"Powell is famously mild-mannered. About four times a year, he emerges from meetings with Federal Reserve governors and regional bank presidents to hold press conferences on their analysis of jobs data, inflation reports, and subsequent interest rate projections (the infamous "dot plot"). Not exactly typical fodder for going viral. But on Monday, after Powell released a video saying he'd been subpoenaed by the Justice Department as part of a pressure campaign, he started getting the meme treatment."
""I have deep respect for the rule of law and for accountability in our democracy," Powell said in Sunday's two-minute video. "But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure." Social media thought it was a banger. Here are some of the notable reactions so far: You know things are bad when the most boring person doing the most boring job for decades has to come out and say, "Stop trying to arrest us for doing math" https://t.co/3YCfPBFIae- Mike Drucker (@MikeDrucker) January 12, 2026"
Jerome Powell, Federal Reserve Chair, has been subpoenaed by the Justice Department in an inquiry tied to office renovations. Powell released a two-minute video expressing deep respect for the rule of law and calling the action unprecedented and part of broader administration threats and ongoing pressure. The video triggered widespread meme responses across social media. President Donald Trump has repeatedly pressured Powell to lower interest rates, threatened to fire him, and denied involvement in the DOJ action while publicly criticizing Powell's Fed performance and building projects. Powell's term runs through May 2026 and he has emphasized the Fed's independence.
#jerome-powell #doj-investigation #federal-reserve-independence #political-pressure #social-media-memes
Read at Business Insider
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