Pirro Targets Powell Amid Fed Probe as Bipartisan Backlash Grows

Jerome H. Powell is the Chair of the Board of Governors of the Federal Reserve System, the central bank of the United States, a position he has held since February 2018 following his initial appointment by President Donald Trump and subsequent reappointment by President Joe Biden for a second four-year term in May 2022[2][5]. He also chairs the Federal Open Market Committee, the Fed’s principal monetary policymaking body[2]. Powell’s tenure spans some of the most significant economic challenges in recent U.S. history, including the post-Great Recession recovery and the financial fallout from the COVID-19 pandemic[3][6]. Born on February 4, 1953, in Washington, D.C., Powell holds an AB in politics from Princeton University (1975) and a law degree from Georgetown University (1979), where he was editor-in-chief of the Georgetown Law Journal[2]. His career before the Fed included roles as a lawyer and investment banker in New York City, a partner at The Carlyle Group (1997–2005), and a visiting scholar at the Bipartisan Policy Center focusing on fiscal issues[2][5]. He served as both Assistant Secretary and Under Secretary of the Treasury under President George H.W. Bush, with responsibilities for financial institutions and the Treasury debt market[2][5]. Powell was first nominated to the Federal Reserve Board by President Barack Obama in 2012 and assumed office in May of that year, later being reappointed for a term ending January 31, 2028[2][8]. As Fed Chair, he initially continued the policy of gradually raising interest rates—a process begun under his predecessor, Janet Yellen—to return monetary policy to more normal levels after the 2007–08 financial crisis[3]. This approach drew criticism from President Trump, who publicly opposed further rate hikes, but Powell maintained that such measures were necessary to prevent inflation and ensure long-term stability[3]. Powell’s leadership was again tested during the COVID-19 pandemic, when he led the Fed in slashing interest rates to near zero, launching emergency lending programs, and purchasing corporate debt to stabilize financial markets—actions that significantly expanded the central bank’s role in the economy[3]. Despite political pressures from both Democratic and Republican administrations, Powell has been praised for his steady, data-driven approach to monetary policy[6]. He resides in Chevy Chase, Maryland, with his wife and three children[6]. As of 2025, Powell remains a central figure in U.S. and global economic policy, overseeing the Fed’s efforts to balance inflation control with support for economic growth amid ongoing uncertainties in the financial landscape[2][5].

Donald John Trump, born June 14, 1946, in Queens, New York, is an American businessman, media personality, and politician. He graduated from the University of Pennsylvania’s Wharton School in 1968 with a degree in economics. In 1971, he took over his family’s real estate business, renaming it the Trump Organization, through which he expanded into building and managing skyscrapers, hotels, casinos, and golf courses. Trump gained widespread fame as the host of the reality TV show *The Apprentice* from 2004 to 2015, which helped establish his public persona as a successful entrepreneur. Trump entered politics as a Republican and was elected the 45th president of the United States, serving from 2017 to 2021. His presidency was marked by significant policy actions including tax cuts, deregulation, the appointment of three Supreme Court justices, renegotiation of trade agreements (notably replacing NAFTA with the USMCA), and a focus on immigration control including border wall expansion. He withdrew the U.S. from international agreements such as the Paris Climate Accord and the Iran nuclear deal, and engaged in a trade war with China. His administration’s response to the COVID-19 pandemic was criticized for downplaying the virus’s severity. Trump was impeached twice by the House of Representatives—first in 2019 for abuse of power and obstruction, and again in 2021 for incitement of insurrection—but was acquitted by the Senate both times. After losing the 2020 election to Joe Biden, Trump challenged the results, culminating in the January 6, 2021, Capitol riot. He remains a central figure in American politics, having won the 2024 presidential election and returned as the 47th president in 2025, continuing to promote policies aimed at economic growth, border security, and military strength[1][2][3][4].

Thomas Roland Tillis, known as Thom Tillis, is an American politician serving as the U.S. Senator for North Carolina. Born on August 30, 1960, in Jacksonville, Florida, Tillis grew up in a working-class family and faced financial challenges early in life. After high school, he worked as a warehouse records clerk before pursuing higher education, earning a bachelor's degree from the University of Maryland University College in 1997[1][2]. Tillis built a successful career in the private sector, working as an executive at IBM and a partner at PricewaterhouseCoopers. His 29-year tenure in technology and management consulting provided him with a deep understanding of policy-making and organizational management[2][4]. He transitioned into public service, serving as a member of the Cornelius Board of Commissioners and later as the PTA president at Hopewell High School. In 2006, he was elected to the North Carolina House of Representatives, where he served as Speaker from 2011 to 2014[2][3]. Tillis was first elected to the U.S. Senate in 2014 and re-elected in 2020. He is a member of several key Senate committees, including Finance, Veterans’ Affairs, and Judiciary[3][5]. As Senator, Tillis has focused on pragmatic policy solutions and job creation. Recently, he has been involved in sponsoring legislation such as the National Park System Long-Term Lease Investment Act[5]. Tillis resides in Huntersville, North Carolina, with his wife Susan, and they have two grown children[2][3].

Lisa Murkowski is a Republican U.S. Senator from Alaska who has served since 2002. Born in 1957 in Ketchikan, Alaska, she comes from a politically active family; her father, Frank Murkowski, appointed her to the Senate after leaving his seat to become governor. Before her Senate career, she served three terms in the Alaska House of Representatives and practiced commercial law in Anchorage. In 2010, after losing the Republican primary, Murkowski won reelection in a rare and notable write-in campaign, the first successful Senate write-in since 1954[1][2][6]. Murkowski is known for her focus on economic development, energy policy, and environmental issues relevant to Alaska, such as oil and gas production and responsible resource development. She served as Chair and remains the longest-serving Republican member of the Senate Energy and Natural Resources Committee and is Vice Chair of the Senate Indian Affairs Committee. Her legislative work includes championing the Amber Alert system and supporting Alaska’s fishing industry. She has also taken moderate stances on social issues, voting to repeal "Don't Ask, Don't Tell," supporting same-sex marriage, and backing abortion rights legislation[1][2][4]. Throughout her Senate tenure, Murkowski has cultivated bipartisan relationships and leveraged her seniority to secure significant policy achievements for Alaska, including infrastructure investment, COVID-19 relief for Alaskans, and basing F-35 fighters at Eielson Air Force Base. She continues to advocate for Alaska’s development balancing economic opportunity and environmental stewardship. In 2025, she remains an active legislator involved in veterans’ affairs and health policy legislation[1][3][4].