The Fed spent $3.1B and tried to hide it Trump exposed the mess and now Powell’s job is on the line What happens next will change rate policy and ignite the markets Full story & crypto impact inside 👇🧵

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Trump just confronted Powell over the $3.1B Fed building project He called it luxury waste and accused him of hiding key details What started as a routine visit is now a political wildfire Republicans want a legal review — some even want Powell out

But this isn’t just about a building Trump’s had issues with Powell for years He blames him for high rates and slow growth Now he’s using the scandal as a window to replace him

Congresswoman Luna referred Powell to the DOJ for perjury She says he misled lawmakers about the scale and cost VIP elevators, rooftop gardens, luxury suites — all hidden from the budget Some call it fraud. Others say it’s sabotage to justify firing

Powell’s term ends in 2026, and he’s protected by law But if fraud is proven, Trump could attempt legal dismissal OMB’s director called the whole thing “Versailles-style waste” That opened the door for political action

Trump already has a replacement in mind Treasury Secretary Scott Bessent is the top contender He’s been praised for being “disciplined and aligned” Other names are being floated, but Bessent is ahead

Why the rush? Trump wants rate cuts now He thinks Powell is moving too slow A new Fed chair would allow coordination — spending, stimulus, and tax cuts No fear of market panic, just full throttle policy