{"id":37204,"date":"2025-07-16T11:31:52","date_gmt":"2025-07-16T11:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37204"},"modified":"2025-07-16T11:31:52","modified_gmt":"2025-07-16T11:31:52","slug":"jerome-powell-resignation-imminent-is-btc-about-to-rocket","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37204","title":{"rendered":"Jerome Powell Resignation Imminent: Is BTC About to Rocket?"},"content":{"rendered":"<div>\n<p data-start=\"350\" data-end=\"809\">President Donald Trump says he\u2019s found the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">legal leverage<\/a> needed to finally remove Federal Reserve Chair Jerome Powell, pointing to what he calls a \u201cdisgraceful\u201d $2.5 billion renovation of the central bank\u2019s headquarters in D.C.<\/p>\n<p data-start=\"350\" data-end=\"809\">Already momentum is building for Powell\u2019s resignation, with Congresswoman Anna Paulina Luna confirming that Powell\u2019s firing is imminent. Is <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/\" target=\"_blank\" rel=\"nofollow sponsored\" data-symbol=\"btc\" data-name=\"Bitcoin\" data-price=\"118954.000000000000000\" data-change=\"1.67\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\">BTC <span style=\"color: #37a72b;\">\u25b21.67%<\/span><\/a> about to <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">rocket to $130,000<\/a> on this news?<\/p>\n<p data-start=\"811\" data-end=\"1019\">Trump\u2019s criticism centers on the ballooning costs of the Fed\u2019s multi-year renovation project, originally approved in 2021 but now hundreds of millions over budget.<\/p>\n<p data-start=\"811\" data-end=\"1019\">In a press stop on Tuesday, Trump doubled down:<\/p>\n<blockquote>\n<p data-start=\"1023\" data-end=\"1169\">\u201cI think he\u2019s terrible. I think he\u2019s a total stiff. But the one thing I didn\u2019t see him is a guy that needed a palace to live in,\u201d Trump told reporters. \u201cWhen you spend $2.5 billion on, really, a renovation, I think it\u2019s really disgraceful.\u201d \u2013 Donald Trump<\/p>\n<\/blockquote>\n<figure id=\"attachment_260164\" aria-describedby=\"caption-attachment-260164\" style=\"width: 1575px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-260164\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12.png\" alt=\"\" width=\"1575\" height=\"477\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12.png 1575w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12-300x91.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12-1024x310.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12-768x233.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12-1536x465.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-12-50x15.png 50w\" sizes=\"auto, (max-width: 1575px) 100vw, 1575px\"><figcaption id=\"caption-attachment-260164\" class=\"wp-caption-text\">(<strong><a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a><\/strong>)<\/figcaption><\/figure>\n<h2 data-start=\"1599\" data-end=\"1652\">Powell Resignation: You Live In a Banana Republic Now<\/h2>\n<p>By arguing Powell mismanaged funds, Trump is trying to sidestep restrictions on firing a Fed chair over rate decisions. But pulling the trigger could backfire.<\/p>\n<p>Removing Powell would mark an unprecedented breach of <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">central bank autonomy<\/a>, and it could be the kind of move that rattles investors, unanchors inflation expectations, and throws the Fed\u2019s mandate into political crossfire.<\/p>\n<p>The argument goes that while the puppet Trump installs will lower rates to zero, it\u2019ll also place more control in the executive branch. We\u2019ll experience one gigacycle to end all cycles, followed by a severe lack of trust in the rule of law.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;ll believe the rumors when it actually happens, but I would love to see President Trump fire Jerome Powell, immediately appoint himself fed chair, change all the locks before a district judge can reinstate Powell, and cut the rates 3 points with a frosting-covered sword <a href=\"https:\/\/t.co\/Npsuzq1lpC\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/Npsuzq1lpC<\/a><\/p>\n<p>\u2014 Whale Psychiatrist <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@k_ovfefe2) <a href=\"https:\/\/twitter.com\/k_ovfefe2\/status\/1945298989152133265?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-start=\"1999\" data-end=\"2235\">Legally, Powell can only be removed \u201cfor cause,\u201d such as misconduct. Trump\u2019s case appears to hinge on accusations that Powell misrepresented renovation costs in congressional testimony and violated the terms of local building approvals.<\/p>\n<p data-start=\"2237\" data-end=\"2403\">Fed watchers warn that firing Powell now\u2014before <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">his term ends in May 2026<\/a>\u2014could damage U.S. creditworthiness, spike borrowing costs, and raise inflation expectations.<\/p>\n<h2 data-start=\"2405\" data-end=\"2449\"><strong data-start=\"2405\" data-end=\"2449\">Inside the Fed\u2019s $2.5B Renovation Blowup<\/strong><\/h2>\n<p data-start=\"2722\" data-end=\"3021\">While the Fed insists this is the first \u201ccomprehensive renovation\u201d since the building\u2019s opening,\u00a0 Trump officials say the price tag jumped nearly $600 million over budget due to inflation, labor shortages, and underground construction constraints tied to D.C. zoning laws.<\/p>\n<p data-start=\"3023\" data-end=\"3195\">In 2024, the Fed canceled plans for a third building entirely due to rising costs. Budget Director Russ Vought blasted the project as a waste of taxpayer money:<\/p>\n<blockquote>\n<p data-start=\"3278\" data-end=\"3365\">\u201cTrump is extremely troubled about the Fed\u2019s ostentatious overhaul,\u201d said Russ Vought \u201cThe plans call for rooftop terrace gardens, VIP private dining rooms and elevators, water features, premium marble, and much more.\u201d<\/p>\n<\/blockquote>\n<figure id=\"attachment_260183\" aria-describedby=\"caption-attachment-260183\" style=\"width: 1179px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-260183\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/1752631418977678.jpg\" alt=\"\" width=\"1179\" height=\"413\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/1752631418977678.jpg 1179w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/1752631418977678-300x105.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/1752631418977678-1024x359.jpg 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/1752631418977678-768x269.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/1752631418977678-50x18.jpg 50w\" sizes=\"auto, (max-width: 1179px) 100vw, 1179px\"><figcaption id=\"caption-attachment-260183\" class=\"wp-caption-text\">(<strong><a class=\"general-link\" href=\"https:\/\/x.com\/AfroReporter\" target=\"_blank\" rel=\"noopener nofollow\">X<\/a><\/strong>)<\/figcaption><\/figure>\n<p data-start=\"3502\" data-end=\"3526\">Powell pushed back hard, alleging that, \u201cThere\u2019s no VIP dining room. There\u2019s no new marble\u2026 There are no special elevators. There are no new water features. And there\u2019s no roof terrace gardens.\u201d<\/p>\n<h2 data-start=\"3803\" data-end=\"3867\"><strong data-start=\"3803\" data-end=\"3867\">Trump\u2019s Strategy: Overspending + Misrepresentation = \u2018Cause\u2019<\/strong><\/h2>\n<p>Trump appears ready to capitalize on Powell. Deputy Chief of Staff James Blair, a Trump appointee to the commission, said Powell\u2019s testimony \u201cleads me to conclude the project is not in alignment with approved plans.\u201d<\/p>\n<p data-start=\"4524\" data-end=\"4673\">If Trump pulls it off, expect the golden crypto bull run due to low interest rates and institutional FOMO, but also a constitutional migraine. It\u2019d be a win for markets, a loss for precedent.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/tether-ceo-paolo-ardoino-hopes-for-net-positive-from-us-elections-says-bitcoin-strategic-reserve-is-a-great-idea-99bitcoins-exclusive\/\" target=\"_blank\" rel=\"noopener\">Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        President Donald Trump says he\u2019s found the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">legal leverage<\/a> needed to finally remove Federal Reserve Chair Jerome Powell.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        All eyes are on Powell this month. As inflation lingers and labor metrics soften.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/jerome-powell-resignation-imminent-is-btc-about-to-rocket\/\">Jerome Powell Resignation Imminent: Is BTC About to Rocket?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump says he\u2019s found the legal leverage needed to finally remove Federal Reserve Chair Jerome Powell, pointing to what he calls a \u201cdisgraceful\u201d $2.5 billion renovation of the central bank\u2019s headquarters in D.C. Already momentum is building for Powell\u2019s resignation, with Congresswoman Anna Paulina Luna confirming that Powell\u2019s firing is imminent. Is BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37204","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37204"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37204\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}