Fed Chair Out? GOP Pushes for Powell’s Resignation
Fed Chair Out? GOP Pushes for Powell’s Resignation
10 Jul 2025
🚨 Fed Chair Jerome Powell is under heavy fire with accusations of lying to Congress about lavish HQ renovations. GOP senators, led by Sen. Bernie Moreno and Sen. Cynthia Lummis, are ramping up pressure for his resignation. Rumors swirl, investigations loom, and the future of the Federal Reserve’s leadership hangs in the balance.
⚖️ Meanwhile, the Supreme Court allows Trump to resume mass federal layoffs, adding more fuel to the political fire.
🔍 What are the legal and political conditions that could lead to Powell’s removal? How would this impact the Fed’s independence?
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