The Dictatorship
Trump’s war against Powell: Republicans aren’t just ‘concerned’ — some may actually take a stand
For Republican lawmakers who usually move in lockstep with President Donald Trump, the Justice Department’s investigation into Federal Reserve Chairman Jerome Powell is quickly becoming an unexpected loyalty test, with many GOP lawmakers expressing some discomfort and some going so far as to vow to make efforts to replace Powell difficult.
Republican Sen. Thom Tillis of North Carolina — a member of the Senate Committee on Banking, Housing, and Urban Affairs — wasn’t concerned with any potential impropriety Powell may have committed by not accurately predicting the costs of Federal Reserve building renovations, as the DOJ is investigating. Tillis said it was “the independence and credibility of the Department of Justice that are in question.”
“If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none,” Tillis said.
While the unease that many Republicans are expressing is notable on its own, Tillis and some other GOP lawmakers are taking their discomfort a step further.
Tillis, who’s retiring at the end of 2026, said he would vote against any Federal Reserve nominee “until this legal matter is fully resolved” — including the looming vacancy to fill the chairman seat, which will be up for grabs when Powell’s term atop the Central Bank expires in May.
The Senate Banking Committee is composed of 13 Republicans and 11 Democrats, meaning if Tillis follows through with his ultimatum and joins all Democrats to oppose the next nominee, the panel would be deadlocked — holding up any Trump pick for the influential governing body.
And Tillis isn’t alone.
Republican Sen. Lisa Murkowski of Alaska called the Justice Department’s probe “nothing more than an attempt at coercion,” adding that Tillis was “right in blocking any Federal Reserve nominees until this is resolved.”
“The stakes are too high to look the other way: if the Federal Reserve loses its independence, the stability of our markets and the broader economy will suffer,” Murkowski said in a statement.
Other Republicans expressed similar displeasure with the DOJ’s subpoenas and the potential impact on the independence of the Federal Reserve, but no one was quite willing to take the same hardline stance as Tillis.
For instance, Republican Sen. Kevin Cramer of North Dakota said he does “not believe” Powell “is a criminal,” but he added that he is a “bad Fed Chair.”
“I hope this criminal investigation can be put to rest quickly along with the remainder of Jerome Powell’s term,” Cramer said.
But when pressed on what action he would take to push back on the investigation, which he said he’s “not crazy for,” Cramer said he didn’t plan “to get super involved.”
“There are three branches of government and that’s not mine,” he said.
It was a similar story with many other Republicans. Sen. Mike Crapo, R-Idaho, said he’d “like to see this resolved as quickly as possible,” adding that it’s important the Fed remain “free of political influence.” But he didn’t say what he might do to maintain a Federal Reserve that’s free of that political influence.
Sen. Dave McCormick of Pennsylvania, who sits on the Senate Banking Committee, said he didn’t think Powell was “guilty of criminal activity.” But again, he didn’t call out Trump, and he didn’t say he’d do anything to address this criminal probe.
Sen. John Kennedy, R-La., another member of the Senate Banking Committee, seemed to take issue with the investigation, but he suggested his concern was that, contrary to the president’s wishes, the grand jury subpoenas might increase interest rates.
“If you wanted to design a system to cause interest rates to go up and not down, you would have the Federal Reserve of the United States and the Executive Branch of the United States get into a pissing contest. We don’t need it,” Kennedy said. “We need it like we need a hole in our head.”
“Everybody needs to take their meds and step back a little bit,” he added.
Still, other Republicans tried to avoid weighing in at all — or simply deferred to the Department of Justice.
Sen. Josh Hawley, R-Mo., said he didn’t know enough to comment. Sen. Rick Scott, R-Fla., said he didn’t know “enough about the facts.” And Sen. Markwayne Mullin, R-Okla., concluded that if the DOJ was taking this step, “there’s got to be a legal reason for it, and so I think we just let it play out.”
The GOP pushback broke out shortly after The New York Times reported Sunday that the Justice Department had opened a criminal investigation into Powell, a frequent target of Trump’s ire over stubborn interest rates. For months, the president has publicly pressured the Central Bank chairman to bring down borrowing rates, flirting with outright firing him — an unprecedented move in and of itself.
The Fed has lowered interest rates three times during Trump’s second term, the most recently in December. But Trump is concerned that Powell isn’t bringing rates down faster and by more.
Ostensibly, the purpose of the investigation is to probe whether Powell lied to Congress when he testified about the renovation of the Federal Reserve’s headquarters in Washington, D.C. The project, which first received approval in 2017, seeks to revamp two Fed buildings that, according to the Central Bank, have not been renovated since the 1930s.
Trump has railed against the project, blasting it as too expensive. But Trump appointees on the project review board have been a key reason there have been cost overruns, with those appointees pushing for more marble in the buildings than glass.
In the eyes of many lawmakers, however, the investigation is a political effort by the administration to pressure Powell into bringing down interest rates. And they say it runs the risk of blowing up the independence that has been a cornerstone for the Fed.
Rep. French Hill, R-Ark., the chairman of the House Financial Services Committee, which has jurisdiction over the Fed, called the pursuit of charges against Powell — whom he labeled “a man of integrity” — to be “an unnecessary distraction.”
“The Federal Reserve is led by strong, capable individuals appointed by President Trump, and this action could undermine this and future Administrations’ ability to make sound monetary policy decisions,” Hill said.
Powell, for his part, has said as much. In a video statement published Sunday, the chairman confirmed the investigation and rejected that it was based on the renovation.
“Those are pretexts,” Powell said. “The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.”
Democrats naturally agree.
In remarks on the Senate floor, Minority Leader Chuck Schumer, D-N.Y., called the accusations against Powell “clearly bogus.”
“Anyone with two eyes and half a brain knows exactly what this criminal probe represents: a brazen attempt by Donald Trump to cannibalize the Fed’s independence,” Schumer said.
“This has nothing to do with building renovations of all things,” he continued. “It has everything to do with Donald Trump weaponizing the DOJ into his attack dog and bullying America’s central bank into submission, on something unrelated to what they do.”
Meanwhile, as some Republicans express some rare disagreement with Trump, GOP leaders are trying to stay on the sidelines.
Speaker Mike Johnson, R-La., said he wanted to “let the investigation play out,” urging individuals to “reserve judgment.” But when asked if he believed the probe compromised the credibility and independence of the Justice Department, he had an unreserved response: “Of course not.”
“They’re doing their job,” Johnson. “I mean if the investigation is warranted, then they have to play that out. We’ll see. We’ll see what happens. The allegation is serious, so we’ll see.”
Senate Majority Leader John Thune, R-S.D., said he hadn’t reviewed the charges, but added that the allegations “better be real and they’d better be serious.”
“Independence and shaping monetary policy in the country is something that we need to ensure proceeds without political interference,” Thune said, adding that “hopefully” the DOJ would deal with its investigation and resolve it “quickly.”
Syedah Asghar and Jack Fitzpatrick contributed to this report.
Mychael Schnell is a reporter for MS NOW.
Kevin Frey is a congressional reporter for MS NOW.
The Senate Judiciary Committee postponed a vote on acting Attorney General Todd Blanche’s nomination, a spokesperson said late Wednesday, as two retiring Republicans on the panel dug in over President Donald Trump’s personal “anti-weaponization” deal with the government he runs.
Sen. Chuck Grassley’s decision to delay the committee vote that had been set for Thursday marks a setback for one of Trump’s highest-profile Cabinet nominees, at the hands of Texas Sen. John Cornyn and Sen. Thom Tillis of North Carolina, a pair of Republicans set to leave the chamber next year.
“Chairman Grassley works to set President Trump’s nominees up for success in committee, not failure. Senators Cornyn and Tillis want written assurances from the Department of Justice regarding the Trump-IRS settlement,” the committee spokesperson said.
Blanche’s nomination to permanently head the Department of Justice needs the support of either Cornyn or Tillis to make it out of the committee to a vote by the full Senate, assuming all Democrats remain opposed.
“Why don’t you call over the Department of Justice and tell them they have one hour and 50 minutes to get me what I asked for,” Cornyn told reporters Wednesday afternoon amid the hardening standoff over his demand that Blanche and the DOJ put in writing a commitment never to pursue the president’s prized “anti-weaponization” fund, and to clarify the terms of Trump’s personal deal with the Internal Revenue Service.
Tillis told MS NOW that the conversations were complicated by the need for the Justice Department to get “several parties” to agree on the language of the statement Cornyn and Tillis are seeking.
“What I’ve advised the chair, and I would assume Senator Cornyn said something similar, is that we’re not prepared to vote yes yet,” he added.
“The Department has been in regular communication with Committee members for weeks, and we look forward to continuing to work productively with Senators to address any concerns,” a Justice Department spokesperson said in response to the decision to postpone the committee vote.
Cornyn was set to meet with Blanche on Wednesday morning, but the meeting was called off after Blanche failed to meet the senator’s demand for written proposals to modify the controversial settlement agreement he brokered between Trump and the IRS. The Republican senator is set to leave Congress when his term ends in January after a bruising May primary loss to Texas Attorney General Ken Paxton, Trump’s chosen candidate.
“Maybe John Cornyn’s upset with me because I didn’t endorse him,” Trump told reporters Wednesday afternoon in the Oval Office. “I don’t know what it is, but I haven’t heard that there’s a problem. I heard (Blanche) is going through quite nicely.”
Cornyn made clear to Blanche during his confirmation hearing that he will not get his support until he agrees to reopen and modify the settlement. Due to the committee’s narrow Republican majority, one GOP “no” vote is enough to sink Blanche’s nomination.
The senator has asked Blanche to provide proof that the proposed nearly $1.8 billion “anti-weaponization” fund established as part of the deal between Trump and the IRS is formally dead, and he has also demanded Blanche narrow the tax audit immunity provisions the settlement afforded to Trump and his family.
Blanche has publicly stated that his department has dropped the fund, but he and the DOJ have dodged requests from Cornyn and a federal judge to put that in writing.
After announcing his meeting with Blanche would not take place Wednesday morning, Cornyn told reporters that changes from Blanche “in a modified release form” would be acceptable, but that “for some reason … they simply refuse to do it,” referring to the DOJ.
Shortly after the meeting was called off, a Justice Department official told MS NOW that the department “provided a written proposal to Senator Cornyn’s staff yesterday following ongoing discussion with both the Committee and the Senator’s office.”
Cornyn said that proposal was “not responsive” to his demands because it did not address the tax audit immunity provisions in the settlement, one of his key demands.
In May, Blanche signed an addendum as part of the deal that granted Trump, his family and his businesses immunity from pending IRS tax audits. That agreement, which has been decried by former IRS officials and legal experts as unlawful self-dealing, is being contested in federal court.
Cornyn noted that Blanche testified under oath that he could meet the request during his confirmation hearing.
“Maybe they think I’m just going to give up or you know, go along, but they’re mistaken,” Cornyn said when asked why he thinks the DOJ could be slow-walking his request.
Kevin Frey contributed to this report.
Sydney Carruth is a breaking news reporter covering national politics and policy for MS NOW. You can send her tips from a non-work device on Signal at SydneyCarruth.46 or follow her work on X and Bluesky.
Mychael Schnell is a reporter for MS NOW.
Ebony Davis is a breaking news reporter for MS NOW based in Washington, D.C. She previously worked at BLN as a campaign reporter covering elections and politics.
When Israeli Prime Minister Benjamin Netanyahu arrived this week for his tour of Washington, he may have had a mission in mind.
Netanyahu needed to overcome his newly diminished stature and waning influence over his once close friend President Donald Trump as both leaders grapple with the unpopularity of a war they started together and is escaping their control.
His meeting at the White House with Trump on Tuesday, which was closed to the press, was the first face-to-face encounter between the two allies since the U.S. and Israel launched a joint attack against Iran on Feb. 28.
Trump gave him a muted welcome and afterwards simply described the meeting as “very good.” “Obviously, many important subjects were discussed,” the president wrote on Truth Social.
Rather than an intimate one-on-one setting, the Oval Office was full of top U.S. officials — Vice President JD Vance, Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Secretary of Defense Pete Hegseth, Chairman of the Joint Chiefs of Staff Gen. Dan Caine, and special envoy Steve Witkoff.
But Netanyahu continued the full court press on the Trump administration.
Over the course of two days, in addition to seeing Trump and attending Sen. Lindsey Graham’s funeral at the Capitol, Netanyahu also met separately with Vance, Hegseth, and Rubio, White House and Israeli officials confirmed to MS NOW.
The Israeli prime minister’s slate of meetings with key U.S. national security officials comes at a pivotal moment in the Iran conflict as tensions escalate in the region and Americans increasingly sour on the war. A recent Quinnipiac poll shows 60% of American voters opposing U.S. military action against Iran and 74% against sending U.S. ground troops into Iran.
Not only does Trump face pressure as Republicans face an uphill battle to retain congressional control in this fall’s midterms, Netanyahu’s fate as prime minister is at stake in Israel’s upcoming September elections – and he can’t afford to lose Trump’s favor.
The talks largely focused on what to do next as Iran continues to menace shipping in the Strait of Hormuz and retaliate against American bases in the region and launch attacks on Gulf allies.
According to a senior Israeli official who was granted anonymity to describe the closed-door meeting, President Trump and Israeli Prime Minister Netanyahu did not come to a final decision after discussing three paths forward: get a “good deal” focused on Iran’s nuclear program and enriched material, have no deal and instead continue the blockade and economic pressure, or take escalated military action.
But Netanyahu did not tell Trump what he should do – nor did he express a preference.
The senior Israeli official noted Netanyahu has not ruled out diplomacy – as long as it is coupled with “very strong pressures,” calling the push to dismantle Iran’s nuclear program “a contest of will and a contest of force.”
“There are ways of squeezing them and squeezing them and squeezing them and negotiating at the same time,” the official said.
Netanyahu did not present President Trump with new intelligence regarding the underground Iranian nuclear facility Pickaxe Mountain, per the senior Israeli official, noting the U.S. and Israel already are constantly sharing intelligence – and know where Iran’s highly enriched material is. “We don’t think it’s moved, and I think we have a pretty good grasp on that,” the official said.
During their meeting on Tuesday, Trump and Netanyahu discussed ways Israel and the U.S. can work together to stop Iran’s nuclear program and get the Strait of Hormuz open to maritime trade, the senior Israeli official said.
The two leaders also discussed a third goal: to continue to undermine the Iranian regime and “possibly create future conditions for a change in that area.” U.S. officials have backed away from pursuing paths that would overthrow the current leadership, but Netanyahu still believes that could happen.
“The chasm that has been created between the people and the regime is not about to be closed,” the senior Israeli official said of Netanyahu’s thinking.
Netanyahu advised Trump in February that Israeli intelligence indicated launching strikes against Iran would lead to the toppling of the Islamic Republic’s regime – and five months later, the slain ayatollah’s son retains power with a close circle of hardliners, calling into question the accuracy of Israel’s intelligence apparatus.
But the senior Israeli official said at the time, Netanyahu did not promise the Iranian people would take fate into their own hands following a coordinated attack. Rather, he chose his words carefully and said that an attack could create conditions to “advance the probability or the possibility that that would happen.”
The conditions needed for the Iranian regime to fall, “did not materialize,” the official told MS NOW, adding, “not for lack of insight, but for either operational failure or decisions that were made.”
Despite Netanyahu insisting Israel and the U.S. are on the same page, differences still remain: the sale of F-35 fighter jets to Turkey and the Saudi nuclear arrangement did not come up during Wednesday’s White House meeting, according to a second Israeli official granted anonymity to describe sensitive discussions.
Meanwhile, the conflict continues to spread, with an Iranian drone attacking a U.S. gas storage tanker off the coast of Egypt on Wednesday.
Trump indicated he would not let Iran’s latest action slide, telling reporters on Wednesday that the U.S. would retaliate against Iran even as he leaves room for diplomatic talks to resume.
“It’s our turn, and we’ll see if we get there with an agreement at some point,” Trump said. “But we’re going to hit them very hard.”
As for what it would take for Israel to join the U.S. strikes, the senior Israeli official said that if Israel is attacked by Iran, “We will respond very, very forcefully and very quickly. And I think Iran would make a great mistake.”
Julia Jester covers politics for MS NOW and is based in Washington, D.C.
International rage over FIFA’s close ties to President Donald Trump has reached a fever pitch after soccer’s governing body announced a plan to sell a significant stake to an investor group led by Joshua Kushner, the brother of Trump’s son-in-law.
The president and his family have all but turned the White House into their personal piggy bank. And FIFA — which has its own sordid history of corruption — seems to have made itself a party to Trump’s self-enrichment under Gianni Infantino’s leadership, such as by paying for space inside Trump Tower in New York. (The organization has defended the office rental as a World Cup outpost.)
Soccer is seen by many as a unifying game. But Trump’s incorporation of FIFA into his political dynasty is threatening that idea.
FIFA has announced plans to sell a large minority stake in a new company that will run its main events, including the World Cup and Club World Cup, as part of a plan to triple the amount of development money it dishes out to its 211 member associations.
Under the proposals — which are subject to approval by a majority of those national associations and FIFA’s 37-member council — a new entity called FIFA Forward Enterprises (FFE) will take over all commercial operations, while FIFA remains the game’s global governing body and retains a majority stake in FFE.
A press release from FIFA confirmed the plans and said Thrive Eternal, which was launched by Joshua Kushner, is expected to lead the investment group that would control FIFA Forward Enterprise. FIFA did not clarify why Thrive Eternal was selected, and Kushner was already dabbling in sports.
But Trump basically has already given son-in-law Jared Kushner carte blanche to dictate U.S. foreign policy in the Middle East while simultaneously hatching business plans in the region. (Jared Kushner has denied any conflicts of interest.)
Joshua Kushner reportedly has been a major donor to Democrats. But, predictably, the idea of another Kushner becoming financially entwined with the World Cup — the world’s most popular sporting event — and basically being dropped into a position of global significance isn’t going over well. Several other soccer governing bodies have expressed concerns, including Europe’s UEFA.
“This crosses a line that football’s governing institutions should never cross,” UEFA said in a statement about The Athletic’s report, adding: “The soul and governance of football are not assets to trade — especially with zero transparency as to who gains financially. None of us are the owners of football. It is not FIFA’s to sell.”
Democrats on the House Judiciary Committee also rebuked the plan, writing on X: “Apparently the fake Peace Prize and giant lease with Trump Tower weren’t enough — now Infantino performs a kickback hat trick by pursuing a multibillion-dollar deal with Jared Kushner’s brother to sell ownership stakes in the World Cup to private investors.”
FIFA, Donald Trump’s favorite corrupt racketeering enterprise in world sports, is now going directly into business with the Trump family!
Apparently the fake Peace Prize and giant lease with Trump Tower weren’t enough—now Infantino performs a kickback hat trick by pursuing a… https://t.co/knSZibuMea
— House Judiciary Dems (@HouseJudiciary) July 28, 2026
Rep. Jamie Raskin, D-Md., has already launched an investigation into the FIFA leader’s relationship with the Trump administration, while dozens of European lawmakers — citing concerns about “potential breaches of political neutrality” — have called for the FIFA Ethics Committee to investigate Infantino. This new proposal seems unlikely to assuage those concerns.
But what it does seem likely to do is fuel global anger toward the U.S. — the kind that has been growing since Trump retook office.
And when you consider that, it’s truly remarkable how the same MAGA movement whose members whined for years about politics mixing with sports is now in lockstep with a president who seems dead-set on casting his shadow over every sports event he can.
This post on X basically sums up the foul stench around FIFA’s latest proposal.
Sepp Blatter was Infantino’s predecessor as FIFA president and oversaw the organization amid some of its many scandals. When heof all people, is warning about how Trump and Infantino’s relationship is “deeply damaging” soccer, it’s a sign of how far FIFA has descended into the gutter.
Ja’han Jones is an MS NOW opinion blogger. He previously wrote The ReidOut Blog.
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