It’s a story as old as fiscal responsibility and twice as entertaining: the grand political soap opera featuring Donald “The Torchbearer of Tangents” Trump, Jerome “The Ledger Lover” Powell, and a building that cost more than a small country’s GDP. Imagine the drama-actors with more ego than a dragon guarding its treasure, and a plot twist involving billion-dollar renovations that might make even a financier gasp.
Trump Blasts Powell Over Fed Building Costs – Cue the Dramatic Music
In a social media post that surely woke the ghosts at the Federal Reserve, Trump accused Powell of orchestrating a renovation that cost three billion dollars. That’s enough to buy a small island or a surprisingly luxurious yacht-whichever you prefer, really. According to him, the supposed fix-up that was so *horribly managed* should’ve only set back the government fifty million, tops. Because who needs fiscal discipline when you have $3 billion to burn? 🏗️🔥
Now, Trump is pondering whether to unleash a lawsuit against Powell, calling his work “grossly incompetent.” Think of it as a legal version of a ‘Made in China’ label-easily ripped off, yet somehow emblematic of the chaos.
The plot thickens: Congressional Republicans are also pointing fingers, essentially yelling, “What did you do to our Fed headquarters, Powell? Did you renovate it with Monopoly money?” Meanwhile, Russell Vought, the budget boss, accused Powell of ignoring rules and mismanaging funds like someone trying to turn a dollar into a doughnut-impossible, but fun to watch.
Powell, ever the diplomat, responded with a calm shrug, affirming the renovation was overseen with “proper” diligence-though the costs suggest otherwise. Trump, meanwhile, took a swing at Steven Mnuchin, claiming he’s partly to blame for Powell’s appointment-because what’s a government announcement without some blame-shifting?
Trump’s Next Big Move: Rate Cuts and Divine Intervention
Apparently, Trump believes Powell’s slowpoke interest rate policies are a national tragedy. “The damage he’s done by always being Too Late,” he laments, “could fill a library… if libraries were known for their patience and poor timing.” But the economy, according to him, is resilient enough to survive what is essentially economic limbo-while Trump plans to keep the drama going, like a soap opera without commercials.
Powell’s Future: The Cliffhanger
The Fed chair’s contract runs until May 2026, but given Trump’s flair for dramatic exits, he’s considering pulling the plug early. Unfortunately for him, removing Powell isn’t as simple as firing a guy who forgets to take out the trash-serious reasons are required, which makes the whole thing more complicated than tying a shoelace in a tornado.
Meanwhile, Trump has nominated Stephen Miran to the board, a man who will serve until January 2026-so presumably he’ll have enough time to learn the phrase “fiscal responsibility” without needing a crash course in chaos theory.
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2025-08-12 18:37