Kudlow: Jerome Powell Should Resign From Federal Reserve Board (Connecting the Dots: Larry Kudlow, Jerome Powell, The Carlyle Group & The Carnegie/Soros Network)
Newsmax.com
By
Newsmax Wires | Friday, 02 October 2026 08:44 PM EDT
https://www.newsmax.com/newsfront/larry-kudlow-jerome-powell-federal-reserve/2026/10/02/id/1271551/
Former
Trump economic adviser Larry Kudlow called on former Federal Reserve
Chair Jerome Powell
to leave the central bank.
He said
that a watchdog report detailing management failures and soaring costs in the
Fed's headquarters renovation provides another reason for Powell to step aside.
Kudlow,
an economist, served as President Trump's assistant for economic policy and director of the National Economic
Council. He hosts a show on the Fox Business channel.
In a New York Sun column titled "Now Is
the Time for Powell To Resign," Kudlow highlighted a Wall Street Journal
editorial making a similar case and pointed to President Donald Trump's
longstanding criticism of
Powell.
Kevin
Warsh succeeded Powell earlier this year as Fed chair, but Powell remains a
member of the Federal Reserve Board of Governors and the Federal Open Market
Committee. His separate term as a governor runs through Jan. 31, 2028.
Trump,
who originally nominated Powell to lead the Fed in 2017, became one of his most
persistent critics, repeatedly accusing him of waiting too long to lower
interest rates.
Some
congressional Republicans also criticized Powell over monetary policy and the
renovation project.
Kudlow
quoted Trump calling Powell "a disaster" and again attacking his
record on interest rates.
The
president has also focused increasingly on the Fed's costly renovation of its
historic Washington headquarters.
That
project is at the center of Kudlow's argument.
The
Federal Reserve's inspector general found serious problems with management of
the renovation but said it did not find reasonable grounds to believe federal
criminal law had been violated.
Costs
nevertheless soared. The project's overall budget increased from roughly $1.3
billion in 2020 to $2.4 billion by December 2024, while the construction
portion of that budget more than doubled, from $921 million to just over $2
billion.
The
inspector general cited weaknesses in cost controls, contracting, and project
management.
Kudlow,
citing the Journal, wrote that the renovation is also running years behind
schedule. Construction that was originally expected to be completed in 2024 is
now projected to continue into 2027.
Warsh
has since brought in the General Services Administration to serve as project
executive and help oversee completion of the work.
For
Kudlow, the inspector general's finding of no criminal wrongdoing does not end
the controversy.
Instead,
he said that it removes a potential legal cloud while leaving Powell
accountable for management failures that occurred while he ran the central
bank.
Kudlow
also renewed broader conservative criticism of Powell's tenure, faulting easy
monetary policy during the Biden administration and arguing that the Fed
contributed to the inflation surge of that period.
Kudlow's
conclusion is unequivocal: With Warsh now running the Fed and the renovation
investigation completed, he said Powell should relinquish the remainder of his
board term rather than remain until 2028.
Larry
Kudlow
https://en.wikipedia.org/wiki/Larry_Kudlow
Early
life and education
In
1971, Kudlow enrolled in the master's program at Princeton
University's Woodrow Wilson School of Public and International Affairs, but he left before completing his
degree.
Early
career
Kudlow began his career as a staff economist
at the Federal Reserve Bank of New York.[9] He worked in the division of the Fed that handled open market operations.
In 1970, while he was still a Democrat,
Kudlow joined Americans for Democratic Action
chair Joseph Duffey's "New Politics"
senatorial campaign in Connecticut which also attracted an "A-list crowd
of young Democrats", including Yale University
law student Bill Clinton, John Podesta,
and Michael Medved, another
future conservative. Duffey was a leading anti-war politician during the Vietnam war era. Duffey's
campaign manager called Kudlow a "brilliant organizer".[9] In 1976, he worked on the U.S. Senate campaign of Daniel Patrick Moynihan,
along with Tim Russert, against Conservative Party
incumbent James L. Buckley, brother
of William F. Buckley Jr.
Connecting
the Dots:
Larry Kudlow was a staff economist at the Federal Reserve Bank of New York, he worked on the U.S. Senate campaign of Daniel Patrick Moynihan, along with Tim Russert, against Conservative Party incumbent James L. Buckley, brother of William F. Buckley Jr. and he enrolled in the master's program at Princeton University's Woodrow Wilson School of Public and International Affairs, but he left before completing his degree.
Lee C. Bollinger was the chairman for the Federal Reserve Bank
of New York and is a trustee at the Committee for Economic
Development.
William J.
McDonough was the president & CEO for the Federal Reserve
Bank of New York and a trustee at the Committee for Economic
Development.
Peter G. Peterson was
the chairman for the Federal Reserve Bank of New York and
a
trustee at the Committee for Economic Development.
John E. Sexton was
the chairman for the Federal Reserve Bank of New York, the chair
Council of Chairs for the Federal Reserve System and is a trustee
at the Committee for Economic Development.
Letitia James is the chair for the Committee
on Economic Development and the Attorney General of New York.
Foundation to Promote Open Society was a funder for the Committee
for Economic Development.
George Soros was the chairman for the Foundation to Promote
Open Society.
William H.
Donaldson was a trustee at the Committee for Economic Development, a
member of the Sterling Fellows and a member of the Skull and Bones.
Sterling Fellows
are donors of $1 million or more to Yale University.
William (Bill) Clinton
received his JD from Yale University.
Skull and Bones
is a secret society at Yale University.
John F. Kerry was a
member of the Skull and Bones.
George H.W. Bush was
a member of the Skull and Bones, a member of the Bohemian Club
and an adviser for the Carlyle Group.
Christopher
Buckley was George H.W. Bush’s speechwriter, is a member of the Bohemian
Club and William F. Buckley Jr’s son.
Jerome H. Powell (Jay) was
a partner at the Carlyle Group, the chair of the Federal Reserve
and is a governor of the Federal Reserve.
Edward J. Mathias is
a managing director at the Carlyle Group and a director at
the Economic Club of Washington.
David M. Rubenstein is a co-founder & co-CEO for the Carlyle Group and the president of the Economic Club of Washington.
Carlyle Group
is the parent company
for Booz Allen Hamilton.
Booz Allen
Hamilton is a contractor for the National Security Agency
(NSA).
Obamacare is Barack Obama’s signature policy initiative.
Booz Allen
Hamilton is a contractor for Obamacare.
Barack Obama’s
signature policy initiative is Obamacare and was an intern at Sidley
Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
Robert S. Osborne is
a member of the Commercial Club of Chicago and was the EVP &
general counsel for Booz Allen Hamilton.
Carlyle Group
is the parent company
for Booz Allen Hamilton.
Newton N. Minow was
a member of the Commercial Club of Chicago and a senior
counsel at Sidley Austin LLP and an honorary trustee at the Carnegie
Corporation of New York.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.
Vernon E. Jordan Jr. is an honorary trustee at the Brookings
Institution (think tank) a senior director at the NAACP Legal
Defense & Educational Fund and was the president of the Economic
Club of Washington.
Adebayo O.
Ogunlesi is a director at the NAACP Legal Defense &
Educational Fund and was an attorney at Cravath, Swaine &
Moore.
Kevin Warsh
was a summer associate at Cravath, Swaine & Moore
and sworn in as the chairman of the Federal Reserve.
Frederick
A.O. Schwarz Jr. is a senior counsel at Cravath, Swaine &
Moore, a senior director at the NAACP Legal Defense &
Educational Fund and the chairman emeritus for the Natural
Resources Defense Council.
Foundation to Promote Open Society was a funder for the NAACP
Legal Defense & Educational Fund, the Natural Resources Defense
Council and the Sundance Institute.
George Soros was the chairman for the Foundation to Promote Open Society.
Robert Redford was a trustee at the Natural Resources Defense
Council, the founder & president of the Sundance Institute and
a director at the Apollo Alliance.
John E. Warnock is
a trustee at the Sundance Institute and the chairman & investor
for the Salon Media Group Inc.
Salon is a
publication for the Salon Media Group Inc.
Ellen Pao was a
director at the Apollo Alliance and a corporate attorney for Cravath,
Swaine & Moore.
Kevin Warsh was a summer associate at Cravath, Swaine & Moore and sworn in Friday as chairman of the Federal Reserve.
Salon is a publication for the Salon Media Group Inc.
Robert McKay was
a director at the Salon Media Group Inc. and a contributor for
the American Bridge 21st Century.
Sidney
Blumenthal is a consultant for American Bridge 21st Century,
a consultant for Media Matters and was the Washington bureau chief
for Salon.
George Soros was a contributor for the American Bridge 21st
Century, the chairman for the Foundation to Promote Open Society
and is Jonathan Soros’s father.
Foundation to Promote Open Society was a funder for Media
Matters and the Roosevelt Institute.
Jonathan Soros is George Soros’s son
and a senior fellow at the Roosevelt Institute.
Cantwell
F. Muckenfuss III is a director at the Roosevelt Institute,
was a comptroller for the Comptroller of the Currency and a
counsel to the chairman for the Federal Deposit Insurance Corporation
(FDIC).
Paul S. Sarbanes
is a governor at the Roosevelt Institute and was Martin J.
Gruenberg’s senior counsel.
Martin J. Gruenberg’s senior counsel was Paul S. Sarbanes, served as
chairman of the Federal Deposit Insurance Corporation (FDIC) and
received an A.B. from Princeton University's Woodrow Wilson School of
Public and International Affairs.
Woodrow
Wilson School of Public and International Affairs is a school at Princeton
University.
Anne-Marie
Slaughter was the dean at the Princeton University's Woodrow
Wilson School of Public and International Affairs and the president and CEO
of New America Foundation.
Foundation to Promote Open Society was a funder for Media
Matters and the New America Foundation.
George Soros was the chairman for the Foundation to
Promote Open Society and is Jonathan Soros’s father.
Jonathan Soros is George Soros’s son
and a director at the New America Foundation.
Carnegie
Corporation of New York was a funder for the New America
Foundation and a supporter for the American Society for Muslim
Advancement.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Eric
E. Schmidt was a funder for the New America Foundation,
the CEO for Google Inc. a trustee at Princeton University
and is the chairman for the New America Foundation.
Google Inc. was
a funder for the New America Foundation.
Alan B. Davidson was
a senior policy counsel for Google Inc. and is a fellow at
the New America Foundation.
Google Inc. was
a funder for the Aspen Institute (think tank).
Elaine Pagels is
a trustee at the Aspen Institute (think tank) and a professor
at Princeton University.
Jane Lakes Harman is
a trustee at the Aspen Institute (think tank) and the
president & CEO for the Princeton University's Woodrow
Wilson International Center for Scholars.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
George Soros was
the chairman for the Foundation to Promote Open Society.
Carnegie
Corporation of New York was a funder for the Aspen Institute
(think tank) and a supporter for the American Society for Muslim
Advancement.
Andrew Carnegie was the founder of the Carnegie Corporation of New York.
James S. Crown is a trustee at the Aspen Institute (think
tank), a member of the Commercial Club of Chicago and married
to Paula Hannaway Crown.
Betsy D. Holden is
a member of the Commercial Club of Chicago and a trustee at Duke
University.
Paula Hannaway
Crown is married to James S. Crown and a trustee at Duke
University.
Robert K. Steel was
the chairman for the Aspen Institute (think tank) and the chairman
for Duke University.
David Gergen is
a trustee at the Aspen Institute (think tank) and a trustee
at Duke University.
Travis Hill
received a Bachelor of
Science from Duke University, where he studied economics and political
science, a Juris Doctor from Georgetown University Law Center and is the
Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Board
of Directors.
Madeleine K.
Albright was a professor at Georgetown University, a
trustee at the Aspen Institute (think tank), an advisory board
member of the Truman National Security Project and the
president of the Truman Center for National Policy.
R. Hunter Biden is
a director at the Truman National Security Project, a director at
the Truman Center for National Policy and Joseph R.
Biden Jr’s son.
Kamala D. Harris is
an advisory board member for the Truman National Security Project an
advisory board member for the Truman Center for National Policy and
was vice president of the Joseph R. Biden Jr administration.
Michael D. McCurry is
an advisory board member for the Truman National Security Project,
an advisory board member for the Truman Center for National Policy and
an advisory council member for the Princeton University's Woodrow
Wilson International Center for Scholars.
Martin J. Gruenberg
received an A.B. from Princeton
University's Woodrow Wilson School of Public and International Affairs
and served as chairman of the Federal Deposit Insurance Corporation (FDIC)
and Paul S. Sarbanes was his senior counsel.
Paul S. Sarbanes was Martin
J. Gruenberg’s senior counsel and is a governor at the Roosevelt
Institute.
Jonathan Soros is a senior fellow at
the Roosevelt Institute and George Soros’s son.
George Soros is Jonathan Soros’s father and
was the chairman for the Foundation to Promote Open Society.
Foundation to Promote Open Society was a funder for the Roosevelt
Institute.
Cantwell
F. Muckenfuss III is a director at the Roosevelt Institute,
was a comptroller for the Comptroller of the Currency and a
counsel to the chairman for the Federal Deposit Insurance Corporation
(FDIC).
John C. Dugan was
a comptroller for the Comptroller of the Currency, director at
the Federal Deposit Insurance Corporation (FDIC) and is a
partner at Covington & Burling LLP.
John R. Bolton was
an associate at the Washington, D.C. office of Covington & Burling LLP
and the national security adviser for the Donald Trump's first
Administration.
Eric H. Holder Jr. is
a partner at Covington & Burling LLP, was the attorney general
at the U.S. Department of Justice for the Barack Obama
administration, a board member for the American Constitution
Society and an intern at the NAACP Legal Defense &
Educational Fund.
Open Society Foundations was a funder for the American
Constitution Society.
George Soros is the founder & chairman for the Open
Society Foundations and was the chairman for the Foundation to
Promote Open Society.
Foundation to Promote Open Society was a funder for the NAACP
Legal Defense & Educational Fund and the Brookings
Institution (think tank).
Harold H. Koh was
a director at the Brookings Institution (think tank), the State
Department legal adviser for the Barack Obama administration and
a lawyer at Covington & Burling LLP.
A.W. Clausen was
an honorary trustee at the Brookings Institution (think tank) and
the chairman & CEO for the Bank of America Corp. (Bailout Company).
Donald E. Powell was
a director at the Bank of America Corp. (Bailout Company) and
the chairman for the Federal Deposit Insurance Corporation (FDIC).
John L. Douglas was
an attorney for the Bank of America Corp. (Bailout Company) and
the general counsel for the Federal Deposit Insurance Corporation
(FDIC).
Linda P. Hudson is
a director at the Bank of America Corp. (Bailout Company) and
was a director at the Atlantic Council of the United States (think
tank).
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Open Society Foundations was a funder for the Atlantic
Council of the United States (think tank) and the Bill, Hillary &
Chelsea Clinton Foundation.
George Soros is the founder & chairman for the Open
Society Foundations.
William J. Clinton
is the founder of the Bill, Hillary & Chelsea Clinton Foundation, received
his JD from Yale University and John D. Podesta was his chief of
staff.
John D. Podesta was William
J. Clinton’s chief of staff, a temporary CEO for the Bill,
Hillary & Chelsea Clinton Foundation, a counselor for the Barack
Obama administration and is the founder for the Center for American Progress.
Carnegie
Corporation of New York was a funder for the Center for American Progress and a supporter for the American
Society for Muslim Advancement.
Andrew Carnegie was the founder of the Carnegie Corporation of New York.
Open Society Foundations was
a funder for the Center for American
Progress.
George Soros is the founder & chairman for the Open
Society Foundations, was the Chairman for the Foundation to Promote
Open Society and a supporter for the Center
for American Progress.
Foundation to Promote Open Society was a funder for the Center for American Progress.
Carol M. Browner is a director, senior fellow at the Center for American Progress and was the energy czar for the Barack
Obama administration.
Tom Daschle is
a director at the Center for American
Progress and was the nominee
for health and human services secretary for the Barack Obama
administration.
Ezekiel Emanuel is
a senior fellow at the Center for American
Progress and was the health
care policy adviser for the Barack Obama administration.
Lawrence H.
Summers is a distinguished fellow at the Center for American Progress and was the National Economic Council
chairman for the Barack Obama administration.
Cassandra Q. Butts was
the SVP for the Center for American
Progress and the deputy
White House counsel for the Barack Obama administration.
Philip J. Crowley was
the director of homeland security at the Center
for American Progress and the assistant secretary of state for
the Barack Obama administration.
Derek Douglas was
an associate director of economic policy at the Center for American Progress and
a special assistant for urban affairs for the Barack Obama
administration.
Bradley J. Kiley was
a VP for the Center for American Progress and the director of management and
administration for the Barack Obama administration.
Karen Kornbluh was
a visiting scholar at the Center for
American Progress and a
policy director for Barack Obama.
Jeanne Lambrew was
a senior fellow at the Center for American
Progress and the deputy
assistant to the president for health policy for the Barack Obama
administration.
Denis McDonough was
a senior fellow at the Center for American
Progress and the chief of staff; former deputy national security
adviser for the Barack Obama administration.
Esther M.
Olavarria was the director of immigration policy at the Center for American Progress and the deputy assistant secretary at
the U.S. Department of Homeland Security for the Barack
Obama administration.
Dan Restrepo was
the Americas Project director at the Center
for American Progress and a special assistant to the president
for the Barack Obama administration.
Gene B. Sperling was
a senior fellow at the Center for American
Progress and the assistant
to the president for economic policy for the Barack Obama
administration.
Todd Stern was
a senior fellow at the Center for American
Progress and the special
envoy for climate change at the U.S. Department of State for
the Barack Obama administration.
Melody C. Barnes was
the EVP for the Center for American
Progress, the domestic policy council, director for the Barack
Obama administration and Barack Obama’s golf partner.
Carnegie
Corporation of New York was a funder for the Center for American Progress and a
supporter for the American Society for Muslim Advancement.
Ted Lieu was honored with the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district
in the United States House of Representatives since 2023 and is a
member of the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Location of the Charlie Kirk
Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Center for American Progress, the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Open Society Foundations was a funder for the Center for American Progress.
George Soros is the founder & chairman for the Open
Society Foundations, was the Chairman for the Foundation to Promote
Open Society and a supporter for the Center
for American Progress.
Foundation to Promote Open Society was a funder for the Center for American Progress and the Brookings Institution (think tank).
Vernon E. Jordan Jr. is an honorary trustee at the Brookings
Institution (think tank) and was the president of the Economic Club of
Washington.
David M.
Rubenstein is a co-chairman for the Brookings Institution
(think tank), the president of the Economic Club of Washington and a
co-founder & co-CEO for the Carlyle Group.
Edward J. Mathias is
a director at the Economic Club of Washington and a managing
director at the Carlyle Group.
Jerome H. Powell (Jay) was
a partner at the Carlyle Group, the chair of the Federal Reserve
and is a governor of the Federal Reserve.
George H.W. Bush was
an adviser for the Carlyle Group, a member of the Bohemian Club
and a member of the Skull and Bones.
Christopher
Buckley was George H.W. Bush’s speechwriter, is a member of the Bohemian
Club and William F. Buckley Jr’s son.
Skull and Bones
is a secret society at Yale University.
William (Bill) Clinton
received his JD from Yale
University.
John F. Kerry was a
member of the Skull and Bones.
Sterling Fellows
are donors of $1 million or more to Yale University.
William H.
Donaldson was a member of the Skull and Bones, a member of the Sterling
Fellows and a trustee at the Committee for Economic Development.
Letitia James is the chair for the Committee
on Economic Development and the Attorney General of New York.
Foundation to Promote Open Society was a funder for the Committee
for Economic Development.
George Soros was the chairman for the Foundation to Promote
Open Society.
Lee C. Bollinger is
a trustee at the Committee for Economic Development and was the
chairman for the Federal Reserve Bank of New York.
William J.
McDonough was a trustee at the Committee for Economic
Development and the president & CEO for the Federal Reserve
Bank of New York.
Peter G. Peterson was
a trustee at the Committee for Economic Development and the
chairman for the Federal Reserve Bank of New York.
John E. Sexton is
a trustee at the Committee for Economic Development, was the chair
Council of Chairs for the Federal Reserve System and the chairman
for the Federal Reserve Bank of New York.
Larry Kudlow
was a staff economist
at the Federal Reserve Bank of New York, he worked on the U.S. Senate
campaign of Daniel Patrick Moynihan, along with Tim Russert, against
Conservative Party incumbent James L. Buckley, brother of William F. Buckley
Jr. and he enrolled in the master's program at Princeton University's
Woodrow Wilson School of Public and International Affairs, but he left
before completing his degree.
Resources:
Past Research
Harvard
hosting Satanic 'Black Mass' (Past Research on William
F. Buckley Jr.)
Saturday,
May 10, 2014
https://thesteadydrip.blogspot.com/2014/05/harvard-hosting-satanic-black-mass.html
Biden
Picks John Podesta to Guide Climate Spending (Connecting the Dots: John
Podesta, the New York Times, Al Gore and the Soros Funded Think Tanks All
Networking) (Past Research on John Podesta)
Friday,
September 2, 2022
https://thesteadydrip.blogspot.com/2022/09/biden-picks-john-podesta-to-guide.html
***LIVE
UPDATES*** Campus Crazies on ‘Million Student March’ (Past
Research on Yale University)
Thursday,
November 12, 2015
https://thesteadydrip.blogspot.com/2015/11/live-updates-campus-crazies-on-million.html
AG
James Plans Appeal of Trump's Tossed $527M Penalty (Connecting the Dots: New
York Attorney General Letitia James, The Committee for Economic, Development
Judge Arthur Engoron, Lisa Cook, The Federal Reserve & Soros Funding, All
Networking) (Past Research on the Federal Reserve
Bank of New York & The
Committee for Economic Development)
Thursday,
August 21, 2025
https://thesteadydrip.blogspot.com/2025/08/ag-james-plans-appeal-of-trumps-tossed.html
American
Heart Association (Past Research on the Bill,
Hillary & Chelsea Clinton Foundation)
Monday,
August 10, 2015
https://thesteadydrip.blogspot.com/2015/08/american-heart-association.html
Sen.
Kennedy Now Backs FDIC Nominee (Connecting the Dots: The Federal Deposit
Insurance Corporation (FDIC), Martin Gruenberg, Travis Hill & Soros
Funding, All Networking) (Past Research on the Princeton
University's Woodrow Wilson School of Public and International Affairs)
Wednesday,
November 12, 2025