MAGA darling claims Fed chair's firing is 'imminent' after Trump reveals Jerome Powell's critical mistake
The Florida rep has chimed into the heated debate surrounding Powell's federal future, as the chairman comes under scrutiny over a staggering $2.5 billion renovation to Federal Reserve headquarters.
As Fed chair, Powell can not be fired unless there is just cause. His term is up in May 2026.
While Powell and Trump have clashed in the past over US interest rates, Luna believes the over-the-top office revamp may provide the final straw.
'I'm 99% sure firing is imminent,' the 36-year-old congresswoman declared on X on Tuesday.
She shared her prediction about three hours after posting that she was 'hearing Jerome Powell is getting fired! From a very serious source.'
Earlier in the day on Tuesday, Trump addressed his grievances with Powell while speaking with reporters while visiting Pittsburg, Pennsylvania.
When someone blatantly asked the commander in chief if he would fire him.
'I think he's terrible. I think he's a total stiff. But the one thing I didn't see him is a guy that needed a palace to live in,' Trump said, as reported by The Hill.
In a follow-up, Trump was asked if dropping $2.5 billion on the renovations is something that could cost Powell his job.
'I think it sort of is,' he responded.
Trump has not shied away from criticizing the chairman, who was first appointed to the Federal Reserve in 2017 and later re-appointed under the Biden administration in 2022.
'I think he's doing a terrible job,' Trump said of Powell, when asked about the performance of the chair, who he routinely calls 'Mr. too late,' last week.
'I think we should be, no, I think we should be three points lower interest rate. He's costing our country a lot of money,' he continued.
'We should be number one, and we're not, and that's because it's Jerome Powell – in terms of interest. We are number one in the world. Look, I'll tell you a little simple a little simple language.
After blaming Powell for the fed not being 'number one' in rates, Trump repeated his refrain that the US was now 'hot.'
'One year ago, our country was a dead country. We were going nowhere except down. We were the laughing stock all over the world, and now we're the hottest country anywhere in the world.'
But before describing America's economic comeback, Trump had issued a somewhat contradictory message to Powell in a persuasive effort to get Powell to lower US interest rates at the end of June.
At the time, Trump had released an angry handwritten note that casted the US central bank as behind the curve.
Trump posted a chart of 'World Central Bank Rates' – showing institutions from countries including Botswana, Bulgaria, Cabo Verde, and Albania which have set their own rates lower than the US.
He wrote the note in all-caps with Sharpie marker, telling Powell that he is 'too late' in bringing down rates.
'You have cost the USA a fortune and continued to do so,' he lectured. 'Hundreds of billions of dollars being lost! No inflation,' the president added.
A week prior penning his passionate note, Trump said he was thinking of replacements for the Princeton-educated Powell, who he has repeatedly called 'stupid.'
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