/4🧵#USpol #USA
The Fed Chair (Powell) reports to Congress, the Treasury (under the US president) & the Federal Open Market Committee (FOMC), which is made up partially by the Fed Reserve Board (appointed by the US president, as is the Chair). #Powell also called for an IG to review the renovation that has been criticized by #Trump & Republicans.
Sen. Scott serves on the Senate Banking Committee— perhaps why he went on the bully tour.
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https://en.m.wikipedia.org/wiki/Chair_of_the_Federal_Reserve
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https://www.cnbc.com/2025/07/14/fed-chair-powell-asks-inspector-general-to-review-controversial-building-project.html