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Inflation was a problem under the Biden administration. It is not a problem under the Trump administration. In fact, quite the opposite.
Prices are coming down across the board under Trump.
The tariff wars are likely to increase that trend as U.S. economic growth slows as American re-shores manufacturing and reinvents its financial system.
Today Federal Reserve Chairman Jerome Powell refused to promote lowering the Fed Funds rate from its current position at 4.5%. This is the rate banks are charged for short-term funding from the Fed. It is set by the Federal Open Market Committee.
Powell said the Fed may be forced to choose in the near future between controlling inflation and protecting economic growth.
“If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close,” he said for a speech in Chicago.
“For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance.”
In other words, with every metric heralding a slowing economy -- at least in the short term -- a tariff war, falling stock market, and rising interest rates out the yield curve, Powell refuses to get ahead of the falling knife and buoy the economy with reduced short-term rates.
The Fed is ALWAYS behind the curve; however, this is intentional.
The Fed kept rates almost a zero for decades while the U.S. government racked up massive amounts of debt, as the globalists in our midst attempted to break the back of the U.S. dollar, our financial system, and our republic.
This is seditious behavior.
The Fed needs to be ended and we need to go back to sound money. The economic weapon in the hands of the globalists needs to be neutralized.
