Staff Reports
President Trump is demanding Federal Reserve Chair Jerome Powell resign immediately, calling him “very bad for our country” over his refusal to cut interest rates. The president made these explosive comments while criticizing Powell’s leadership and economic policies that have kept mortgage rates painfully high for American families. This isn’t the first time Trump has targeted Powell, but the pressure has now reached a boiling point with new revelations about a $2.5 billion Federal Reserve building renovation scandal.
Trump’s team has discovered massive cost overruns in this renovation project, with $700 million wasted while ordinary Americans struggle to afford homes. The president revealed that every percentage point of excessive interest rates costs our economy $360 billion – money that should be fueling Main Street growth instead of lining bureaucrats’ pockets. This lavish spending on a “palace” while families suffer shows outrageous priorities from an out-of-touch Fed chairman.
The Fed’s political bias is undeniable. A shocking 97% of Federal Reserve employee donations went to Democrats. Powell himself slashed rates right before the last election to help Democrats, with no economic justification. Now, when inflation has dropped to a four-year low, he refuses to cut rates for hardworking Americans. This proves he cares more about hurting President Trump than helping the American people.
Powell is deliberately sabotaging Trump’s economic revival. He ignores the president’s successful policies like tariffs (which brought in $27 billion last month), deregulation, and energy independence. Instead, he focuses only on tariffs to create false inflation fears. The Fed’s own experts have been wrong about the economy 71 times while Trump predicted our success. Powell’s decisions are political, not economic.
The Federal Reserve was never meant to operate like this. When created in 1913, America was on the gold standard – no one imagined unelected bureaucrats could print money and blow $2.5 billion on a building. The cost overrun alone equals the entire FBI building renovation. This waste is unforgivable when families face 7% mortgage rates, locking them out of homeownership.
President Trump absolutely has the authority to fire Powell. The law allows removal “for cause,” and the evidence is overwhelming. Between the renovation scandal, political bias, and economic sabotage, there’s more than enough justification. Even former Fed Governor Kevin Warsh agrees rates should be cut immediately. Trump’s economic team has laid the constitutional groundwork for action.
Main Street is suffering while Powell protects Wall Street. Small businesses can’t get loans to expand. Young couples can’t buy starter homes. The American Dream is being crushed by an arrogant Fed chairman who thinks he’s above the president. Powell keeps rates artificially high despite better-than-expected economic data because he’d rather damage Trump’s presidency than help ordinary citizens.
Accountability is finally coming. Powell may resign to avoid hearing those beautiful words: “You’re fired!” The Fed’s reign of economic terror against the American people is ending. President Trump will restore common-sense monetary policy that puts citizens first, not D.C. bureaucrats. Justice is coming for Jerome Powell and his corrupt, anti-Trump Federal Reserve.
