Internationalism No. 85, March 2026 Page 11 The White House’s siege on the Federal Reserve reached a moment of clarity with the appointment of Fed Chair Jerome Powell’s successor, but Donald Trump’s machine has not stopped. The Justice Department’s criminal investigation into alleged wrongdoing in the renovation of the Fed’s buildings continues. The aim is to oust Powell not only from the presidency, but also from the board of the central bank in order to break his resistance to Trump’s line, which demands drastic cuts in interest rates. Trump wants a hot, hot, hot economy, according to The Wall Street Journal . The judicial persecution, denounced by Powell as an attempt to impose a monetary policy directed by political pressure or intimidation , has provoked a bipartisan reaction in the Senate. North Carolina Republican Thom Tillis has pledged to block the approval process for the designated successor to the Fed chair until the ca...