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"The Trump administration is officially going after Fed chairman Jerome Powell. The Department Of Justice is alleging that Jerome lied under oath during his testimony to the Senate in the summer of 2025.
This is a problem, because if the DoJ formally charges Jerome and wins, Trump will have the power to fire Jerome for cause, and replace him with someone who will change the Fed’s policy the way he wants.
However, it’s not about removing Jerome as the Fed chair. After all, Jerome will be stepping down as Fed chair in a couple of months. It’s about something much bigger. Today we explain what, and why."
~ Coin Bureau
The video discusses the Trump administration's strategy to increase influence over the Federal Reserve by targeting Federal Reserve Chairman Jerome Powell through a Department of Justice investigation. While Powell’s term as chair ends in 2026, he remains a member of the Federal Open Market Committee until 2028, leading to allegations that the administration is digging up dirt to force his total resignation and replace him with a loyalist. The specific legal pressure stems from allegations that Powell lied under oath during a 2025 Senate testimony regarding a controversial two point five billion dollar renovation of the Fed's headquarters. Although no formal charges have been filed, the video notes that Powell has publicly stated that no one is above the law, suggesting he recognizes the seriousness of the probe. Ultimately, the narrator argues that while these political manoeuvres may cause short-term market volatility, the Fed’s long-term trajectory of currency devaluation to manage massive global debt bubbles will likely continue regardless of who is in control.
0:00 Intro
1:06 Who Controls The Fed?
5:16 Why Is The DoJ Targeting Jerome?
10:05 DoJ Accusations Against Jerome Powell
15:24 What Happens If Jerome Is Guilty?
Source - Coin Bureau Finance YouTube: https://www.youtube.com/watch?v=4q52DN5VlTo
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
