FED Head Jerome Powell is in hot water for statements he made, but his actions, which added trillions of US debt, are what he should be targeted for.
Jerome Powell is reportedly under investigation for his statements before Congress related to the billion dollar building renovations he discussed. We know this because he told us in a statement this weekend. We also know a few things from his videotaped statement.
1. Powell is the one who decided to disclose the existence of the grand jury subpoena, not the government. The government is generally prohibited from discussing grand jury proceedings.
2. Contrary to Powell’s statement, service of a subpoena on the Fed is not a threat to indict him. Subpoenas are investigative tools. It’s possible that the government separately advised Powell that he was a “target” of the investigation, but he didn’t say that.
3. Nowhere in the statement does Powell say his testimony to Congress about the Fed construction project was truthful and accurate.
Three peculiarities about Jerome Powell’s statement.
1. Powell is the one who decided to disclose the existence of the grand jury subpoena, not the government. The government is generally prohibited from discussing grand jury proceedings.
2. Contrary to Powell’s statement,… https://t.co/PDtQSc4vT9
— MetaLawMan (@MetaLawMan) January 12, 2026
Here’s more:
Powell and his allies are using the language of “independence” to turn a basic oversight dispute into a political morality play, and it looks increasingly like an attempt to delegitimize any legal scrutiny of the Fed. This has all the elements of a hoax.
What Powell actually did
•Powell chose to go public with a dramatic video statement saying DOJ subpoenas “threatened a criminal indictment” over his testimony on the Fed’s multibillion‑dollar building renovations.
•He explicitly framed the subpoenas as “pretexts” and cast them as retaliation for the Fed setting rates independently of the president, elevating a renovation/cost‑overrun inquiry into an existential attack on central bank independence. The framing of criminal indictment came from Powell!
In what look liked a scripted response, all of the Fed acolytes on Wall St cried foul, they bought in hook line and sinker!!!
What the U.S. Attorney is saying
•The U.S. Attorney’s Office for D.C. has stated they contacted the Fed “on multiple occasions” about cost overruns and Powell’s congressional testimony, were ignored, and therefore resorted to formal legal process, which they stress “is not a threat.”
•Jeanine Pirro has been explicit that “the word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s,” and that “none of this would have happened if they had just responded to our outreach.”
“Above the law” behaviour.
•Powell now publicly insists “no one is above the law,” even as the record shows the Fed disregarded informal outreach and only engaged once grand jury subpoenas landed, which is the opposite of transparent cooperation. Recall Choke Point 2.0 and the unbanking of individuals.
•By recasting a straightforward question of cost overruns and possible misstatements to Congress as an illegitimate “criminal indictment threat,” Powell is effectively demanding a special zone of immunity wrapped in the rhetoric of independence.
Why central bankers are “charging the hill”
•Former Fed chairs and global monetary grandees have rushed out statements condemning the probe as an attack on Fed independence, treating any prosecutorial look at a central banker as inherently out of bounds.
The former Fed officials’ statement is doing exactly what the “51 intel officials” letter did on the Hunter Biden laptop: using elite signatures to launder a political narrative into institutional dogma and declare scrutiny itself illegitimate. Powell and his allies are recasting a narrow DOJ inquiry into cost overruns and testimony accuracy as an existential assault on “independence,” and an all‑too‑willing media is once again treating the letter as revealed truth instead of asking hard questions
•This closes ranks around the idea that central banks sit on a higher plane than normal agencies, immune not only from political pressure on rates, which is legitimate, but also from standard legal and fiscal oversight, which is not.
MSM and the death of the 4th estate
•Much of legacy media has adopted Powell’s framing almost verbatim: “unprecedented attack on independence,” “monetary policy under assault,” while relegating the core factual dispute,ignored outreach, cost overruns, accuracy of testimony, to secondary status.
Powell and the central banking crowd are behaving in a way that is frankly odd: they stonewall basic oversight, scream “independence” the moment anyone reaches for legal tools, and act as though they stand above the law—while a compliant MSM gladly carries their narrative, proof the fourth estate has checked out.
Does not meet the smell test!
Powell and his allies are using the language of “independence” to turn a basic oversight dispute into a political morality play, and it looks increasingly like an attempt to delegitimize any legal scrutiny of the Fed. This has all the elements of a… pic.twitter.com/aTXtDklrQB
— James E. Thorne (@DrJStrategy) January 13, 2026
Powell is certainly not forthright in responding to grand jury questions. This could be because the FED under his watch has continued to keep rates well above the inflation rate which stalls the economy rather than helps it.
President Trump is rightly upset with the actions taken by FED Head Jerome Powell. For months he has requested and Powell has denied lower interest rates. Powell’s policy of keeping interest rates high with low inflation makes no sense, unless he is trying to destroy the economy.
OMG Catches FED Economist Admitting Jerome Powell Tried to Kill Trump Economy
It can be argued that Powell is not doing his job when he adds a trillion dollars of interest payments a year to the US due to his policies.
President Trump shared the following in July:
“Too Late,” and the Fed, are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house. He is truly one of my worst appointments. Sleepy Joe saw how bad he was and reappointed him anyway – And the Fed Board has done nothing to stop this “numbskull” from hurting so many people. In many ways the Board is equally to blame! The USA is Rockin’, there is VERY LOW INFLATION, and we deserve to be at 1%, saving One Trillion Dollars a year on Interest Costs. I can’t tell you how dumb Too Late is – So bad for our Country!
Powell also has a major problem because of his answers to Congress.
