Federal Reserve Chairman Jerome Powell, a man whose disastrous policies have repeatedly failed the American people, once again proved his incompetence during Tuesday’s Senate Banking Committee hearing. Despite a booming Trump economy with no inflation, Powell stubbornly refused to cut interest rates, claiming inflation “might rise” later this year. This absurd justification is nothing more than a thinly veiled attempt to sabotage President Trump’s pro-growth agenda—just as Powell did during Trump’s first term.
Last week, President Trump rightfully called out Powell’s incompetence, blasting him for keeping rates artificially high while Europe has already implemented 10 rate cuts. In a scathing Truth Social post, Trump wrote:
“Too Late Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate. Europe has had 10 cuts, we have had ZERO. No inflation, great economy – We should be at least two to three points lower. Would save the USA 800 Billion Dollars Per Year, plus. What a difference this would make. If things later change to the negative, increase the Rate. I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come. THE BOARD SHOULD ACTIVATE. MAKE AMERICA GREAT AGAIN!”
Powell’s track record is abysmal. During the Obama years, he kept rates at a near-zero 0.25%, fueling reckless spending without economic growth. Yet, the moment President Trump took office and unleashed historic prosperity, Powell immediately hiked rates, deliberately slowing down the economy. Now, with Trump back in the White House and delivering record job growth, soaring wages, and a thriving stock market, Powell once again refuses to act—proving his decisions are politically motivated, not economically sound.
The liberal media, of course, remains silent on Powell’s sabotage. Where are the outcries from CNN or The New York Times about how Powell’s policies are hurting working-class families? Instead, they cheerlead for policies that stifle growth while ignoring the Trump economic miracle unfolding before their eyes.
President Trump isn’t fooled. He knows Powell is playing politics with American lives, and he’s calling him out for it. The Fed should be cutting rates now—not inventing excuses to justify their anti-Trump agenda.
The post Fed’s Dirty Secret: Why Rates Stay High Under Trump [Video] appeared first on Life and Liberty.
Click this link for the original source of this article.
Author: Daphne Moon
This content is courtesy of, and owned and copyrighted by, https://thepatriotchronicles.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
