Trump Budget Chief Criticizes Fed Chair Powell's Management of Central Bank
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Is Powell the Fed’s Puppet? Trump’s Budget Chief Exposes Elite Corruption and Fed’s Out-of-Control Spending

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Summary

Russell Vought’s explosive claims reveal how Federal Reserve Chairman Jerome Powell is running the central bank into the ground with reckless spending and deception, raising questions about who really controls America’s money.

What’s really going on behind the Federal Reserve’s closed doors? President Trump’s budget chief, Russell Vought, just pulled back the curtain on Jerome Powell’s disastrous leadership of the Fed. Not only is Powell ignoring the president’s calls to slash interest rates and boost the economy, but he’s also been caught red-handed lying to Congress about a $2.5 billion renovation project that’s wildly over budget—think Versailles-level extravagance but paid for by American taxpayers! Vought’s letter exposes how Powell’s Fed is out of control, spending double what’s normal on a federal building, with luxury features that Powell denies exist. Is this just incompetence, or is there a deeper conspiracy involving the globalist elite using the Fed to undermine American sovereignty and enrich themselves? And with the Supreme Court shielding Fed members from removal, how can Trump rein in this rogue institution? The American people deserve answers—and a Fed that serves their interests, not the deep state’s.

Source

CNBC

Fact-checking

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President Donald Trump's budget chief stated on Thursday that Federal Reserve Chairman Jerome Powell has mismanaged the Federal Reserve.

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Vought suggested that Powell may have provided inaccurate information to Congress regarding the renovation of the central bank's headquarters.

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President Trump has repeatedly requested that the Federal Reserve lower interest rates.

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President Trump has reportedly considered replacing Powell before the end of his term.

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Vought's letter raises the issue of whether President Trump might seek to remove Powell for cause.

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A recent Supreme Court decision indicated that Federal Reserve board members have certain protections against removal by the president.

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The Federal Reserve has been running an operating deficit since FY23, the first time in its history.

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The renovation of the Federal Reserve's headquarters is now up to $2.5 billion, roughly $700 million over its initial cost.

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