The President vs. the Fed: The Federal Reserve's independence is under fire again This lawsuit involves the renovation project of an office building, which has been a point of contention between both parties since July 24 last year. Netizens summed it up like this: Upon investigation, Powell has lost his ideals and beliefs, crossed the line of discipline and law, and accepted gifts in violation of regulations; he sought benefits for others during job adjustments and accepted bribes; he used his position to seek benefits for others in project contracting, payment settlements, and other areas, while illegally accepting massive amounts of money. 'Living off the Fed while exploiting the Fed' has caused significant losses to federal interests. Even after the 47th federal election, he showed no restraint or remorse. The nature of these actions is severe, the impact is egregious, and it must be dealt with seriously.