Master Bao is starting to fight back. The *Financial Times* revealed a key document: In July 2025, Powell had already sent a 4-page letter to the Senate Banking Committee, detailing the costs of the Federal Reserve's $2.5 billion headquarters renovation project, reasons for the overruns, canceled projects, and audit mechanisms. And this letter was sent out just two and a half weeks after his June 25 testimony. In other words, before the Trump administration accused him of 'misleading Congress,' he had already laid all his cards on the table for Congress. This is super awkward. Master Bao is clearly saying that Trump is framing him, messing up a situation that could have been handled smoothly. Originally, he would have left when his term ended, but now he can’t leave. Let’s see who backs down first this time.