I absolutely hate the federal reserve, but i am 100% with them on this.
We cannot have rates set by a dictator.
SetPhasersToFuckUp on
This is it.
Pontiacsentinel on
Excerpt
January 11, 2026
Statement from Federal Reserve Chair Jerome H. Powell
Chair Jerome H. Powell
Share
Statement by Federal Reserve Chair Jerome H. Powell
January 11, 2026Transcript (PDF)
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress’s oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. 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.
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.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
Thank you.
imjustasaddad on
Powell has such huge nuts.
fairoaks2 on
What a crap move. Bondi should be disbarred and prosecuted for failing to follow her oath of office. Following the Constitution? More like using it to write love letters to felon Donald Trump.
vengefultruffle on
It couldn’t be more obvious that this is retaliation for refusing to suck Trump’s dick. Jerome Powell is one of the few remaining people in a position of authority that is actually a competent and serious person.
jmchao on
Truly ludicrous to go after him for mismanagement of a construction project as the East Wing is in a landfill somewhere.
thismadhatter on
Won’t the U.S.dollar completely crash if Trump can just print money and pull interest rates out of his ass?
Schafty on
Proud of him.
KingMario05 on
Oh for fuck’s… ***enough!*** The President has lost his mind. He must be impeached and removed from office, and convicted so that he can never run again. Call you reps, demand they take action. No less than the fate of democracy is at stake here. Hasn’t it suffered enough?
Woody_CTA102 on
Glad to see he’s fighting back.
wariogojira on
Full throttle into authoritarianism at all angles in 2026 it seems.
Operation-FuturePuss on
Black Swan Event, courtesy of the most incompetent person I had ever heard speak, the President of the United States.
Habefiet on
I just can’t believe they can’t wait until June or whenever his term is up. We need hyperinflation *now*? We seriously can’t wait a few months? Shouldn’t he want to time the mass money printing to be right around midterms anyway so that it looks good to stupid people?
ThisIsDystopia on
J Pow a real one.
klondikethedestroyer on
A terrorist regime is currently taking over the United States of America and with increasingly violent force.
By Definition terrorism is: the unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims.
A terrorist organization is generally defined as a group using or threatening violence for political, religious, or ideological goals, aiming to create fear and coerce governments or populations, often targeting civilians or non-combatants.
key characteristics include:
– politically motivated violence
– intimidation tactics,
– an intent to influence broader audiences beyond immediate victims.
They have illegally deployed military units into cities and neighborhoods against the civilian population. They use aggressive tactic and overt violence against the civilian population. They are creating an environment of fear by design. They’ve gotten rid of due process for a significant civilian population. They’ve sent their military forces into SCHOOLS, terrorizing children. They’ve sent military forces to intimidate businesses they disagree with. They’re executing mom’s in the street. This is all being done with an intent to influence far beyond the immediate victims. Pretty sure more than just Minnesotans feel scared as fuck right now.
Now we see dozens of masked men, armed to the teeth, entering the homes of US citizens and abducting them, presumably for protesting ICE or based on nothing more than the color of their skin, or their last name.
All this violence, all this fear, all this use of military against our own civilian population, is being ILLEGALY and is being done so that the Trump Regime can further advance their political and ideological goals.
The Trump Regime is a terrorist organization.
How can any AMERICAN truly defend this at this point? Fuck being democrat or republican. What the actual fuck is happening? Anybody left in power with any fucking spine and any sense of love for the United States, Democracy, and The Constitution needs to step the fuck up, or THIS is how Democracy dies.
basketballsteven on
Okay Republicans are you awake now, can you see it yet, will you wait until he disbands congress?
Eastcoastpal on
Our allies should temporarily dump our bonds and shake the proverbial cage. Send trump a message via Wall Street.
GuttiG on
Can someone explain in simpler terms the implications of this?
cornskin on
Trump just ensured that Powell will remain on the board after stepping down as chair.
The_SubGenius on
Conservatives are in a cult.
blue_quark on
We live in crazy times. Nuts to see the entire justice system being weaponized but also remarkable that this one voice of integrity in an administration would be so lonely and singular.
TooMuch615 on
God Bless and Protect Jerome H. Powell for this statement. May he continue to serve in the public’s best interests.
T1Pimp on
These Dems weaponizing the governme…. *pulls off mask Scooby Doo style* REPUBLIKKKAN!
rainman_104 on
So jpow is charged but the ice agent is in hiding on a base somewhere and actively defended.
Only thing he’s guilty of is contempt of trump.
SeniorFlyingMango on
Does trump want the US in another depression?
External-Goal-3948 on
Epstein files must be really bad
Metro42014 on
It’s wild that Powell says it much more clearly than any media source would be willing to. He’s got more stones than any US media company.
Subject_DA on
This guy is going to take all of our money, then bankrupt our entire country, ruin all of its relationships and then hes going to die. What a vengeance and im not talking about Powell.
REMcycleLEZAR on
Jerome Powell might literally be the only adult left in a leadership position in our government.
GestureArtist on
The US dollar will be worthless by tomorrow morning.
Putin wins. Checkmate.
If tomorrow, congress doesn’t impeach, and charge Trump and his administration with corruption and working for our enemy… The US dollar is dead along with the country.
JA_MD_311 on
DC US Attorney office is run by clowns and couldn’t even get an indictment on the sandwich guy.
tom21g on
>”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.”
Respect to Powell for pointing to trump directly.
Rieger_not_Banta on
MAGAs? Speak up. Defend this attack on freedom. Defend using the Justice department like a gang of thugs.
StatelyTree on
This prosecution brought to you by „Judge Jeannine“ another foxnews host. Lol can’t make this shit up. It would be hilarious satire if it werent so depressingly real.
Eeebrio on
If Trump ever gets to twist the arm of the Federal Reserve, the economy will crash and the dollar will collapse.
sunbeatsfog on
Epstein files are still top of mind for me, anyone else?
campfire_eventide on
Trump is compromised. He gutted half our intelligence apparatus and broadcasted it to the entire world including our enemies, is spreading our defense thin by fighting too many battles on too many fronts simultaneously, mobilizing against US citizens, abandoning our allies which weakens our national security, and now threatens the financial stability of our bond markets and currency.
Congress needs to remove Trump for treason. He is actively working to dismantle and destroy the United States.
waba99 on
Attacking the Fed, Venezuela, Greenland, Canada, Muslims, trans people, immigrants, Asians, California, Elon, not Elon, Congress, New York City, underage girls, beauty pageant contestants, Russia, Ukraine, China, Taiwan, Black people, Latinos, the EU, Palestine, his own daughter, disabled people, Harvard, public education. I probably missed 90% of things he has absolutely made vile comments about.
Yet, a disgusting amount of people still support this human waste receptacle.
mvsuit on
Pam Bondi needs to be impeached and disbarred. Trump needs to go to hell. Every silent GOP member of Congress that doesn’t speak up about these abuses by Trump needs to be voted out and shunned for their cowardice, especially the ones accusing Biden of “weaponizing” the DOJ and FBI but tolerating Trump doing much worse to many more people. All corrupt bastards who need to go.
Upper_Cabinet_636 on
Fuck Donald trump, MAGA, and all the brain dead losers who support him
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42 Kommentare
He’s speaking up for himself. Fuck Trump.
I absolutely hate the federal reserve, but i am 100% with them on this.
We cannot have rates set by a dictator.
This is it.
Excerpt
January 11, 2026
Statement from Federal Reserve Chair Jerome H. Powell
Chair Jerome H. Powell
Share
Statement by Federal Reserve Chair Jerome H. Powell
January 11, 2026Transcript (PDF)
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress’s oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. 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.
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.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
Thank you.
Powell has such huge nuts.
What a crap move. Bondi should be disbarred and prosecuted for failing to follow her oath of office. Following the Constitution? More like using it to write love letters to felon Donald Trump.
It couldn’t be more obvious that this is retaliation for refusing to suck Trump’s dick. Jerome Powell is one of the few remaining people in a position of authority that is actually a competent and serious person.
Truly ludicrous to go after him for mismanagement of a construction project as the East Wing is in a landfill somewhere.
Won’t the U.S.dollar completely crash if Trump can just print money and pull interest rates out of his ass?
Proud of him.
Oh for fuck’s… ***enough!*** The President has lost his mind. He must be impeached and removed from office, and convicted so that he can never run again. Call you reps, demand they take action. No less than the fate of democracy is at stake here. Hasn’t it suffered enough?
Glad to see he’s fighting back.
Full throttle into authoritarianism at all angles in 2026 it seems.
Black Swan Event, courtesy of the most incompetent person I had ever heard speak, the President of the United States.
I just can’t believe they can’t wait until June or whenever his term is up. We need hyperinflation *now*? We seriously can’t wait a few months? Shouldn’t he want to time the mass money printing to be right around midterms anyway so that it looks good to stupid people?
J Pow a real one.
A terrorist regime is currently taking over the United States of America and with increasingly violent force.
By Definition terrorism is: the unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims.
A terrorist organization is generally defined as a group using or threatening violence for political, religious, or ideological goals, aiming to create fear and coerce governments or populations, often targeting civilians or non-combatants.
key characteristics include:
– politically motivated violence
– intimidation tactics,
– an intent to influence broader audiences beyond immediate victims.
They have illegally deployed military units into cities and neighborhoods against the civilian population. They use aggressive tactic and overt violence against the civilian population. They are creating an environment of fear by design. They’ve gotten rid of due process for a significant civilian population. They’ve sent their military forces into SCHOOLS, terrorizing children. They’ve sent military forces to intimidate businesses they disagree with. They’re executing mom’s in the street. This is all being done with an intent to influence far beyond the immediate victims. Pretty sure more than just Minnesotans feel scared as fuck right now.
Now we see dozens of masked men, armed to the teeth, entering the homes of US citizens and abducting them, presumably for protesting ICE or based on nothing more than the color of their skin, or their last name.
All this violence, all this fear, all this use of military against our own civilian population, is being ILLEGALY and is being done so that the Trump Regime can further advance their political and ideological goals.
The Trump Regime is a terrorist organization.
How can any AMERICAN truly defend this at this point? Fuck being democrat or republican. What the actual fuck is happening? Anybody left in power with any fucking spine and any sense of love for the United States, Democracy, and The Constitution needs to step the fuck up, or THIS is how Democracy dies.
Okay Republicans are you awake now, can you see it yet, will you wait until he disbands congress?
Our allies should temporarily dump our bonds and shake the proverbial cage. Send trump a message via Wall Street.
Can someone explain in simpler terms the implications of this?
Trump just ensured that Powell will remain on the board after stepping down as chair.
Conservatives are in a cult.
We live in crazy times. Nuts to see the entire justice system being weaponized but also remarkable that this one voice of integrity in an administration would be so lonely and singular.
God Bless and Protect Jerome H. Powell for this statement. May he continue to serve in the public’s best interests.
These Dems weaponizing the governme…. *pulls off mask Scooby Doo style* REPUBLIKKKAN!
So jpow is charged but the ice agent is in hiding on a base somewhere and actively defended.
Only thing he’s guilty of is contempt of trump.
Does trump want the US in another depression?
Epstein files must be really bad
It’s wild that Powell says it much more clearly than any media source would be willing to. He’s got more stones than any US media company.
This guy is going to take all of our money, then bankrupt our entire country, ruin all of its relationships and then hes going to die. What a vengeance and im not talking about Powell.
Jerome Powell might literally be the only adult left in a leadership position in our government.
The US dollar will be worthless by tomorrow morning.
Putin wins. Checkmate.
If tomorrow, congress doesn’t impeach, and charge Trump and his administration with corruption and working for our enemy… The US dollar is dead along with the country.
DC US Attorney office is run by clowns and couldn’t even get an indictment on the sandwich guy.
>”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.”
Respect to Powell for pointing to trump directly.
MAGAs? Speak up. Defend this attack on freedom. Defend using the Justice department like a gang of thugs.
This prosecution brought to you by „Judge Jeannine“ another foxnews host. Lol can’t make this shit up. It would be hilarious satire if it werent so depressingly real.
If Trump ever gets to twist the arm of the Federal Reserve, the economy will crash and the dollar will collapse.
Epstein files are still top of mind for me, anyone else?
Trump is compromised. He gutted half our intelligence apparatus and broadcasted it to the entire world including our enemies, is spreading our defense thin by fighting too many battles on too many fronts simultaneously, mobilizing against US citizens, abandoning our allies which weakens our national security, and now threatens the financial stability of our bond markets and currency.
Congress needs to remove Trump for treason. He is actively working to dismantle and destroy the United States.
Attacking the Fed, Venezuela, Greenland, Canada, Muslims, trans people, immigrants, Asians, California, Elon, not Elon, Congress, New York City, underage girls, beauty pageant contestants, Russia, Ukraine, China, Taiwan, Black people, Latinos, the EU, Palestine, his own daughter, disabled people, Harvard, public education. I probably missed 90% of things he has absolutely made vile comments about.
Yet, a disgusting amount of people still support this human waste receptacle.
Pam Bondi needs to be impeached and disbarred. Trump needs to go to hell. Every silent GOP member of Congress that doesn’t speak up about these abuses by Trump needs to be voted out and shunned for their cowardice, especially the ones accusing Biden of “weaponizing” the DOJ and FBI but tolerating Trump doing much worse to many more people. All corrupt bastards who need to go.
Fuck Donald trump, MAGA, and all the brain dead losers who support him