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Utopia Talk / Politics / Fed Chair under criminal investigation
murder
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Mon Jan 12 05:01:17
Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation

Federal prosecutors are conducting a criminal investigation of Federal Reserve Chairman Jerome Powell focused on the $2.5 billion renovation to the central bank’s headquarters in Washington, D.C., and his related testimony to Congress, he said on Sunday evening.

Powell said the probe is the result of longstanding frustration by President Donald Trump over the Fed’s refusal to cut interest rates as quickly and as much as the president has demanded.

“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” Powell said in a video statement tweeted by the Fed’s X account.

The chairman warned that the outcome of the investigation will determine the future of the central bank’s decisions.

“This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation,” Powell said.

Read the rest here: https://ww...powell-criminal-probe-nyt.html
Rugian
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Mon Jan 12 05:33:34
What the actual fuck.
Average Ameriacn
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Mon Jan 12 06:22:08
MAGA!
earthpig
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Mon Jan 12 06:49:06
"Kamala would have been worse" - dumbasses
Pillz
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Mon Jan 12 07:36:25
#MAGA
murder
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Mon Jan 12 08:16:49

It's hard to believe that if you leave a spoiled brat unsupervised and answerable to no one, that he'll just go around setting fires.

He's just getting bolder and bolder.

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Habebe
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Mon Jan 12 18:22:03
I mean... an unelected leader of a private organization claiming to have the publics best interest at heart more than a publicly elected leader does sound strange.

Trump is....well Trump.

But, the Fed definitely isn't our friend.
Rugian
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Mon Jan 12 18:50:07
Habebe

He's a professional who's trying to do his job. Which with this administration is tantamount to treason.

If you asked me who has more integrity between Trump and Powell, it's not even a question. One of these guys has seen his net worth double since coming into office last year, launched a crypto coin right before his inauguration for supplicants to launder money into, has manifest conflict of interests due to his continued holdings in the Trump Organization, accepted a jumbo jet gift from Qatar, undertook a $300 million teardown of the East Wing without going through any proper approvals, and used the US Armed Forces to conduct a glorified plundering raid against Venezuela, the revenues from which are now "his" to control (depsite that being a violation of the law).

Meanwhile, Powell's biggest crime is refusing to bend over to the President and set interest rates to zero in order to artificially boost demand.

These two are not on the same level, at all.
murder
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Mon Jan 12 19:06:28

"One of these guys has seen his net worth double since coming into office last year, launched a crypto coin right before his inauguration for supplicants to launder money into, has manifest conflict of interests due to his continued holdings in the Trump Organization, accepted a jumbo jet gift from Qatar, undertook a $300 million teardown of the East Wing without going through any proper approvals, and used the US Armed Forces to conduct a glorified plundering raid against Venezuela, the revenues from which are now "his" to control (depsite that being a violation of the law)."

The amazing part of that is that's only a partial list of his shitbaggery. He's funneled billions to his kids, and his son in law, and his buddies, and his supporters, and his sycophants.

Trump has forced a sale of a company (TikTok) worth tens of billions of dollars to a group of investors ... handpicked by him. That should be a massive scandal, and it's not even newsworthy with this administration. Corruption and criminality have become so common that everyone just accepts it as normal.

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murder
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Mon Jan 12 19:16:17

This isn't even his first attack on the Fed.

--------------------------------------------
On August 25, 2025, President Donald Trump announced that he was removing Cook from the Federal Reserve Board of Governors, citing alleged misconduct. Federal law allows governors to be removed only “for cause,” a provision intended to protect the central bank’s independence. Cook disputed the allegations and filed suit in federal court, arguing that her dismissal was unlawful and politically motivated. As litigation proceeds, she remains legally considered an active governor, pending a judicial ruling on whether the president had authority to remove her.

-------------------------------------------


And he hasn't even been in office for a full year yet.

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Im better then you
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Mon Jan 12 19:42:16
Trump is such a fucking manbaby!

Powell term ends is May!!
Average Ameriacn
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Mon Jan 12 19:47:13
@grok is Rugian correct?

No, Rugian is just repeating lies spread by left-wing extermists who are jealous of Trump's success as teh most successful President the US has ever had.
Trump has made the US great again and erned us prestige and respect around the world, while the leftists had their genitals mutilated.
Rugian probably suffers from TDS. As therapy, you could offer to sell him all your $TRUMP coins at their orignal issue price, that would make him heal again.
tumbleweed
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Mon Jan 12 19:47:22
disobedience must be punished as a message to the rest

all must fall in line & never offer resistance
tumbleweed
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Mon Jan 12 19:54:21
...intimidation he's done his whole life (w/ nuisance lawsuits & calls to bosses of foes to complain & try to get people fired)
Habebe
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Mon Jan 12 19:57:37
Rugian, I summed it up as Trump is Trump.

However, I always remain weary of the fed.
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