[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Occupy Democrats [@OccupyDemocrats](/creator/twitter/OccupyDemocrats) on x 701.3K followers Created: 2025-07-18 19:23:17 UTC BREAKING: Federal Reserve Chair Jerome Powell hits back hard at Donald Trump’s smear campaign and destroys his lies about the Fed’s building renovations. Trump is laying the groundwork to use this construction as an excuse to fire Powell… “The project is large in scope because it involves the renovation of two historic buildings on the National Mall and that were first constructed in the 1930s,” Powell wrote to Office of Management and Budget Director Russell Vought. “While periodic work has been done to keep these buildings occupiable, neither building has seen a comprehensive renovation since they were first constructed.” “Both buildings were in need of significant structural repairs and other updates to make the buildings safe, healthy, and effective places to work, including the removal of asbestos and lead contamination, complete replacement of antiquated systems such as electrical, plumbing, heating, ventilation, and air conditioning, as well as fire detection and suppression systems,” he continued. Trump has been attacking Powell for months because he wants him to lower interest rates. Powell has repeatedly and patiently explained that the Fed can’t implement rate cuts yet because of the uncertainty injected into the world economy by the Trump tariffs. Earlier this year, the Supreme Court suggested that Trump can only fire Powell for a specifically articulated reasons. Trump has already showed Republican lawmakers a draft of a termination letter and these building complaints are just him fabricating a reason to justify the firing. “I think he’s terrible… But the one thing I didn’t see him as a guy that needed a palace to live in,” said Trump. “But the one thing I would have never guessed is that he would be spending two and a half billion dollars to build a little extension onto the Fed.” Vought, a MAGA hatchet man, has complained about the $XXX billion costs, claiming that there are discrepancies, and stated that the project requires “additional oversight” from his office and the National Capital Planning Commission. Powell pushed back on this absurd claim. “Although the Board is not generally subject to the direction of NCPC with respect to its building projects, we voluntarily collaborated with the NCPC and benefitted from robust and collaborative engagement with the commission in earlier stages of the project,” Powell wrote in his letter to Vought. “The project is proceeding in accordance with the plan that the NCPC approved in September 2021. Since the plan’s approval by the NCPC, the Board has made a small number of design changes to scale back or eliminate certain elements and has added no new elements,” he continued. “These changes were intended to simplify construction and reduce the likelihood of further delays and cost increases,” he added. As usual, Powell is the picture of professionalism and steady monetary leadership. He refuses to let Trump’s partisan mudslinging affect him and has already signaled that he will not step down if Trump attempts to illegally fire him. Please retweet and ❤️ if you stand with Jerome Powell!  XXXXXX engagements  **Related Topics** [the project](/topic/the-project) [donald trump](/topic/donald-trump) [trumps](/topic/trumps) [powell](/topic/powell) [jerome powell](/topic/jerome-powell) [jerome](/topic/jerome) [federal reserve](/topic/federal-reserve) [Post Link](https://x.com/OccupyDemocrats/status/1946289693068505122)
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Occupy Democrats @OccupyDemocrats on x 701.3K followers
Created: 2025-07-18 19:23:17 UTC
BREAKING: Federal Reserve Chair Jerome Powell hits back hard at Donald Trump’s smear campaign and destroys his lies about the Fed’s building renovations.
Trump is laying the groundwork to use this construction as an excuse to fire Powell…
“The project is large in scope because it involves the renovation of two historic buildings on the National Mall and that were first constructed in the 1930s,” Powell wrote to Office of Management and Budget Director Russell Vought. “While periodic work has been done to keep these buildings occupiable, neither building has seen a comprehensive renovation since they were first constructed.”
“Both buildings were in need of significant structural repairs and other updates to make the buildings safe, healthy, and effective places to work, including the removal of asbestos and lead contamination, complete replacement of antiquated systems such as electrical, plumbing, heating, ventilation, and air conditioning, as well as fire detection and suppression systems,” he continued.
Trump has been attacking Powell for months because he wants him to lower interest rates. Powell has repeatedly and patiently explained that the Fed can’t implement rate cuts yet because of the uncertainty injected into the world economy by the Trump tariffs.
Earlier this year, the Supreme Court suggested that Trump can only fire Powell for a specifically articulated reasons. Trump has already showed Republican lawmakers a draft of a termination letter and these building complaints are just him fabricating a reason to justify the firing.
“I think he’s terrible… But the one thing I didn’t see him as a guy that needed a palace to live in,” said Trump. “But the one thing I would have never guessed is that he would be spending two and a half billion dollars to build a little extension onto the Fed.”
Vought, a MAGA hatchet man, has complained about the $XXX billion costs, claiming that there are discrepancies, and stated that the project requires “additional oversight” from his office and the National Capital Planning Commission.
Powell pushed back on this absurd claim.
“Although the Board is not generally subject to the direction of NCPC with respect to its building projects, we voluntarily collaborated with the NCPC and benefitted from robust and collaborative engagement with the commission in earlier stages of the project,” Powell wrote in his letter to Vought.
“The project is proceeding in accordance with the plan that the NCPC approved in September 2021. Since the plan’s approval by the NCPC, the Board has made a small number of design changes to scale back or eliminate certain elements and has added no new elements,” he continued.
“These changes were intended to simplify construction and reduce the likelihood of further delays and cost increases,” he added.
As usual, Powell is the picture of professionalism and steady monetary leadership. He refuses to let Trump’s partisan mudslinging affect him and has already signaled that he will not step down if Trump attempts to illegally fire him.
Please retweet and ❤️ if you stand with Jerome Powell!
XXXXXX engagements
Related Topics the project donald trump trumps powell jerome powell jerome federal reserve