Originally published at: Powell Goes Public About Trump’s Unprecedented Attack on the Fed
Programming note: Join me for the first Morning Memo Live event on Jan. 29 in Washington, D.C. Find details and tickets here. Banana Republic Tactics In what looked like a hostage video, Federal Reserve Board Chairman Jerome Powell announced Sunday evening that he is the target of a retaliatory criminal investigation by the Trump administration…
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Today’s Heather and Paul;
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Hello? Is this thing on?
Is it still morning?
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Aid to Ukraine is coordinated out of a budget hotel?
Ukraine.
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This is unacceptable!
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*“ICE is reportedly investing $100 million on what it calls “wartime recruitment” of 10,000 new agents, in addition to the 20,000 already employed. Its recruitment is targeting gun and military enthusiasts, people who listen to right-wing radio, who have gone to Ultimate Fighting Championship fights or shopped for guns and tactical gear, live near military bases, and attend NASCAR races. It’s calling for recruits willing to perform their “sacred duty” and “defend the homeland” by repelling “foreign invaders.”*
Robert Reich
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“Martin Peterson, a Texas A&M University philosophy professor, was presented last week with a choice straight out of a dystopian novel. To bring his class in line with a prohibition on course materials that “advocate race or gender ideology,” he could either censor the part of his course that included readings from Plato or he could teach a different class.
The case illustrates the extent to which campus censorship has run amok in Texas: If some of Plato’s texts can’t be taught in a college philosophy course, what, exactly, can be taught?“
I would discuss what I just clipped from the Times, but I might get arrested by the thought police.
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TFG “I know nothing about it!”
July 2025
https://www.npr.org/2025/07/24/nx-s1-5478922/trump-federal-reserve-renovation-jerome-powell
Trump and Tim Scott accompanied Powell as they toured the work currently being done. Press tagging along for just this moment
Trump, waving a document, claimed the costs had now reached $3.1 billion as Powell visibly shook his head in disagreement.
“So we’re taking a look, and it looks like it’s about 3.1 billion [dollars],” Trump said. “Went up a little bit — or a lot.”
Powell pushed back on the president’s assertion, responding: “I haven’t heard that from anybody at the Fed.”
The Fed chair then took the document, looked at it and said the additional costs the president was citing had been for a separate building whose construction was completed five years ago.
That’s still what they’re going on about. And he brought it up in the first place
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The consensus seems to be the House falls to Dems, and maybe the Senate. Much hope and optimism rests on this. However, people should gird themselves for the probability Trump will continue his agenda, as much of what he’s doing is beyond the power and purview of Congress to stop. I think the midterms will be but a speed bump for Trump, even if he suffers a crushing defeat at the polls.
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In Arizona and the West Coast, yes.
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“The criminal investigation…”
…of allegations which Trump would also be guilty of…
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This is the effect on the markets.
Bloomberg pundits likened TFG and his pronouncements like playing Whack-a-Mole as he jumps from to another, none of which have any substance but all of which have consequences.
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Today is a good day for a clot.
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Your cat takes his job seriously 
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Off Topic:
Is it too early to nickname Heaphy’s new law firm “The Good Guys”?
And stop using “Strongman” when you should be writing “wannabe dictator”?
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Which box is holding the Top Secret materials?
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