# Statement from Federal Reserve Chair Jerome H. Powell **URL:** \ **Category:** Off the Hill\ **Created:** [January 12, 2026, 4:40pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427 "2026-01-12T16:40:18Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Topher](https://avatars.discourse-cdn.com/v4/letter/t/9de053/32.png) [@Topher](https://unanimousconsent.discourse.group/u/Topher)\ **Post date:** [January 12, 2026, 4:40pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/1 "2026-01-12T16:40:18Z")
This shit is wild. > **[Statement from Federal Reserve Chair Jerome H. Powell](https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm)** > > Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testi ---
**Author:** ![thespeaker](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/thespeaker/32/10_2.png) [@thespeaker](https://unanimousconsent.discourse.group/u/thespeaker)\ **Post date:** [January 12, 2026, 4:41pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/2 "2026-01-12T16:41:04Z")
Any sense on how ppl at the Fed are reacting to the news? ---
**Author:** ![GOPLD](https://avatars.discourse-cdn.com/v4/letter/g/e495f1/32.png) [@GOPLD](https://unanimousconsent.discourse.group/u/GOPLD)\ **Post date:** [January 12, 2026, 5:05pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/3 "2026-01-12T17:05:19Z")
While this ruined my sunday night, i imagine JPowell’s sunday night was probably worse. ---
**Author:** ![CatholicResentment](https://avatars.discourse-cdn.com/v4/letter/c/d07c76/32.png) [@CatholicResentment](https://unanimousconsent.discourse.group/u/CatholicResentment)\ **Post date:** [January 12, 2026, 5:20pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/4 "2026-01-12T17:20:27Z")
Talk about counterproductive for the admin. ![image](https://canada1.discourse-cdn.com/flex012/uploads/unanimousconsent/original/1X/cbb5e45337d64f49656cd00200c16ca482ac6646.png) > ---
**Author:** ![gummybear](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/gummybear/32/36_2.png) [@gummybear](https://unanimousconsent.discourse.group/u/gummybear)\ **Post date:** [January 12, 2026, 5:43pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/5 "2026-01-12T17:43:52Z")
He deserves it tbh The building renovation was a scam and a fiasco ---
**Author:** ![IndebtedIrishman](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/indebtedirishman/32/7_2.png) [@IndebtedIrishman](https://unanimousconsent.discourse.group/u/IndebtedIrishman)\ **Post date:** [January 12, 2026, 6:27pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/6 "2026-01-12T18:27:05Z")
I don’t disagree that there likely has been a crime or fraud of some sort committed, but I dunno. I wonder if this is going to lead to a complete destruction of our currency. > **[Statement on the Federal Reserve](https://jointstatement.substack.com/p/statement-on-the-federal-reserve)** > > The Federal Reserve’s independence and the public’s perception of that independence are critical for economic performance, including achieving the goals Congress has set for the Federal Reserve of stable prices, maximum employment, and moderate... ---
**Author:** ![vokecor269](https://avatars.discourse-cdn.com/v4/letter/v/7bcc69/32.png) [@vokecor269](https://unanimousconsent.discourse.group/u/vokecor269)\ **Post date:** [January 12, 2026, 6:28pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/7 "2026-01-12T18:28:06Z")
Markets aren’t taking this seriously. I’d tend to agree with them. > **[Powell out as Chair? Odds & Predictions 2025](https://kalshi.com/markets/kxleavepowell/powell-leaving/leavepowell-25)** > > Track what Kalshi's markets predict for "Powell out as Chair?", or trade it yourself. ---
**Author:** ![fondastic](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/fondastic/32/30_2.png) [@fondastic](https://unanimousconsent.discourse.group/u/fondastic)\ **Post date:** [January 12, 2026, 8:22pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/8 "2026-01-12T20:22:20Z")
Let’s be honest: central bank independence is a joke unless they’re following an actual rule, and none of these people want the Fed to. ---
**Author:** ![Topher](https://avatars.discourse-cdn.com/v4/letter/t/9de053/32.png) [@Topher](https://unanimousconsent.discourse.group/u/Topher)\ **Post date:** [January 13, 2026, 4:16pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/9 "2026-01-13T16:16:57Z")
> ---
**Author:** ![Yago](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/yago/32/69_2.png) [@Yago](https://unanimousconsent.discourse.group/u/Yago)\ **Post date:** [January 13, 2026, 5:46pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/10 "2026-01-13T17:46:57Z")
😂 ![image](https://canada1.discourse-cdn.com/flex012/uploads/unanimousconsent/original/1X/35b7f578116a13ebb16f02fe58e86d416e853a01.jpeg) ---
**Author:** ![Georgetowner77](https://avatars.discourse-cdn.com/v4/letter/g/d78d45/32.png) [@Georgetowner77](https://unanimousconsent.discourse.group/u/Georgetowner77)\ **Post date:** [January 13, 2026, 7:06pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/11 "2026-01-13T19:06:47Z")
Does this change who is likely to become the fed chair? ---
**Author:** ![thespeaker](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/thespeaker/32/10_2.png) [@thespeaker](https://unanimousconsent.discourse.group/u/thespeaker)\ **Post date:** [January 13, 2026, 7:13pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/12 "2026-01-13T19:13:49Z")
I imagine this has to make someone like Chris Waller have second thoughts. He doesn’t have the political or financial muscle to deal with a DOJ investigation if he steps out of line with Trump as Chairman. Even if he tries to move rates the admin wants, he won’t be able to do anything if the other members don’t vote with him, and trump will probably hold him personally responsible for any perceived failures. ---
**Author:** ![Topher](https://avatars.discourse-cdn.com/v4/letter/t/9de053/32.png) [@Topher](https://unanimousconsent.discourse.group/u/Topher)\ **Post date:** [January 13, 2026, 7:23pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/13 "2026-01-13T19:23:07Z")
> [@thespeaker](#): > > how ppl at the Fed are reacting to the news? From everyone I talk to there, it seems like they’ve barely noticed. For the Chairman stakes, my sources tell me that Hassett is the pick unless something drastic happens between now and May. Not sure how they get that through Banking given Tillis’s position, but the it sounds like the admin is hellbent on getting the most loyal person they can in there. ---
**Author:** ![BoredAtWork](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/boredatwork/32/24_2.png) [@BoredAtWork](https://unanimousconsent.discourse.group/u/BoredAtWork)\ **Post date:** [January 13, 2026, 8:53pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/14 "2026-01-13T20:53:21Z")
Is Econ Job Rumors freaking out yet? ---
**Author:** ![Topher](https://avatars.discourse-cdn.com/v4/letter/t/9de053/32.png) [@Topher](https://unanimousconsent.discourse.group/u/Topher)\ **Post date:** [January 14, 2026, 3:27pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/15 "2026-01-14T15:27:34Z")
So it’s just Pirro going rogue(ish). This admin is staffed with fucking morons. [https://www.axios.com/2026/01/12/bessent-trump-investigation-powell-federal-reserve](https://www.axios.com/2026/01/12/bessent-trump-investigation-powell-federal-reserve) ---
**Author:** ![BoredAtWork](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/boredatwork/32/24_2.png) [@BoredAtWork](https://unanimousconsent.discourse.group/u/BoredAtWork)\ **Post date:** [January 14, 2026, 6:13pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/16 "2026-01-14T18:13:30Z")
Bessent is delusional if he thought this would happen - Bessent “thought that when the president named a new Fed chair, that Powell would go. But now that’s not going to happen,” another source said. “Now [Powell is] dug in. This really made a mess of things.” ---
**Author:** ![paintmyway](https://avatars.discourse-cdn.com/v4/letter/p/4da419/32.png) [@paintmyway](https://unanimousconsent.discourse.group/u/paintmyway)\ **Post date:** [January 14, 2026, 6:44pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/17 "2026-01-14T18:44:01Z")
Does anyone actually think Judy Shelton is gonna get the pick? It’s a ~11% yield betting no on her. And if you’re considering that it’d be over a 3 month holding period max, it’s closer to a 50%+ annualized yield. Basically free money. ![image](https://canada1.discourse-cdn.com/flex012/uploads/unanimousconsent/original/1X/05a85dfb8152e908dfbaa0392c300a4387461f4d.png) ---
**Author:** ![thespeaker](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/thespeaker/32/10_2.png) [@thespeaker](https://unanimousconsent.discourse.group/u/thespeaker)\ **Post date:** [January 14, 2026, 6:52pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/18 "2026-01-14T18:52:14Z")
Haven’t you already lost multiple paychecks on your Fed related bets? Not quite sure you should be doubling down at this point… ---
**Author:** ![BoredAtWork](https://yyz2.discourse-cdn.com/flex012/user_avatar/unanimousconsent.discourse.group/boredatwork/32/24_2.png) [@BoredAtWork](https://unanimousconsent.discourse.group/u/BoredAtWork)\ **Post date:** [January 14, 2026, 7:11pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/19 "2026-01-14T19:11:50Z")
Weird because her percentage is way lower for fed chair. And there’s no governor spots unless Waller becomes chair. Although her percentage has recently spike from like 1 to 4 > **[Who will Trump nominate as Fed Chair? Odds & Predictions](https://kalshi.com/markets/kxfedchairnom/fed-chair-nominee/kxfedchairnom-29)** > > Track what Kalshi's markets predict for "Who will Trump nominate as Fed Chair?", or trade it yourself. ---
**Author:** ![Kelad](https://avatars.discourse-cdn.com/v4/letter/k/f0a364/32.png) [@Kelad](https://unanimousconsent.discourse.group/u/Kelad)\ **Post date:** [January 14, 2026, 7:18pm UTC](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427/20 "2026-01-14T19:18:09Z")
Clearly it’s a bunch of illiterate morons betting. Bowman and Waller are already governors and have positive yield. Why would Trump nominate them in 2026??? [Next page](https://unanimousconsent.discourse.group/t/statement-from-federal-reserve-chair-jerome-h-powell/427.md?page=2)