Federal Reserve Chair Jerome Powell faces mounting pressure to resign following intense criticism from President Trump and top administration officials. Reports indicate Powell is considering stepping down amid allegations of excessive spending and economic mismanagement.
President Trump has repeatedly attacked Powell’s leadership, calling the Fed chair a “numbskull” and demanding immediate interest rate cuts. Trump wants rates slashed by three full points to boost the economy. His administration argues Powell’s policies have hurt American families struggling with high mortgage and loan costs.
Meanwhile, officials exposed shocking extravagance at the Fed. Powell oversaw a $2.5 billion office renovation featuring VIP elevators, rooftop gardens, and luxury water features. This wasteful spending occurred while the Fed recorded its first-ever deficit. Taxpayers funded marble halls and private dining rooms while ordinary Americans couldn’t afford groceries.
White House Budget Director Russ Vought confirmed investigating the Fed’s “ostentatious” renovations. He described seeing “largesse and artwork” during a tour, noting the project violated spending rules. The Fed’s reckless spending shows utter disregard for taxpayers during economic hardship.
Bill Pulte, head of the Federal Housing Finance Agency, publicly stated Powell is considering resignation. Pulte believes this would help America’s economy “boom.” His announcement follows months of administration pressure on Powell to lower interest rates or step aside.
The Fed’s corruption runs deep. For over a century, this unaccountable institution has manipulated our economy while operating in secrecy. Powell’s palace symbolizes everything wrong with the Fed – elites living lavishly while crushing working families with artificial rate hikes.
President Trump fights to protect Americans from this predatory system. His push for rate cuts would bring real relief: lower mortgages, affordable auto loans, and manageable credit card payments. Removing Powell is the first step toward economic liberation for middle-class families.
Accountability is coming. The movement to audit and end the Fed grows stronger daily. Powell’s potential resignation proves no bureaucrat is untouchable when they betray the American people. Our economy will thrive once we drain this financial swamp.
