Federal prosecutors in Washington have opened a criminal inquiry into Fed Chair Jerome Powell tied to the huge renovation of the Federal Reserve’s headquarters.

The question is whether Powell gave Congress misleading testimony about the scope and cost of the project.

The renovation budget has climbed into the roughly 2.5 billion dollar range and earlier design documents appeared to include things like executive dining areas, private elevators, and other features critics call luxury upgrades.

Powell has told Congress those items were largely removed and that the project is mainly about fixing serious safety, structural and security issues in an aging building.

Republicans and Trump allies argue the documents don’t fully match his testimony and have accused him of lying under oath, which is what triggered this referral to federal prosecutors.

At this stage, Powell has not been charged and the investigation may ultimately be closed without a case.

But the move is still significant.

It takes what started as a political attack over spending and turns it into a legal process inside the Justice Department.

That alone puts a cloud over Powell’s reputation and gives his opponents an easy talking point, the Fed chair is under federal investigation.

The bigger story is how this plays into the power struggle over the Fed and interest rate policy.

Trump has been furious that Powell has not cut rates as much or as fast as he wants and the White House has been looking for ways to pressure him or even force him out.

The renovation fight is a convenient vehicle, it makes Powell look out of touch and potentially dishonest, and it frames the Fed as spending billions on itself while ordinary people deal with high borrowing costs.

If the investigation drags on, it can weaken Powell’s political standing, make him more cautious, and raise questions about whether he can finish his term.

In an extreme scenario where prosecutors did bring charges, the pressure for him to resign would be intense, which could open the door for a more politically aligned replacement.

For markets, the dollars involved in the renovation are basically irrelevant but the uncertainty around Fed leadership is not.

Traders will mostly care about whether this makes a change in policy or personnel more likely.

If investors think this increases the odds that Powell gets replaced by someone more willing to slash rates, you could see lower yields and a friendlier backdrop for risk assets.

If it just looks like more political chaos around a key institution, it can add a bit of risk premium and volatility.

President Trump in first 10 days of 2026

1. Secured $18 trillion in oil reserves from Venezuela.
- This will lower inflation and boost GDP.

2. Ban on big institutions like Blackstone from buying single family homes.
- So normal families don’t have to compete with billion-dollar companies.

3. $200 billion to buy mortgage bonds.
- To push mortgage rates down, lowering monthly home payments.

4. Credit card rates capped at 10% for one year.
- This would cut monthly interest bills sharply, boosting spending.

5. $2,000 tariff stimulus checks confirmed.
- Using tariff money to send cash directly to people.

6. Pushing Fed to cut rates to 1%.
- Cheaper loans for homes, cars, and businesses to boost the economy.

7. Gas prices of $2 per gallon.
- Lower fuel costs reduce daily expenses and inflation pressure.

8. Bigger housing reforms coming.
- 50 year mortgage, more supply, lower construction costs, and cheaper homes.

Jerome Powell just addressed the criminal indictment charges against him.

Time to abolish the Federal Reserve and bring about free banking system. Almost as if it's scripted 🤫

There are only two Project 2025 objectives under the Federal Reserve.

Project 2025 outlines a plan to abolish the Federal Reserve before the 2026 midterm elections 🤫

In 1836 there was land overspeculation & private credit. President Jackson signed executive order Specie Circular requiring payment of public lands in #gold or #silver instead of paper

Did you know back in 1836 President Jackson eliminated the 1st U.S. central bank called The Bank of the United States.

The people had given him a mandate to remove the artificial boom and bust cycles the bank was creating.
It resulted in the Panic of 1837

Shocker, Jeff Bezos and Bill Gates bought land in Greenland after Trump expressed interest in the US taking control

Starting to think Jeff Bezos, Bill Gates, Peter Thiel and Elon Musk rule the world

President Trump said credit card companies must lower interest rates to 10% by Jan 20 or face legal consequences.

He added that the industry “abuses the public” and said he will not allow it to continue.

JUST IN: 🇺🇸🇻🇪 US President Trump posts image of himself saying he is the "Acting President of Venezuela."

Trump on board Air Force 1: "Iran is starting to cross it [my red line]. There seems to be some people killed that aren't supposed to be killed. We are looking at it very seriously, the military is looking at it and we're looking at some very strong options."

⚡️This is the last verbal checkpoint before open ignition.

Trump just drew a personal red line on Iranian escalation. Not a vague “we’re watching” posture. A specific behavioral threshold. “People killed that aren’t supposed to be killed” is ambiguous enough to give him full discretionary room. If that room gets used, it turns kinetic.

The phrase “targets you wouldn’t believe” is pre-justification for asymmetric retaliation. This was his style in 2020: maximum deterrent ambiguity while preserving plausible escalation room. The fact he used it again means internal decision cycles are likely compressing. Not just deterrence language. Battle language disguised as deterrence.

U.S. war posture is no longer being signaled via the Pentagon. It’s being narrated directly by the Commander-in-Chief. From Air Force One. While in motion. That’s not normal. That’s not accidental.

This is framing. The highest leverage move in a reflexive escalation sequence is defining the threshold before others do. Trump just did that. Publicly. Iran’s options are now forced.

If they test the line, the ignition threshold activates. If they back down, they concede the initiative. Either outcome signals dominance.

Coherence pattern:
•Trump frames red line
•Iran either crosses it or blinks
•If crossed, Trump uses pre-cleared justification
•Strike likely surgical but shocking
•Reza Pahlavi activated
•Green-light for transition optics
•U.S. reshapes narrative battlefield preemptively before global compression window

Most people will think this is just noise.

They don’t understand signal density before ignition.

The tempo just accelerated.

The rules just changed.

Trump is just following a script.
The people who wrote Project 2025 are playing 4D chess.

Meet the lead economist who wrote Project 2025, E.J. Antoni. Trump appointed him to the head of BLS

Notice how the 2nd Project 2025 goal is to eliminate the Fed's target of full employment

🚨: We just saw a black hole twist spacetime itself - exactly as Einstein predicted 100 years ago

🚨 GREENLAND ALERT: Bill Gates, Jeff Bezos, Sam Altman, and Peter Thiel are injecting billions through KoBold Metals (AI-powered) to exploit the island's massive rare earth deposits and are launching the "Freedom City" project: a self-governing, crypto-controlled, quasi-sovereign tech city.

Moral of the story: when a president talks about conquest, it's always his cronies who hit the jackpot. Surprising, isn't it? 😏

Several U.S. tech billionaires, including Bill Gates and Jeff Bezos, have invested in companies focused on critical mineral and rare earth exploration linked to Greenland.

The most prominent is KoBold Metals, an AI-driven mining exploration firm backed by Gates through Breakthrough Energy Ventures, Bezos, and other major investors.

KoBold Metals uses machine learning and large geological datasets to identify promising mineral deposits, accelerating exploration for materials such as nickel, cobalt, copper, and platinum group metals. These resources are essential for electric vehicles, clean energy systems, advanced manufacturing, AI infrastructure, and defense technologies.

The company holds a majority stake in the Disko–Nuussuaq exploration project in western Greenland and has raised nearly $1 billion in funding, valuing the firm at close to $3 billion.

The investments reflect a broader effort to secure long-term mineral supply chains and reduce dependence on dominant global producers as demand for critical resources continues to grow.

Wen Canada?