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Wednesday, January 14, 2026

Coercien on Fed Chair Jerome Powell

Caring Guy, on Twitter, nails it again:
Kevin, Larry, what you are describing is not accountability, it is coercion.

Telling Fed Chair Jerome Powell to resign in order to “dodge an indictment” is a threat wrapped in a suggestion. That is pressure from elected officials designed to influence the outcome of a potential criminal process, and that crosses a bright ethical and legal line. You are effectively saying comply or face prosecution. That is not how the rule of law works in a democracy.

If there is evidence of a crime, prosecutors pursue it regardless of whether someone resigns. If there is not evidence, floating indictment talk to force a resignation is an abuse of power. Either way, resignation has nothing to do with criminal exposure, and pretending otherwise is misleading at best.

It also directly undermines the independence of the Federal Reserve. Using the threat of indictment to force out a Fed Chair is the textbook definition of political interference. Markets understand that immediately, which is why comments like this create instability instead of confidence.

And let’s be clear, members of Congress do not indict people. Prosecutors do. When Kevin Cramer publicly implies that resignation could make criminal exposure disappear, he is signaling political leverage over law enforcement. That is exactly the kind of conduct Republicans claim to oppose.

If you believe Powell committed a crime, say so clearly and present evidence. If you do not, stop hinting at indictments to force a resignation. What you are suggesting is not a win win, it is coercion, plain and simple.

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