June testimony before Congress about the central bank's $2.5 billion renovation of its Washington headquarters.

Federal prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell regarding his June testimony before Congress about the central bank's $2.5 billion renovation of its Washington headquarters.

Powell stated in a video message Sunday that the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on its best assessment of what will serve the public, rather than following the preferences of the president.

Powell stated in a video message Sunday that the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on its best assessment of what will serve the public, rather than following the preferences of the president.

The investigation centers on whether Powell accurately characterized the scope and cost of the renovation during congressional appearances, with the project estimated to cost $2.5 billion and funded by the central bank itself, not by taxpayers.

The investigation centers on whether Powell accurately characterized the scope and cost of the renovation during congressional appearances, with the project estimated to cost $2.5 billion and funded by the central bank itself, not by taxpayers.

Trump denied knowledge of the investigation in an interview with NBC News on Sunday, saying he did not know anything about it but criticized Powell's performance at the Fed and at building construction.

Trump denied knowledge of the investigation in an interview with NBC News on Sunday, saying he did not know anything about it but criticized Powell's performance at the Fed and at building construction.

Republican Sen. Thom Tillis of North Carolina said he will oppose the confirmation of any nominee for the Fed, including the upcoming Fed Chair vacancy, until this legal matter is fully resolved.

Republican Sen. Thom Tillis of North Carolina said he will oppose the confirmation of any nominee for the Fed, including the upcoming Fed Chair vacancy, until this legal matter is fully resolved.

Democratic Sen. Elizabeth Warren of Massachusetts stated that the Senate should not move forward with any Trump nominee for the Fed, including Fed Chair, accusing Trump of abusing the law to complete a corrupt takeover of the central bank.

Democratic Sen. Elizabeth Warren of Massachusetts stated that the Senate should not move forward with any Trump nominee for the Fed, including Fed Chair, accusing Trump of abusing the law to complete a corrupt takeover of the central bank.

Fed Chair Powell Faces Criminal Probe Over Testimony

Fed Chair Powell Faces Criminal Probe Over Testimony

The Controversies

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Fed Chair Powell Faces Criminal Probe Over Testimony

Fed Chair Powell Faces Criminal Probe Over Testimony

The Controversies

Salmon

Melville

Lutnick

Cardone

Trump

Bessent

Yardeni

Reuters

Santiago

Invezz

Gromen

Stansberry

Trump

Articles on this story

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