Fed Chair Jerome Powell’s Renovation Scandal: Crime or Just Expensive Taste?
KEY POINTS
- •Jerome Powell reacted strongly to potential criminal charges related to the Federal Reserve’s expensive building renovation.
- •Trump allies on Capitol Hill distanced themselves from prosecuting Powell, highlighting his position until 2028 and the limited timeline of his chair term.
- •Prosecutor Jeanine Pirro admitted going 'rogue,' and both Republican senators expressed skepticism of the investigation, favoring congressional oversight instead.
Jerome Powell, the Fed Chair who usually ghosts political drama better than anyone, flipped the script over his $millions-in-renovation scandal—accused of crime for overpaying on a remodel no one knew was a drip coffee away from a federal case. Trump’s allies, including Senate skeptics like North Dakota’s Kevin Cramer and Pennsylvania’s Dave McCormick, are suddenly defending Powell, calling him 'not a crook' despite questioning if cronyism has a dollar limit. Meanwhile, rogue prosecutor Jeanine Pirro admitted she went off-script, blaming the Fed’s silence for the hullabaloo. Powell's term ends in four months, but power struggles may last till 2028. The Fed’s mojo? Subtle politicking mixed with last-minute Senate charm offensive, still more coordinated than most superhero reboots.
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Source: Axios | Published: 1/13/2026 | Author: Neil Irwin