Open Thread | They Are Now Trying To Attack Fed. Chair Jerome Powell

Colby Smith
@colbyLsmith
Former Fed chairs and Treasury secretaries put out a statement on Monday defending Powell after the Justice Department opened up a criminal investigation of the chair, likening the move to what happens in emerging markets https://jointstatement.substack.com/p/statement-on-the-federal-reserve
https://x.com/colbyLsmith/status/2010731616684187782

Jason Furman
@jasonfurman
Every former living Fed Chair (Bernanke, Greenspan, Yellen)

Bipartisan former Treasury Secretaries (Geithner, Paulson, others)

Bipartisan former CEA Chairs (Hubbard, Mankiw, Romer–and me)

This is not a difficult or controversial issue. The attack on Powell is dangerous.
https://x.com/jasonfurman/status/2010737147129774577

Colby Smith
@colbyLsmith
NEW: Powell’s decision to respond directly by video on Sunday to the criminal investigation reflected the explosive nature of the Justice Dept’s move.

He worked through the weekend with advisers, culminating in him bluntly calling out the administration for trying to coerce the central bank into lowering rates

Powell’s decision to push back tees up the most challenging moment in his 8 years at the helm of the central bank. Powell, whose term as chair ends in May, must now decide how hard to continue fighting and whether to remain in his role as a governor, a term that ends in 2028.

https://nytimes.com/2026/01/12/business/federal-reserve-changes-course-trump-administration.html
@nytimes
https://x.com/colbyLsmith/status/2010738900566732831?s=20

Annmarie Hordern
@annmarie
FHFA Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar. Some of Trump’s allies were alarmed by the move, fearing a legal fight aimed at Powell will upset the bond market.
https://x.com/annmarie/status/2010659067773984790?s=20

Colby Smith
@colbyLsmith
NEW: The federal investigation into Fed chair Powell has sparked intense blowback, threatening to undermine Trump’s effort to assert more dominance over the central bank

Pirro did not discuss the Powell case with Trump, nor did she share any info with her bosses. Before the subpoenas landed, the Fed had received only two emails from Carlton Davis, listed as special counsel on the DOJ’s website. One on Dec 19 and the other on Dec 29. Neither mentioned the threat of a criminal investigation or subpoenas, and they did not include a deadline for a response

https://nytimes.com/2026/01/13/us/politics/jerome-powell-investigation-blowback.html
@arappeport
,
@GlennThrush
&
@tylerpager

@nytimes
https://x.com/colbyLsmith/status/2011181243786731849

Jared Ryan Sears
@JaredRyanSears
Fed Chair Powell is not the reason that groceries, housing, and healthcare are unaffordable. Trump is.

Broad tariffs were a terrible idea that stopped job creation and drove up prices, making life more difficult for hardworking Americans already struggling.

Trump’s administration is targeting Powell to pressure him to cut rates, but the Fed cut rates three times at the end of last year: in September, October, and December.

All of it is meant to deflect and distract from how terrible Trump has been for the economy.
https://x.com/JaredRyanSears/status/2010752679794843785?s=20

Brad
@Brad__22
Giant unforced error for Trump. Powell won’t back down and the indictment when it comes will be a joke that may get through a grand jury but won’t survive a motion to dismiss. He’ll be fine and Trump will blow political capital and make himself more unpopular
8:20 PM · Jan 11, 2026
https://x.com/Brad__22/status/2010537321100181538?s=20

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38 Responses to Open Thread | They Are Now Trying To Attack Fed. Chair Jerome Powell

  1. rikyrah says:

    Opie 🚂
    @showmeopie
    I’m reminded a lot of how media people continue to repeat the conventional wisdom that Democrats have screwed up on immigration, despite the fact that Democrats have repeatedly tried to pass immigration reform approved by Republicans, only to be blocked by Republicans.
    https://x.com/showmeopie/status/2010870371210170376

  2. rikyrah says:

    Suzie rizzio
    @Suzierizzo1
    ICE agents in Minnesota snatched a young Latino boy who was allegedly around 14 y/o walking home from school! They put him in the car without any parents around which they aren’t supposed to be allowed to do,but obviously they aren’t listening so there will be another lawsuit! 🤬
    https://x.com/Suzierizzo1/status/2010970580518928487

  3. rikyrah says:

    Kyle Griffin
    @kylegriffin1
    Breaking NYT:

    Bill and Hillary Clinton have refused to testify in the House’s Epstein investigation — effectively daring James Comer to follow through on his threats to hold them in contempt.

    “Every person has to decide when they have seen or had enough and are ready to fight for this country … For us, now is that time.”
    https://x.com/kylegriffin1/status/2011089649419047099?s=20

  4. rikyrah says:

    Chris Murphy 🟧

    @ChrisMurphyCT
    Read this story and decide if this is the America you want to live in.

    ICE saw a Latino man driving a car. Chased him down and rammed him. Just because he wasn’t white.

    He was just a guy – an American citizen – driving to the auto shop.

    https://x.com/ChrisMurphyCT/status/2011067556929450349

  5. rikyrah says:

    Ron Filipkowski
    @RonFilipkowski
    In case anybody on Capitol Hill is wondering, the mood right now out here in the hinterlands is for Democrats not to miss votes.

    Especially since so many Republicans are out that Dems could pretty much stop anything with full attendance.

    We are paying attention.
    1:41 PM · Jan 13, 2026
    https://x.com/RonFilipkowski/status/2011161710959476752

  6. rikyrah says:

    Edward-Isaac Dovere
    @IsaacDovere
    the Clintons tell Jim Comer they’ll testify—but in public, refusing his subpoena for a closed hearing—then torch him:

    “Continue to abet the dismantling of America, and you will learn that it takes more than a wrecking ball to demolish what Americans have built over 250 years.”
    https://x.com/IsaacDovere/status/2011120756130754796

  7. rikyrah says:

    Kyle Cheney
    @kyledcheney
    HAPPENING NOW: In federal court in MN, DOJ is struggling to articulate why a person following an ICE vehicle — so long as they are obeying traffic laws — can be stopped for “reasonable suspicion” of a crime.

    Judge Menendez sharply questioning that contention.
    10:27 AM · Jan 13, 2026
    https://x.com/kyledcheney/status/2011112884118700352?s=20

  8. rikyrah says:

    Jesus Freakin Congress
    @TheJFreakinC
    🚨BREAKING: ICE agents in Minneapolis violently detained, threatened, and arrested a U.S. citizen for one reason only, he refused to prove his citizenship.

    In the video, agents immediately escalate to physical force. A man stands with his hands up, repeatedly saying, “I’m not doing anything,” while agents shove him, force him against his car, and begin an illegal search.

    No crime. No warrant. No probable cause.

    An agent falsely claims, “That’s assault,” while they are actively assaulting a U.S. citizen who is complying and not resisting.

    Moments later, the agent admits the truth, saying, “And all we needed was your ID,” openly acknowledging this was an unlawful detention based solely on a refusal to produce identification.

    That is not legal.

    The short agent then threatens, “Don’t move or you will be fucking tased.”

    The man calmly responds, “I’m not moving.”

    The short agent escalates again, snarling, “You’re a fucking bitch, and you’re going to learn the hard way.”

    That is a direct threat of violence against a U.S. citizen whose hands are already behind his back.

    They dig through his pockets anyway, repeating, “I just asked you for an ID,” as if that excuses violating the Fourth Amendment.

    Then, in a moment that exposes the entire operation, the short agent announces, “He has a gun on him! Wouldn’t you look at that.”

    As if Minnesota is not a conceal-carry state.

    The man immediately responds, “A fully registered firearm. Because I’m a U.S. citizen.”

    The short agent casually tosses the firearm onto the car after removing the magazine, demonstrating reckless handling of a legally owned weapon.

    By this point, they have removed his wallet, yet, still do not check his ID, and still continue the arrest.

    The man states the obvious, “Unlawful arrest.”

    The short agent replies, “We’ll see about that.”

    When asked what crime he committed, the short agent deflects, saying, “We’re going to talk about that when we get in the car,” knowing full well he is on camera and cannot articulate a lawful reason.

    Only then do agents begin changing their story, claiming the man “reached for something.”

    The man immediately corrects them, he reached for his whistle.

    ICE agents already admitted the detention was because he refused to show ID. They did not know he was carrying a firearm until after the illegal search. Now they are retroactively inventing justification.

    The video contradicts every word they say.

    This wasn’t law enforcement. This was intimidation, retaliation, and a fishing expedition carried out by armed agents.

    If not carry papers, as a U.S. citizen, gets you assaulted and arrested, then this isn’t law enforcement. It’s a police state.
    https://x.com/TheJFreakinC/status/2011130471481065497

  9. rikyrah says:

    Aaron Rupar
    @atrupar
    These are absolutely monstrous people

    “Mr. Thompson’s resignation came after senior DOJ officials pressed for a criminal investigation into the actions of the widow of Renee Nicole Good, the Minneapolis woman killed by an ICE agent”
    https://x.com/atrupar/status/2011137247312298436

  10. rikyrah says:

    LongTime🤓FirstTime👨‍💻
    @LongTimeHistory
    ICE detain U.S. citizen teacher at special education school—deploy tear gas at student drop off.

    “They broke her window, they pulled her out of car, they have tear gas around children!” yells witness.

    Agent crashed his car into her—then blamed the teacher for “ramming him.”

    “No, I was right in front of her and you rammed her vehicle!” witnesses shouts back.

    “She was turning into school and you rammed in front of her—I am a witness to every moment of this.”

    Concord Education Center is a Level 4 special education school—providing intensive support for children with severe disabilities.

    The school is located in the Inver Grove Heights suburb of St. Paul, Minnesota.
    https://x.com/LongTimeHistory/status/2011166160910438872

  11. rikyrah says:

    Brian Allen
    @allenanalysis
    🚨 BREAKING: The New York Times reports that at least six federal prosecutors in Minnesota have resigned over the Justice Department’s handling of the Renee Good case, including its push to investigate her widow and the reluctance to investigate the ICE agent who shot Good.

    This isn’t a rumor, it’s career prosecutors walking out in protest of how the DOJ has prioritized everything but accountability in this fatal shooting.
    1:02 PM · Jan 13, 2026
    https://x.com/allenanalysis/status/2011151909831508416?s=20

  12. rikyrah says:

    Brian Allen
    @allenanalysis
    🚨 BREAKING: A U.S. official says moves to bring Greenland under U.S. control could unfold within “weeks or months.”

    Let that sink in. This isn’t speculation anymore, it’s a live timetable.
    11:45 AM · Jan 13, 2026
    https://x.com/allenanalysis/status/2011132620269047915

  13. rikyrah says:

    Candidly Tiff
    @tify330
    The same people telling us Jasmine can’t win told us Fetterman was progressive and Lamb was Joe Manchin Jr.

    I am not listening to shit y’all have to say.
    12:31 PM · Jan 13, 2026
    https://x.com/tify330/status/2011144152369823864

  14. rikyrah says:

    Candidly Tiff
    @tify330
    For the record I dont think any Dem can win the general in Texas *right now* but Jasmine will go hard trying. Talarico seems like a decent candidate and both are working on the campaign trail. Why not just let them go hard the primary is in 2 months . All this negative focus about Jasmine is just stupid and yes comes off as racist and sexist.
    12:41 PM · Jan 13, 2026
    https://x.com/tify330/status/2011146582754836829?s=20

  15. rikyrah says:

    Bill Madden
    @maddenifico
    Something horrifying is happening in America: Because he was filming ICE Nazis, whuch is protected under the constitution, an American citizen in St. Paul, Minnesota was brutalized to the point of becoming unresponsive. What happened in Nazi Germany is happening in America. 😳👇
    https://x.com/maddenifico/status/2011159411679793501

  16. rikyrah says:

    Igor Bobic
    @igorbobic
    Murkowski & Shaheen introduced a bill that would prohibit any DOD or State funding “to blockade, occupy, annex or otherwise assert control over the sovereign territory of a NATO member state without that ally’s consent” http://foreign.senate.gov/imo/media/doc/nato_unity_protection_act.pdf
    4:21 PM · Jan 13, 2026
    https://x.com/igorbobic/status/2011201900226756887

  17. rikyrah says:

    The United States versus Elon R. Musk
    @Needle_of_Arya
    Studies have already been done comparing white families in 1860, slaveowners versus whites who never owned slaves, and the wealth difference among white people between the two groups as time marches to the early 21st century is stark.
    https://x.com/Needle_of_Arya/status/2011127858438000828

  18. rikyrah says:

    Brian Allen
    @allenanalysis
    BREAKING: The Trump administration has officially terminated Temporary Protected Status (TPS) for thousands of Somali immigrants in the U.S.

    They are now being ordered to leave the country by March 17 or face deportation.

    Families destabilized. Communities targeted. This is the policy choice.
    7:25 AM · Jan 13, 2026
    https://x.com/allenanalysis/status/2011067145686225405

  19. rikyrah says:

    Brian Allen
    @allenanalysis
    UPDATE: At 34th & Park in Minneapolis, during an ICE raid and active protest, federal agents forcibly removed a woman from her car after she attempted to pass through the area, saying she had a doctor’s appointment.

    Eyewitnesses report agents smashed her windows, cut her seatbelt, dragged her out, and arrested her.

    Local reporting confirms the raid and enforcement action; video and independent coverage of the arrest itself is still emerging.

    https://x.com/allenanalysis/status/2011204846435864814

  20. rikyrah says:

    Kyle Potter
    @kpottermn
    Crazy stat from Delta’s 2025 earnings this morning:

    The airline posted a $5 billion profit … despite selling $1.1 billion LESS in economy tickets than 2024.

    Because premium ticket sales made up the difference. Says everything about where the money is in travel right now.
    https://x.com/kpottermn/status/2011045427043578269?s=20

    Kyle Potter
    @kpottermn
    This stat is also one (of many) reasons why Spirit is failing, Frontier is struggling, Southwest is reinventing itself on the fly, etc etc.

    The economy has split in two. Airlines that are catering to wealthier Americans are succeeding.

    The rest, not so much.
    https://x.com/kpottermn/status/2011070918559170648

  21. rikyrah says:

    Aaron Rupar
    @atrupar
    NEWSNATION: There’s new video of a woman in Minneapolis saying she’s trying to get to a doc appointment and these federal agents bust into her car, drag her out. Is it fair to say some of these operations are going too far?

    REP. MARY MILLER: If you break the laws and resist arrest, it’s not going to be pretty. This is what happens.

    NN: Only 39% support the president’s approach

    MILLER: I don’t believe that. I don’t know how they’re doing their polling.

    https://x.com/atrupar/status/2011192150399082644

  22. rikyrah says:

    they were weak -willed traitors to this country

    Meacham
    @MeachamDr
    Historians will look back at this period in US History and ask why people who had the power to stop him chose not to.
    9:08 AM · Jan 12, 2026
    https://x.com/MeachamDr/status/2010730634810146923

  23. rikyrah says:

    Democracy Docket
    @DemocracyDocket
    Jerome Powell warned Trump was pressuring the Federal Reserve to cut interest rates after the DOJ launched an investigation into the chairman. The move escalates Trump’s pressure campaign against Powell, reigniting concerns about the Fed’s independence.
    https://x.com/DemocracyDocket/status/2011121209761534252

  24. rikyrah says:

    Christopher Webb
    @cwebbonline
    While we’re waiting for Trump and Republicans to unveil their healthcare plan, remember this:

    Health insurance didn’t start as a corporate cash grab. Before the 1970s, giants like Blue Cross and Blue Shield were nonprofits. Then the 1973 HMO Act, signed by Republican President Richard Nixon, turbocharged for-profit healthcare.

    Fast forward: the seven biggest insurers just pulled $71.3 billion in profit.

    THAT’S the plan.
    4:57 PM · Jan 13, 2026
    https://x.com/cwebbonline/status/2011211105079611740?s=20

  25. rikyrah says:

    Acyn
    @Acyn
    Sanders: I am very worried that ICE is becoming a domestic army for Trump, and this goes way beyond the issue of immigration. It goes to the movement of this country toward authoritarianism and fear.
    https://x.com/Acyn/status/2010832332840976637

  26. rikyrah says:

    The United States versus Elon R. Musk
    @Needle_of_Arya
    This tweet is a reminder that when Texas gerrymandered all those blue seats representing its big cities, they created a gaggle of soft pink seats ripe for being flipped blue in a wave year, so don’t be surprised if Abbott’s efforts to redden everything down there backfire.
    https://x.com/Needle_of_Arya/status/2011025965510771180?s=20

  27. rikyrah says:

    Sahil Kapur
    @sahilkapur
    Liberals are getting called racists and Klan members online for arguing that Jasmine Crockett isn’t the right Democrat to nominate for a Texas Senate election. A dream sequence for the
    @NRSC
    .

    Candidly Tiff
    @tify330
    White Liberals are getting called out because they keep saying she is running for her ego and not articulating why they think she can’t win other than she is too bold and loud. It’s underhanded and sounds like dog whistles to our ears.
    https://x.com/tify330/status/2011129501489549458?s=20

  28. rikyrah says:

    Malcolm Nance
    @MalcolmNance
    This is accurate. If we leave NATO, Ukraine joins it, and then Europe and Canada have a united force that exceeds ours … and they don’t have to fly 7 hours across the Atlantic to defend their territory. We’d have to, on limited resources, no place to land and nothing to gain.

    MAGA needs to stop talking shit about fighting our allies for minerals under a mile of solid ICE AGE old ICE.
    https://x.com/MalcolmNance/status/2011139932174106886?s=20

  29. rikyrah says:

    absolutely ridiculous

    Aaron Rupar
    @atrupar
    Sen. Kevin Cramer: “Maybe the point should be if you’re the attorney for Jay Powell and you want to avoid an indictment, how about you go to Jeanine Pirro and say, ‘I’ll make a deal. I’ll step down today if you drop the investigation today.’ To me, that would be a win win for everybody.”
    https://x.com/atrupar/status/2011186784013582341

  30. rikyrah says:

    Simons
    @Simon_Ingari
    Never accept a counteroffer—even if it’s a 100% hike.

    Being in HR, I’ve seen this play out more times than you think.

    A candidate I was hiring for was earning 100,000.
    He got a new offer of 170,000, a solid jump.

    But within 15 minutes of the offer letter hitting his inbox, he backed out.
    His current company dangled a 190,000 counter-offer and he accepted it immediately.

    Fast forward 4 months…
    The same candidate messaged me again.
    His company had laid him off and replaced him with a cheaper resource.

    His message started with:
    Hi sir, I’m really sorry… do you have any openings?

    This is exactly why I keep saying this:

    👉 A counter-offer is not a reward. It’s a strategy to buy time until they find someone cheaper.
    👉 Loyalty doesn’t magically increase with money.
    👉 If they valued you, they wouldn’t wait until your resignation to pay you fairly.

    Please don’t fall for counter-offers. It looks like a win… until it isn’t.
    6:03 AM · Jan 13, 2026
    https://x.com/Simon_Ingari/status/2011046399924724105?s=20

  31. rikyrah says:

    once again…

    THIS PERSON WAS GOING THROUGH THE LEGAL IMMIGRATION PROCESS
    LEGAL
    LEGAL
    LEGAL

    ICE of TikTok
    @ICEofTikTok
    Immigration agents detained an employee of the New York City Council.

    “A regular checkin quickly went awry. He was taken in and he was moved to a detention center.

    He was a city council employee who was doing everything right.

    He went to the court when he was asked. I wanna be clear, he’s legal authorization to remain and work in this country until October, 2026.

    After we learned of his detention, we immediately reached out to the ICE facility office at the Bethpage facility. But shockingly, the phone number doesn’t even work. It says that the number is disconnected.”

    https://x.com/ICEofTikTok/status/2010931184017211476

  32. rikyrah says:

    Darryn M. Briggs
    @darryn_briggs
    Before y’all start- you’d better check the resumé: I LONG warned against jettisoning Biden & giving Kamala Harris a shortened runway.

    I *ALWAYS* thought it was a setup.

    NOT SO for Jasmine Crockett. This is a PRIMARY in a state where she’s WELL known. She gets a FULL SEASON.
    8:43 PM · Jan 12, 2026
    https://x.com/darryn_briggs/status/2010905570409353508

  33. rikyrah says:

    Brian Allen
    @allenanalysis
    🚨 BREAKING: Emmanuel Macron just flatly rejected Trump’s Greenland fantasy.

    The French president made it clear: Greenland is not for sale and will not be taken.

    A direct rebuke of Trump’s threats and a reminder that allies aren’t colonies.

    That’s what leadership looks like.
    https://x.com/allenanalysis/status/2011130736707789069

  34. rikyrah says:

    Aaron Rupar
    @atrupar
    Trump: “One of the reasons they’re doing these fake riots– I mean they’re just terrible. It’s so fake. ‘Shame! Shame! Shame!’ You see the woman. It’s all practiced. They take hotel rooms and they all practice together. It’s a whole scam. We’re finding out who’s funding all this stuff too.”
    https://x.com/atrupar/status/2011166361053987025

  35. rikyrah says:

    HustleBitch
    @HustleBitch_
    🚨 RUBY TUESDAY FIRED HIM ON CHRISTMAS – AFTER 19 YEARS OF LOYALTY

    A longtime general manager says he was fired on Christmas after refusing to force his employees to work the holiday with no extra pay.

    Instead of making staff miss Christmas for free, he volunteered himself. He ran an understaffed restaurant, cooked the food solo, handled nonstop orders, and closed the place the best he could.

    They fired him anyway.

    Now he’s starting over as a server, with a family to support.

    Nineteen years of loyalty. Gone overnight.

    Is this what loyalty gets you now?
    https://x.com/HustleBitch_/status/2011145154523021784

  36. rikyrah says:

    Pop Base
    @PopBase
    South Korean prosecutors are seeking the death sentence for impeached President Yoon Suk Yeol over his imposition of martial law in December 2024.
    https://x.com/PopBase/status/2011102340200431633

  37. rikyrah says:

    Good Morning, Everyone😊😊😊

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