Trump Vs. Powell! To The Liberal World Order
Zero Hedge: President Trump just landed another comic-book punch on Fed Chair Powell:
“”Pre-emptive Cuts” in Interest Rates are being called for by many…. there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already “lowered” seven times. Powell has always been “Too late”, except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?”
To be honest, Trump is saying many of the same things that many of those covering the Fed in markets are too – just far less politely; and very inappropriately in the eyes of those same commentators… because they are allowed to criticize an independent central bank and take market positions to bend it to their will, but politicians are obviously not. Read More…
Opinion: Let’s get in the time machine for some clarity on an all-important question:
Is the Fed political?
The Fed is NOT supposed to be political.
October 25, 2021
Yellen says high inflation is temporary. And if it isn’t?
Treasury Secretary Janet Yellen says inflation should ease by next year, but anxiety about that is still running high.
CNBC news June 1, 2022
Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’
- Treasury Secretary Janet Yellen told CNBC that the White House has several strategies that will reduce inflation she conceded is too high for Americans.
- In a separate interview Tuesday, Yellen admitted she was wrong when she called inflation “transitory” last year.
By July 2022, inflation reached record high level of 9.1% as the Federal Reserve sat on its hands…
September 11, 2024
US Inflation Hit Highest Level in History Under Biden?
“People can’t go out and buy cereal or bacon or eggs or anything else,” former U.S. President Donald Trump said in the debate.
Is the Federal Reserve political? By September 2024, 2 months before the election polls were looking bad for Vice President Kamala Harris…
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
CNBC September 18, 2024
- The Federal Open Market Committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the labor market was weakening.
- It was the first interest rate cut since the early days of the Covid pandemic.
With the stock market at an all time high, the Fed stunned Wall Street with a massive 1/2 point interest rate cut.
Fast forward to 2025.
With inflation showing signs of dropping and the stock market in turmoil, President Donald Trump pressured the Fed to stabilize tumultuous markets by lowering interest rates.
In a discussion about whether the Federal Reserve would consider taking appropriate action to support the markets, Federal Chair Jerome Powell stated…
“I’m going to say no, with an exclamation point.”
Central Bank Power is Growing:
The Bank of China, which controls the 3rd largest economy in the world, has expanded the digital yuan to 26 regions across 17 provinces.
The European Central Bank which controls the 2nd largest economy in the world (the EU) has announced plans to roll out the digital euro by October 2025.
The Federal Reserve, which controls the largest economy in the world, is the last hold-out against digital money – which many economists say is surveillance in the form of money.
Daniel 9:26 identifies the final empire of Antichrist to be from the same empire that destroyed the city of Jerusalem and the Holy Temple – Rome or revived Rome.
All prophetic eyes on the EU.
inflation, interest rates, Janet Yellen, Jerome Powell, stock market, transitory