DoJ drops criminal investigation into Fed

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News Date: April 18, 2025

⚖️🏛 April 24, 2026: DoJ drops criminal investigation of Fed chair Powell and Fed. This decision clears the way for Trump's nominee, Kevin Warsh, to move forward with his Senate confirmation vote.
🔥 April 15, 2026: Trump threatens to fire Fed chair Powell if he doesn't leave in May. Trump is threatening to fire Jerome Powell if he doesn’t step down on his own 😳
Powell's term expires on 15 May, but he is planning to remain in post until his successor, Kevin Warsh, is confirmed by the Senate.
Even after a successor is confirmed, Trump says he’ll remove Powell if he remains a Fed governor.
🔍 Meanwhile, the investigation into the Fed headquarters renovation is still ongoing.
⚔️ October 28, 2025: President Trump says Fed Chair Jerome Powell will be out in a 'few months.'
Donald Trump is preparing to announce his next Federal Reserve Chair, a decision that could reshape not just U.S. monetary policy — but the global economy.
The finalists:
💼 Christopher Waller – pragmatic insider, favors faster rate cuts
🏦 Michelle Bowman – banking regulator, steady and growth-minded
📈 Kevin Warsh – policy veteran, reform advocate
🤝 Kevin Hassett – loyal Trump adviser, pro-growth voice
💰 Rick Rieder – Wall Street strategist, market stabilizer
With Trump seeking a more aggressive, pro-growth Fed, markets — including crypto — are watching closely. A dovish pick could ignite new rallies, while a cautious one may bring stability but restraint. 🌍
🚨 August 12, 2025: Trump signals he might allow a lawsuit against Fed Chair Powell over costly Fed renovation! 🏛️ He’s doubling down, calling again for rate cuts and threatening legal action. 💥
🕰️ August 1, 2025: Trump posted: “Too Late” Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, also!
🏛️July 21, 2025: Rep. Anna Paulina Luna has referred Fed Chair Jerome Powell to the DOJ for potential perjury, accusing him of lying to Congress about lavish HQ renovations. Powell denied luxury upgrades — but records show a $2.5B project and past full renovations.
Trump, who recently weighed firing Powell, remains critical of his refusal to cut rates. Meanwhile, Treasury Secretary Bessent calls for a broader review of the Fed’s role.
✅ July 16, 2025: According to the New York Times, President Trump reportedly waved a draft letter firing Fed Chair Jerome Powell during a meeting with House Republicans in the Oval Office. He asked them if he should send it. The letter hasn’t been delivered—yet. Powell’s fate may now hinge on political momentum. 🪑🔥
🔥 July 15, 2025: Trump torches Fed Chair Jerome Powell over $2.5B HQ renovations, calling it “disgraceful” and suggesting it’s a fireable offense. 😬 He mocked Powell’s lack of personality and economic judgment, saying, “It’s like talking to a chair.” Trump also claimed he outperformed 69 Fed economists with his predictions 📉📈.
🏛️ July 13, 2025: White House adviser Kevin Hassett says President Trump could fire Fed Chair Jerome Powell if cause is found—possibly tied to the $700 million overrun in Fed HQ renovations.
The administration is pressuring Powell for answers, and some see this as a setup to remove him. Hassett, a possible successor, hinted the decision depends on Powell’s response to a July 10 letter from OMB.
🔥 July 9, 2025: Speculation is growing that Jerome Powell may be planning to resign, following Trump’s call for Congress to investigate the Federal Reserve chief. 👀
💥 June 30, 2025: Scott Bessent says the White House is actively working to select Jerome Powell's replacement in the coming weeks. When asked about stepping into the role himself, Bessent said: “I will do what the President wants.”
🏛 June 27, 2025: President Trump calls for Fed Chair Jerome Powell to resign. Trump: I'd love for him to resign… He’s done a lousy job.
🏦 June 25, 2025: President Trump has begun interviewing candidates to replace Federal Reserve Chair Jerome Powell. "I know within three or four people who I’m going to pick," he stated Wednesday.
🏛️ June 21, 2025: Trump posted: maybe, I’ll have to change my mind about firing him? But regardless, his Term ends shortly!
🏛️ June 18, 2025: President Trump ramps up attacks on Fed Chair Jerome Powell — and half-jokingly suggests appointing himself to lead the Federal Reserve. "I’d do a better job," he quipped, fueling speculation and headlines alike.
🏛️ June 7, 2025: President Donald Trump announced that a decision on the next Federal Reserve chair is coming “very soon.” Speaking aboard Air Force One, Trump reiterated his stance that a strong Fed leader would lower interest rates. Kevin Warsh is seen as the frontrunner, as Trump continues to criticize current Chair Jerome Powell’s rate policy.
May 20, 2025: A reported court ruling has sparked speculation that President Trump could have the authority to remove Federal Reserve Chair Jerome Powell, potentially paving the way for interest rate cuts. However, no official sources confirm this ruling, and legal protections under the Federal Reserve Act suggest Powell’s position remains secure absent misconduct. Stay tuned for verified updates!
President Donald Trump, who nominated Jerome Powell to lead the Federal Reserve in 2017, recently stated he has “no intention” of firing the central bank chair before his term ends in 2026. This marks a shift from Trump’s escalated rhetoric, where he hinted at the unprecedented step of ousting him over disagreements on interest rate policies. Trump’s push for lower rates to counter his tariff-driven economic agenda has clashed with Powell’s warnings of potential inflation and slower growth. Despite the de-escalation, which calmed markets, Trump’s continued pressure suggests the Fed’s independence remains under strain as he tests the limits of his influence.
Trump’s frustration centers on the Fed’s refusal to cut interest rates, which he says hinders growth.
Powell, whose term lasts until May 2026, has stressed the Fed’s independence. Removing him would require proving misconduct, a legal challenge no president has won. The move could test the Fed’s autonomy.

Global Trade Reset Officially Kicks Off with GCR/RV

The U.S. is spearheading a global trade system overhaul, driven by the Global Currency Reset (GCR) and Revaluation (RV).
The U.S. Trade Representative aims to end currency manipulation, a practice President Trump has long blamed for unfair trade.
The Treasury insists tariff deals must tackle currency imbalances, pushing for fair revaluation to restore balance.
Gold's surge past $3,200 signals the reset's momentum.
Tariffs, Trump's tool to level the playing field, have sparked this moment, with trade truces opening doors to new terms.
"The day we have waited for is here," our supporters said.
As nations navigate these changes, the GCR/RV could reshape global commerce for years to come.

Visa Files Patent For Blockchain Digital Fiat Currency

Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. The filing is for a fiat-linked cryptocurrency system using a private distributed ledger technology (DLT).
Source:bitcoin.com

Central banks chiefs out

With Angela Merkel on her way out as Chancellor, her former chief economic advisor, Jens Weidmann, announced plans to step down at the end of the year as head of Germany's Bundesbank after a decade at the helm of the national central bank.
Dallas Fed President Kaplan and Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Former Iranian Central Bank Chief Handed 10-Year Prison Sentence.
Slovakia's central bank chief and European Central Bank governing council member Peter Kazimir has been charged with corruption.
Philippine central bank Governor Benjamin Diokno said he is with "team transitory" and that it is more prudent for the country to delay monetary tightening.
The Turkish lira hit a record low overnight after President Recep Tayyip Erdogan ordered a new round of dismissals at the country's central bank.
So, central bank are starting to worry. They were wrong about inflation because they were wrong about supply chains, and they were perhaps wrong about labor markets, which they had just taken years to learn had no serious bargaining power.
To be continued... Stay Tuned!.
Sources: www.cnbc.com ,gesara.news

Russia, Iran to develop alternative to SWIFT

Russia and Iran have been cooperating to connect their interbank messaging systems in order to bypass the SWIFT financial transactions network, Kazem Jalali, Ambassador of Iran to Russia, said on Thursday.
SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
Both countries are facing severe Western sanctions, making settlements in trade through SWIFT difficult or impossible.
Source: www.siasat.com

Welcome to Blockchain, Federal Reserve!

Once Anti-Bitcoin, JPMorgan Provides Banking Services to Crypto Exchanges Coinbase and Gemini.
Source:cointelegraph.com