đ¨ Trump Tried to Ambush Jerome PowellâAnd Got Schooled Instead
By The Mayor of Funkytown â Political Writer, Resistance Organizer, Truth Teller
Donald Trump and his ever-obedient sidekick Senator Tim Scott thought they had Jerome Powell cornered.
They were readyâarmed with what they believed was damning information about out-of-control spending at the Federal Reserve. They wanted to humiliate Powell on live television, box him in, make him sweat. This was going to be their viral moment.
It didnât go as planned.
At a recent hearing, Scottânow Chair of the Senate Banking Committee and a top-tier bootlicker in the MAGA hierarchyâlaunched into what he clearly thought was a devastating gotcha. He pressed Powell on alleged cost overruns tied to construction at the Federal Reserve Boardâs headquarters.
He called it "wasteful" and said it raised "serious concerns" about the Fedâs stewardship of taxpayer money.
Trump, watching gleefully from his bunker, had teed this up. In classic Trump fashion, he posted earlier in the day about âFed corruptionâ and âJerome Powellâs billions in cost overruns.â You could practically hear the QAnon keyboards clacking.
But then Powell opened his mouthâand calmly wrecked the whole narrative.
With the poise of a man who knows exactly where the skeletons arenât buried, Powell explained that the project Scott and Trump were referring to wasnât the Fedâs current renovation.
Nope.
The âcost overrunâ they were so worked up about had happened five years ago⌠in a completely different building.
Even worse: that older project had already been completed.
đ§ą This Was Never About OversightâIt Was About Intimidation
Trump has been raging against Powell for years, ever since the Fed refused to manipulate interest rates to serve his political ambitions.
Now that heâs fully consolidated power again, heâs looking to settle scores. What better way than to sic his most obedient senator on Powell during a live hearing?
But hereâs the problem for Trump: Jerome Powell isnât some TV extra you can fire on camera.
Heâs a seasoned public servant who came prepared, knew the details, and wasnât intimidated.
Powellâs command of the facts made Scott and Trump look like exactly what they are: political thugs who canât even get their homework right.
Letâs be honestâif the Trump regime were truly concerned about âwasteful spending,â theyâd take a long, hard look in the mirror.
You donât get to spend $8 million on golf trips, hand over billions in tax cuts to billionaires, and then suddenly play deficit hawk when the Fed upgrades its plumbing.
đ Trumpâs Obsession with Powell Is Strategicâand Dangerous
This wasnât just about a fake scandal. Trump has made it clear he wants the Federal Reserve under his thumb.
Heâs already floated the idea of firing Powellâeven though itâs legally questionableâand heâs been quietly building a plan to exert full presidential control over monetary policy if he wins a second term.
This would end the Fedâs independence.
Imagine Trump with the power to:
Manipulate interest rates ahead of elections
Pump the economy to paper over his failures
Crush dissenters by crashing markets at will
Heâs not even subtle about it anymore. This whole charade with Tim Scott was just the latest step in Trumpâs war on institutions that donât bend the knee.
They tried to publicly humiliate Powellâand instead walked straight into a rake.
đĽ But Donât Expect the Truth to Matter to MAGA
Of course, the moment was quickly swallowed by the right-wing noise machine.
MAGA media ran headlines about âFed Corruptionâ and âPowellâs Shame,â conveniently omitting the part where Powell debunked the entire premise in real time.
Facts donât matter to Trumpâs base. Performance does.
As long as he looks like heâs attacking âthe deep state,â thatâs all they care about. Doesnât matter if the building in question was finished in 2019 or if Powell was never involved in its budgeting.
Trump says it, and they believe it; the rest is just noise.
But hereâs the thing: outside the MAGA bubble, reality still exists.
And in reality, Jerome Powell just handed Donald Trump and Tim Scott a live, televised L.
And they didnât even realize it.
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