Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (21) |
Author: marco100   😊 😞
Number: of 84359 
Subject: Re: The right wingers are going to hate this!
Date: 01/12/26 11:52 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
I'm being dead serious.

Powell didn't address the core allegations--that he in some way mismanaged the Fed renovation/construction project.

What he instead tried to do is deflect from that issue and strongly implied that the Fed is independent of any oversight by other branches of government as to its fiduciary responsibility in how it spends the taxpayers' money. That it is fundamentally wrong for the DOJ, or Congress, or anyone, to question the Fed's management of its budget.

That, of course, is clearly absurd.

It is unnerving and concerning because Powell could, and should, have addressed the issue directly:

"The Fed has done nothing whatsoever improper in its use of taxpayer funds in this construction project. I am confident that the DOJ's investigation will verify that 100% and in so doing will show that the Fed can be trusted with its public responsibilities and should remain fully independent from political influence."
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to marco100 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (21) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community