Breaking: Trump faces revolt from his own party - Brian Tyler Cohen

[TexasTowelie]

Trump's Criminal Investigation of Fed Chair Powell

President Trump has opened a criminal investigation into Federal Reserve Chairman Jerome Powell over alleged misrepresentations to Congress regarding renovation costs at the Fed's Washington headquarters. Powell publicly stated this is actually retaliation for the Fed not lowering interest rates according to Trump's preferences, calling it "an unprecedented action" meant to intimidate the Fed into setting rates based on "political pressure" rather than economic evidence.

Republican Pushback

Several Republican senators are opposing Trump's actions:
- Tom Tillis pledged to block all Fed nominees until the investigation is resolved
- Lisa Murkowski called it "nothing more than an attempt at coercion" and supported blocking nominees
- Kevin Cramer stated Powell is "not a criminal" despite being critical of his performance
- French Hill warned the probe could "undermine this and future administration's ability to make sound monetary policy"

Why Fed Independence Matters

Elizabeth Warren explained that an independent Fed prevents presidents from manipulating interest rates for political gain (like artificially boosting the economy before elections), which could cause long-term economic damage through simultaneous inflation and unemployment increases.

The Irony

The video notes Trump is investigating Powell over building renovation issues while Trump himself just renovated the White House's East Wing, highlighting what the creator calls Trump's lack of self-awareness and focus on personal vendettas over campaign promises.