Global Bankers Unite to Defend Fed Chair Amid Trump’s Bureaucratic Horror Show
KEY POINTS
- •On January 13, central bankers from Europe, Canada, and beyond issued a joint statement backing Federal Reserve Chair Jerome Powell amid Trump’s criminal inquiry.
- •The Justice Department subpoenaed the Fed over cost overruns in its headquarters renovations, prompting Powell to call the investigation a political pretext.
- •Senator Thom Tillis vowed to block Trump’s Fed nominees until the investigation concludes, while the Supreme Court prepares to hear a case on Trump’s Fed power.
In January 2026, Jerome Powell found himself not just juggling inflation but also a Trump-backed criminal probe over Fed HQ renovation cost overruns, turning interest rates into a political battleground hotter than the Fed’s server room. On January 13, central bankers from the ECB to Brazil sent a rare ‘solidarity squad’ statement defending Powell’s independence, carefully excluding Japan—officially silent, secretly sliding into a corner. Powell’s fiery Sunday video called the probe a ‘pretext’ for pressuring rate cuts from the 3.5%-3.75% range down to Trump’s dream 1%, while Senator Thom Tillis threatened to freeze Trump’s Fed picks pending probe results. The Supreme Court now eyes whether Trump can boss Fed officials around or just make them nervous for a cameo in political theater.
Share the Story
Trump’s grand plan to pressure Jerome Powell through subpoenas over pricey bathroom renovations is peak 2026 chaos—because nothing says economic crisis like arguing about toilet fixtures while global bankers throw a sympathy party.
Only Donald Trump could turn a Fed HQ renovation bill into the world’s most bizarre economic soap opera starring Jerome Powell.
When your biggest crime might be overspending on Fed espresso machines, but it’s international economic stability on the line. Plot twist: Japan’s just awks in the corner.
Source: Axios | Published: 1/13/2026 | Author: Andrew Pantazi
More Articles in US News
Politico Started A Political Porn Empire, Mother of All Email Junkies
AI Valued at $100B for Offering Free Labor, Humans Still Waiting Paycheck
Nonprofit Throws Monthly Birthday Bashes For Homeless Kids, Applauds Chaos
Couple Tours 29 States, Realizes Maine Has Friendly Lobsters and Trolls
Trump Declares War on 30% Interest Rates, 10% Cap for One Year or Bust
Sailor Spies for China Gets 200 Months: Navy’s New Loyalty Program
ICE Agent’s Fatal Shot Turns Mourning Family into Official Hope Dealers
