Latest News
January 1, Powell Shows Up At Supreme Court Firestorm
Wyatt’s Take
- Fed Chair Powell is set to watch the Supreme Court take up whether Trump can fire Fed governor Lisa Cook.
- Trump isn’t happy with the Fed’s refusal to lower interest rates and has suggested action against Powell.
- A new Justice Department probe questions Powell about Federal Reserve spending.
Jerome Powell, leader of the Federal Reserve, plans to attend the Supreme Court session this week about the firing attempt on governor Lisa Cook. This move signals strong support for Cook, something court watchers don’t see often.
The Supreme Court will be deciding if President Trump can remove Cook, after he said last August he’d like her out. Powell’s presence at the hearing is confirmed by anonymous sources.
Trump has criticized Powell and suggested firing him too, mainly because the Fed won’t lower interest rates. Lately, however, he has called such a firing “highly unlikely.”
The Justice Department is now investigating if Powell misled Congress about the cost and scope of giving the Federal Reserve building a facelift.
Powell pushed back fast, with a video message that called the criminal probe payback for resisting the pressure to cut rates.
Wyatt Matters
This clash is about who really calls the shots over our money and who takes the heat when things cost more. Working folks can’t afford games with their paychecks on the line.
-
Entertainment3 years agoWhoopi Goldberg’s “Wildly Inappropriate” Commentary Forces “The View” into Unscheduled Commercial Break
-
Entertainment2 years ago‘He’s A Pr*ck And F*cking Hates Republicans’: Megyn Kelly Goes Off on Don Lemon
-
Featured3 years agoUS Advises Citizens to Leave This Country ASAP
-
Featured3 years agoBenghazi Hero: Hillary Clinton is “One of the Most Disgusting Humans on Earth”
-
Entertainment2 years agoComedy Mourns Legend Richard Lewis: A Heartfelt Farewell
-
Latest News2 years agoNude Woman Wields Spiked Club in Daylight Venice Beach Brawl
-
Featured3 years agoFox News Calls Security on Donald Trump Jr. at GOP Debate [Video]
-
Latest News2 years agoSupreme Court Gift: Trump’s Trial Delayed, Election Interference Allegations Linger
Dan Meyer
January 20, 2026 at 1:51 pm
‘Independent agency’ is the argument Powell, etal, claim for the Federal Reserve. If requiring massive amount of taxpayers’ money is an indication. Then, the Reserve is anything BUT ‘independent’. Therefore, the POTUS would have authority to make personnel decisions.
To provide written estimates for any work, regardless of scale, there IS an understanding that the bottom line has a certain degree of uncertainty. To make more than a $700 million overrun on costs is clearly wrong, unacceptable. Unforeseen labor, material costs,… notwithstanding, contractors are expected to stand by their proffers bids. They are ‘professionals’. When the client, the Reserve allows these overruns Without altering the original agreements, continue to pay Without scrutiny, THAT is negligent. As a taxpayer, I expect restitution for the flagrant disregard of how OUR monies are spent.