- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Trump’s Justice Department launches a criminal investigation of Fed chair; JPow responds
Posted on 1/12/26 at 11:40 am to Joshjrn
Posted on 1/12/26 at 11:40 am to Joshjrn
currently, if the choices are “trust the fed” or “trust the DOJ staffed with the CEO’s personal lawyers and tasked to pin criminal charges against his enemies or anyone else who refuses to do his bidding no matter how ridiculous”, I’m choosing the fed
Call me naive if you like
Call me naive if you like
1
Posted on 1/12/26 at 2:21 pm to rickgrimes
Why not leave the Fed chair alone and let him do his job for god's sake.
Posted on 1/12/26 at 2:38 pm to cgrand
Republican opposition grows
quote:-CNBC
Republican protests are growing louder on Capitol Hill as the Trump administration’s Department of Justice pursues a criminal investigation into Federal Reserve Chair Jerome Powell.
Powell on Sunday night revealed that the Justice Department opened an investigation into his handling of renovations to the central bank’s headquarters and his testimony about the matter to Congress. Powell said the investigation was an attempt to intimidate him as he lowers interest rates at a slower pace than President Donald Trump desires.
The GOP resistance could derail his eventual pick to succeed Powell when the Fed chief’s term is up in May, as North Carolina Republican Sen. Thom Tillis, a member of the Senate Banking Committee, threatens to block any nominee to the central bank until the investigation is resolved. Tillis’ comments are now being echoed by other Republicans.
Sen. Lisa Murkowski, R-Alaska, wrote in a post on X, that the “administration’s investigation is nothing more than an attempt at coercion,” and called for a congressional investigation into the matter.
“If the Department of Justice believes an investigation into Chair Powell is warranted based on project cost overruns—which are not unusual—then Congress needs to investigate the Department of Justice,” Murkowski said. “The stakes are too high to look the other way: if the Federal Reserve loses its independence, the stability of our markets and the broader economy will suffer. My colleague, Senator Tillis, is right in blocking any Federal Reserve nominees until this is resolved.”
Tillis’ block is a massive problem for Trump, who has long sought to oust Powell and replace him with an ally. The Banking Committee is comprised of 13 Republicans and 11 Democrats, meaning one Republican defection can cause a deadlock and block a nominee from advancing.
Trump has repeatedly said he plans to replace Powell when his term as Fed chair is up in May. However, Powell could stay on as a governor until 2028.
And the chorus of Republicans criticizing the administration over the investigation is only getting louder.
Read more CNBC politics coverage
Sen. Kelly sues DOD Sec. Hegseth, says he was punished for ‘disfavored political speech’
GOP Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe
Fed Chair Powell under criminal investigation, won’t bow to Trump intimidation
ICE Minneapolis shooting: Noem to deploy hundreds more federal agents to city
“Pursuing criminal charges relating to his testimony on building renovations at a time when the nation’s economy requires focus and creates an unnecessary distraction,” said House Financial Services Chair French Hill, a Republican of Arkansas.
“The Federal Reserve is led by strong, capable individuals appointed by President Trump, and this action could undermine this and future Administrations’ ability to make sound monetary policy decisions,” he said.
Even Sen. Kevin Cramer, R-N.D., a Banking Committee member who is a frequent Powell critic, criticized the investigation.
“Jerome Powell is a bad Fed Chair who has been elusive with Congress, especially regarding the overruns of the elaborate renovations of the building,” Cramer said. “I do not believe however, he is a criminal. I hope this criminal investigation can be put to rest quickly, along with the remainder of Jerome Powell’s term. We need to restore confidence in the Fed.”
CNBC has reached out to Senate Banking Committee Chair Tim Scott, R-S.C., for comment on the investigation into Powell.
Trump does have one ally, however, in his administration’s push to investigate Powell: Sen Cynthia Lummis, R-Wyo.
“Whether Chairman Powell was unprepared for his testimony or intentionally misled Congress about the Fed’s extravagant spending, the American people deserve answers. I will wait for the DOJ to release its findings before commenting further,” Lummis said.
CNBC has reached out to the White House for a response to the members’ complaints.
Posted on 1/12/26 at 2:56 pm to dagrippa
quote:
Why not leave the Fed chair alone and let him do his job for god's sake.
You mean like how he was late to raising rates cause he said inflation was transitory? (Cue LSURussian the dimbarse to claim he didnt say this)
Then how hes making excuses to not lower rates despite inflation being at 2% or lower (cue LSURussian crying that BLS is higher and we need to trust them)
Hes done a shite job and should resign
Posted on 1/12/26 at 3:04 pm to SDVTiger
And just like that the markets close green across the board but our dozen or so TDS posters on the money board that get laughed at on the political board thought this was be some gotcha moment for trump.
They really thought investigating a weasel like Powell would be detrimental to market performance….lol
They really thought investigating a weasel like Powell would be detrimental to market performance….lol
Posted on 1/12/26 at 4:15 pm to masoncj
quote:
They really thought investigating a weasel like Powell would be detrimental to market performance….lol
No, we just think it’s stupid and baseless and a waste of time/money. Remember when Trump used to lambast the “weaponized” DOJ?
Posted on 1/12/26 at 4:41 pm to masoncj
quote:
And just like that the markets close green across the board but our dozen or so TDS posters on the money board that get laughed at on the political board thought this was be some gotcha moment for trump. They really thought investigating a weasel like Powell would be detrimental to market performance….lol
I know this sounded great in your head, but go back and look at what was actually said on this thread and count how many out of the several dozens posts actually thought this was going to do real damage to the markets. As usual, the projection regarding “looking for gotchas” is hilarious to me
Posted on 1/12/26 at 4:43 pm to jordan21210
quote:
Trump would have more of a leg to stand on with this if he hadn’t just bulldozed 1/4 of the White House for a ballroom and accepted a 747 as a “gift” that will cost billions to re-fit. Lunacy and hypocrisy. I really don’t understand how anyone can support these losers.
1. All of the remodel is paid for by Trump and donors. No taxpayer money spent
2. It is the new Air Force 1. He’s leaving it when he departs the White House
This post was edited on 1/12/26 at 5:22 pm
Posted on 1/12/26 at 5:21 pm to ChiGator
quote:Have you run the numbers on the Fed Construction project?
Just insanity from this administration. How can anybody support this?
Run them, and then we'll see if you return with the same question.
Posted on 1/12/26 at 6:42 pm to rickgrimes
Posted on 1/12/26 at 7:02 pm to SaintsTiger
quote:
1. All of the remodel is paid for by Trump and donors. No taxpayer money spent
That’s what he’s telling us, we will see 1) if it holds out to be true and 2) if that project stays at or under budget (I bet it won’t).
quote:
2. It is the new Air Force 1. He’s leaving it when he departs the White House
There is already a new AF1 being built. He got impatient and saw an opportunity for someone to kiss his arse so he took the donation and it’s going to cost billions to re-fit on top of the billions already being spent on the one under construction.
Posted on 1/12/26 at 7:22 pm to Ten Bears
quote:
All while building a $100mm, ah no, $200mm, ah, no $400mm "ballroom" while criticizing construction costs at the Fed.
well there is the meaningful fact that $2B+ Fed project is taxpayer funds …. while the WH improvements are not taxpayer funded.
Posted on 1/12/26 at 7:33 pm to cadillacattack
quote:
well there is the meaningful fact that $2B+ Fed project is taxpayer funds …. while the WH improvements are not taxpayer funded.
Ten Bears has some severe TDS so he wont even admit what he posted was beyond low iq
Posted on 1/12/26 at 9:03 pm to rickgrimes
No one's talking about the missing Epstein files. Mission accomplished.
Posted on 1/12/26 at 9:03 pm to SDVTiger
quote:
well there is the meaningful fact that $2B+ Fed project is taxpayer funds …. while the WH improvements are not taxpayer funded. Ten Bears has some severe TDS so he wont even admit what he posted was beyond low iq
Hey Mensa, the taxpayer ain’t paying for the renovations.
Posted on 1/12/26 at 11:00 pm to SDVTiger
quote:All US indexes have performed very well since he has been in charge of the fed so he’s doing something right.
Hes done a shite job and should resign
Posted on 1/13/26 at 7:08 am to Ten Bears
quote:Yikes.
Hey Mensa, the taxpayer ain’t paying for the renovations.
Ten Bears, there's an old Buffett saying, "If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”
First off, the amount being paid for renovations of Fed facilities is absurd. It's pure conjecture, but I'd bet the amount of money changing hands is so high that Trump, with his construction background, suspects something other than blatant incompetence may be afoot.
All this talk about Fed independence, pressuring Powell, revenge for no rate changes really makes no sense though. Powell is basically out the door already. The FOMC recently lowered rates. Unless true criminality is suspected, there's no juice in the squeeze.
But regarding the exorbitant costs, you imply "it's none of our business" as "taxpayers" aren't footing the bill. Accuracy of your predicate depends on whether the Fed or the taxpayer is ultimately liable for our debt.
The vast majority (99%+) of Fed "revenue" (money being pissed away on the renovations) derives from interest on US Treasuries. That interest directly translates to US debt. Ultimately, US debt translates to US taxpayer liability, albeit deferred for the time being.
So the Fed reno's are indeed borne on the backs of taxpayers.
Posted on 1/13/26 at 7:45 am to NC_Tigah
I watched Kudlow last night and he put Powell on blast for his failures as Fed Chairman but then proceeded to say Powell wasn't a crook.
While he didn't outright say the investigation was political he sure implied it.
He called on the DOJ to squash the subpoenas.
While he didn't outright say the investigation was political he sure implied it.
He called on the DOJ to squash the subpoenas.
Posted on 1/13/26 at 8:05 am to bigjoe1
quote:
I watched Kudlow last night and he put Powell on blast for his failures as Fed Chairman but then proceeded to say Powell wasn't a crook.
quote:This makes MUCH more sense
US Attorney Pirro@USAttyPirro
The United States Attorney’s Office contacted the Federal Reserve on multiple occasions to discuss cost overruns and the chairman’s congressional testimony, but were ignored, necessitating the use of legal process—which is not a threat.
The word “indictment” has come out of Mr. Powell’s mouth, no one else’s. None of this would have happened if they had just responded to our outreach.
This office makes decisions based on the merits, nothing more and nothing less. We agree with the chairman of the Federal Reserve that no one is above the law, and that is why we expect his full cooperation.
8:29 PM · Jan 12, 2026 ·1.4M Views
LINK
Posted on 1/13/26 at 8:12 am to bigjoe1
So, Pulte, who would have absolutely nothing to gain from a more dovish fed ( 
), is allegedly the one behind this.
), is allegedly the one behind this. Loading Twitter/X Embed...
If tweet fails to load, click here. 
Page 3 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News