Trump's Demands to Federal Reserve fell on Deaf Ears

Trump demands interest rates of 1% or less after Fed raises rates for first time since 2023

President Donald Trump fired back at the Federal Reserve within hours of its first rate hike in three years, posting on Truth Social that U.S. interest rates "should be 1%, or less", a demand that would require slashing the benchmark rate by nearly three full percentage points.

The Federal Reserve on Wednesday unanimously voted to raise the federal funds rate by a quarter of a percentage point, lifting it to a range of 3.75% to 4.00%. The move reversed course after multiple rounds of rate cuts in late 2024 and 2025, when the central bank had worried about a slowing economy and a weakening labor market. Fed Chairman Kevin Warsh, who was sworn into the post in May, said the hike "comes at a time when the economy appears to be strengthening."

Trump did not see it that way. In a post on Truth Social, the president argued that America's creditworthiness and booming investment climate justified rates far below where the Fed just set them.

"Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World, BY FAR. Our Country is BOOMING with new Investment! If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year."

He followed up by calling trade deficits "nothing more than a fancy word for LOSS" and demanded the Fed act immediately.

"We are 'carrying' almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"

The unanimous vote matters. Every member of the rate-setting committee backed the quarter-point increase. There was no dissent for Trump to point to, no internal split to exploit. The Fed spoke with one voice, and that voice said inflation, not the president's preference, would set the direction of monetary policy.

Whether Warsh can hold that line under sustained presidential pressure will be the question that defines his tenure. The Fed's independence is only as strong as the chairman willing to defend it, and the president just made clear he expects results, not explanations.

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Interest Rates hiked

Fed Hikes Interest Rates for First Time in 3 Years

Fed policymakers tighten policy in the face of elevated inflation and higher Treasury bond yields

Officials voted 12–0 to increase the benchmark federal funds rate—a key policy rate that influences borrowing costs for businesses and consumers—by a quarter point to a new target range of 3.75 percent to 4 percent.

This was the first rate hike since July 2023.

“Economic activity is expanding at a solid pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient,” the Fed said in a post-meeting statement.

“Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little.”

In addition to the rate decision, the Fed released its Summary of Economic Projections, a quarterly outlook for policy and the economy. “This is certainly a positive for the market. It’s fair to assume that if the Fed had not acted today, it would have caused meaningful strain across markets.”

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"Too Late" Jerome Powell should leave at end of Fed Term

Jerome Powell Doubles Down On Past Rate Mistakes

By Peter Navarro
March 19, 2026

In holding rates steady, Jerome Powell—the worst Fed Chair since Arthur Burns—has once again let his anti-Trump animus cloud his judgment. The damage will not show up only on Wall Street.

It will show up in the monthly payment on a starter home, the financing costs of a machine-tool purchase, the builder who delays a project, the manufacturer who shelves an expansion, and the family that watches its credit costs stay painfully high while the Powell Fed congratulates itself for being “disciplined.”

This is not just a spiteful and damaging policy mistake. It is a fundamental misreading of the economy.

Powell continues to act as if inflation is broad-based, demand-driven, and on the verge of reaccelerating. Powell has clearly signaled his intention to remain on the Board of Governors even after his term as Chair expires.

This is nothing more than a Powell extortion expedition for a “plea deal”—having possibly acted above the law, he is trying to evade any possible accountability by conditioning his departure on the Department of Justice dropping its probe of Powell.

Read the article by Peter Navarro

Senator Thom Tillis, an obstacle

Trump nominates Kevin Warsh to lead the Federal Reserve

President Donald Trump has officially nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, sending the nomination to the Senate on Wednesday. The move came more than a month after Trump first publicly announced he wanted Warsh to head the central bank.

If confirmed, Warsh would replace current Fed Chair Jerome Powell and serve a four-year term.

The nomination, however, faces an unusual obstacle, and it isn't coming from Democrats.

Sen. Thom Tillis, R-N.C., has said he will block Warsh's nomination from advancing in the Senate until a federal criminal investigation of Powell by the Washington, D.C. U.S. Attorney's Office is shelved. That threat could prevent the nomination from reaching the Senate floor entirely.

According to Newsmax, the investigation centers on the $2.5 billion renovation of the Federal Reserve's headquarters in Washington and Powell's Senate testimony about the project. Powell disclosed in mid-January that he was under investigation in connection with the matter.

A $2.5 billion headquarters renovation for an institution that prints the money it spends. That alone tells you something about the culture inside the Fed.

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Trump to name Kevin Warsh as new Federal Reserve Chair

President Donald Trump plans to nominate Kevin Warsh

to the board of the Federal Reserve as a governor and the next chair of the central bank.

If confirmed by the Senate, Warsh would succeed Jerome Powell, whose tenure as chair ends in May.

Trump announced the nomination in a post on social media this morning.

The appointment, which requires Senate confirmation, amounts to a return trip for Warsh, 55, who was a member of the Fed’s board from 2006 to 2011. He was the youngest governor in history when he was appointed at age 35. He is currently a fellow at the right-leaning Hoover Institution and a lecturer at the Stanford Graduate School of Business.

"I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best," Trump wrote.

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GDP grows beyond earlier estimates

Atlanta Fed Nearly Doubles Q4 Growth Estimate to 5.4 Percent After Strong Data

Stronger economic data and delayed releases point to more robust U.S. growth momentum toward the end of the year

U.S. economic growth prospects received a fresh boost this week as the Atlanta Federal Reserve nearly doubled its estimate for fourth-quarter output after a raft of strong data, while Fitch Ratings lifted its projections for full-year 2025 and 2026 growth after delayed government releases showed firmer economic momentum.

The Atlanta Fed’s closely watched GDPNow model lifted its estimate of fourth-quarter real gross domestic product (GDP) growth to 5.4 percent on Jan. 8, up from 2.9 percent a day earlier, after incorporating new data on trade, consumer spending, and services activity.

Separately, Fitch said on Jan. 8 that delayed economic releases revealed firmer momentum in the second half of 2025 than previously assumed, prompting upward revisions to its medium-term growth forecasts.

Geiger Capital described the Atlanta Fed’s upgrade as a “massive expansion” largely attributable to the narrowing trade deficit, with new data released on Jan. 8 by the U.S. Bureau of Economic Analysis (BEA) showing that America’s trade gap shrank to its lowest level in 16 years.

Read the rest of the data

The Atlanta Fed's GDPNow model offers good short-term accuracy, generally improving as the quarter progresses, with historically low errors pre-pandemic (around 0.5 ppt absolute error) and slightly higher post-pandemic (closer to 0.77 ppt average error)

Fed Study Vindicates Trump's Trade Policy

On Tariffs

The Tarifflation Narrative Was Destroyed by a San Francisco Fed Paper

For as long as anyone can remember, economists and journalists have issued a consistent warning about tariffs: they will push prices up. It’s been the cornerstone of the case against President Donald Trump’s trade policy.

Raise tariffs, and consumers will pay more at the checkout counter. It’s simple economics, the Democrats, etc. tell us.

A new paper from the Federal Reserve Bank of San Francisco suggests the economic establishment got this one backwards.

Economists Régis Barnichon and Aayush Singh examined major tariff changes across the United States, the United Kingdom, and France over 150 years. Their finding: when tariffs rise, inflation actually falls. Higher unemployment also follows, but the consumer price spiral that economists predicted? The data doesn’t support it.

This doesn’t mean tariffs are costless. It means the case against them will have to rest on grounds other than “they make things more expensive.”

Read the rest of the report

Jerome Powell and the Fed lowered interest rate by 0.25%

Fed lowers interest rates by 0.25 percentage points in first cut since 2024

The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December — as the U.S. grapples with a stalling labor market and slower economic growth.

The Fed cut reduces the federal funds rate — what banks charge each other for short-term loans — to between 4% and 4.25%, down from its prior range of 4.25% to 4.5%. The last time the central bank eased borrowing costs was in December 2024, when it also trimmed rates by a quarter of a percentage point.

Federal Reserve officials are also penciling in two more rate cuts in 2025, but only one in 2026, according to the central bank's summary of economic projections. That may disappoint Wall Street, with investors before the meeting projecting a total of five cuts over the rest of the year and 2026.

Only one member voted against...he wanted a rate cut of 0.50.

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Reuters take on the Economy this week

YORK, Sept 5 (Reuters) - DOW ended slightly lower on Friday

Bank shares were among those taking the biggest hit, with the S&P 500 bank index (.SPXBK), opens new tab ending 2.4% lower.

However, Broadcom (AVGO.O), opens new tab shares rose 9.4%, helping to offset market losses, a day after the chipmaker unveiled a $10 billion artificial intelligence chip order from a new customer and forecast fourth-quarter revenue above estimates.

The U.S. economy created 22,000 jobs last month instead of an estimated 75,000, confirming softening labor market conditions, according to the Labor Department report. Part of the problem in fewer jobs being created in the U.S. is due to a combination of factors, including the Federal Reserve's efforts to combat inflation through higher interest rates. And of course, there are fewer illegals working.

 
The three major U.S. stock indexes initially rose and broke records following the data, as traders of futures tied to the Fed's policy rate boosted bets that the U.S. central bank will trim rates in quick succession, starting this month, with a 50-basis-point easing now on the table.

"It's going to take more than one bad data set for us to dislodge this market at this point," said Pete Mulmat, CEO of IG North America, parent company of tastytrade, in Chicago.

For the week, the Dow fell 0.3%, the S&P 500 gained 0.3% and the Nasdaq rose 1.1% and Democrats continue to scream like crazy as they blame Trump Tariffs on everything lately.

 
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An Appointee of Biden on the Federal Reserve has dendered her resignation

Fed Governor Announces Resignation, Opening Vacancy on Interest Rate-Setting Committee

"Adriana Kugler did not cite a reason but said she would return to her teaching position at Georgetown University in the fall.

The Federal Reserve has announced that Fed Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, creating a vacancy on the central bank’s 12-member interest rate setting committee that President Donald Trump will have an opportunity to fill.

Kugler, an appointee of President Joe Biden whose term was set to expire in January 2026, announced her departure in an Aug. 1 letter to Trump, saying she would return to her teaching post at Georgetown University this fall. She did not give a reason for her resignation.

“It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler wrote. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.”

Her exit comes after the Fed voted this week to keep interest rates unchanged, a decision opposed by two Trump appointees, Christopher Waller and Michelle Bowman, who argued for a quarter-point rate cut.

Kugler did not participate in the vote. In recent months, she had voiced support for holding rates steady until the effects of Trump’s new tariffs on inflation became clearer—a stance generally viewed as hawkish."

Read more about it...

The Federal Reserve Board of Governors has seven members. These governors are nominated by the President of the United States and confirmed by the Senate. They serve 14-year terms, with one term beginning every two years. The Board also includes a Chair and a Vice Chair, who are appointed by the President from among the sitting governors and serve four-year terms, according to the Federal Reserve Board.

Jerome Powell is determined to finish his Term

Federal Reserve chair Jerome Powell declines to step down

Hold onto your wallets, folks -- Federal Reserve Chairman Jerome Powell is digging in his heels despite a storm of pressure from the White House to pack his bags, as the Daily Caller reports.

Reports surfaced on Friday from CNN (Fake News regarding Trump...can anyone believe what CNN says?)  that Powell is standing firm against calls from President Donald Trump for him to resign. Several Republicans want him to resign over his reluctance to cut interest rates, with the Fed chair quietly assuring close allies he plans to serve until his term ends in May 2026.

This saga kicked off in recent months as Trump and other GOP figures ramped up their criticism of Powell’s monetary policy decisions. They argue that slashing rates could spur economic growth, but Powell isn’t budging. It’s a classic standoff between political demands and central bank independence.

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Trump has said that firing Powell is not necessary...he should just cut interest rates. So, Trump has not pressured Jerome Powell to resign although many Reublicans have suggested that.

The president said Tuesday he doesn’t think Powell should resign before his term is up in May but bashed him for not lowering interest rates.

Day at the Federal Reserve

Jerome Powell

Jerome Powell: The Grand Speculator

Excerpt from Breitbart Business: "The Fed chair once warned against using speculative forecasts to drive policy. Now he’s doing exactly that.

Federal Reserve Chair Jerome Powell made a quiet but extraordinary admission on Tuesday: if the Fed were following the actual data, it would be cutting interest rates. But it isn’t—because the Fed expects President Trump’s tariffs to raise inflation, and it's choosing to act on that forecast instead.

“If you just look at the basic data and don't look at the forecast, you would say that we would've continued cutting,” Powell told lawmakers. “The difference, of course, is at this time all forecasters are expecting pretty soon that some significant inflation will show up from tariffs. And we can't just ignore that.”

That’s a remarkable departure from the Fed’s longstanding mantra of data-dependence. It also reveals the extent to which the central bank is allowing anti-tariff bias—and speculative inflation models—to override clear economic signals pointing toward looser policy.

The data are, in Powell’s own words, favorable to a resumption of rate cuts. Inflation has come down meaningfully. We don't yet have the personal consumption expenditure index reading for May, but Harvard economist Jason Furman's calculation based on CPI is that the three-month annualized rate is around 0.6 percent for headline inflation and 1.4 percent for annualized inflation. The year-over-year figure is two percent for headline, exactly at the Fed's target, and 2.5 percent for core inflation.

Yet Powell is blocking further cuts because of what inflation might do, not what it’s doing. Specifically, he and his colleagues fear that Trump’s April 2 “Liberation Day” tariff announcement will eventually lift consumer prices—even though so far, that impact is not visible in the data. 

The next Fed meeting is in late July. Between now and then, the Fed will only get one more month of inflation data with the May PCE inflation and the June CPI and PPI. It seems highly unlikely that if Powell is not ready to cut based on the last four or five months of data, including at least two months of post-Liberation Day inflation reports, one more month is not going to move the chains."

President Trump calls him a "Total and Complete Moron" for leaving interest rates steady.

Will the Federal Reserve Lower interest Rates?

Trump Drops a Truth on Powell

"Federal Reserve Chairman Jerome Powell is the latest target of a Donald Trump “Truth Bomb” barrage on his Truth Social platform.

Powell had delivered a speech at the Economic Club of Chicago the day before in which he was not overly enthusiastic about the president’s Liberation Day tariff strategy. Powell suggested that he had a dilemma: try to tame inflation or increase growth in the economy.

To that, President Trump said, so what? (So to speak.)

The president has been a skeptic of Powell for some time, and the world was reminded of that today when Trump unleashed this blistering Truth post:

The ECB [European Central Bank] is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

So, Trump wants rate cuts now or perhaps he’ll fire Powell. So, the question becomes, would Trump actually do it? Powell is basically a lame duck. His term ends the summer of 2026."

Read Breitbart

Prices Dropping but Interest rates remain the same

Prices Dropping; Time for Fed to Lower Interest rates

President Donald Trump, pointing to dropping prices for gasoline as well as eggs and other groceries, is continuing to call for the Federal Reserve to lower interest rates.

"Egg prices are WAY DOWN from the Biden inspired prices if just a few weeks ago," the president said on his Truth Social page late Thursday. "'Groceries' and Gasoline are down, also. Now, if the Fed would do the right thing and lower interest rates, that would be great!!!"

Earlier this week, Trump also called on the Fed to cut rates while tariffs "start to transition" into the U.S. economy.

The Federal Reserve this week kept interest rates the same, while assessments continue on how the president's tariffs could affect economic growth.

Read more at Newsmax

The Serial Liar

Biden second-quarter job numbers off by 1 million, Philadelphia Federal Reserve Bank says

The Biden administration vastly overstated its estimate that employers created more than 1 million jobs in the second quarter of this year, claiming historic job growth when in fact hiring had stalled, according to a new estimate.

Job growth was “essentially flat” in the second quarter with only 10,500 jobs added, the Federal Reserve Bank of Philadelphia said.

Biden continually lies about everything and he always gets a pass from the main stream media.

The Philadelphia Fed’s new assessment shows that employment numbers in 29 states and the District of Columbia were significantly lower than the Bureau of Labor Statistics reported for the March-through-June period.

The BLS, a division of the Department of Labor, estimated net job growth of 1,047,000 jobs in the second quarter. The Philadelphia Fed now says its data shows that 10,500 net jobs were created in that period.

• Biden said, "“In the second quarter of this year, we created more jobs than in any quarter under any of my predecessors in the nearly 40 years before the pandemic. This was his lying attempt to better Donald J. Trump

• Republican Sen. Rick Scott of Florida called the development “outrageous.”

• Mark R. Levin @marklevinshow said the "SOB is a serial liar."

Read about it...

Federal Reserve raises Interest Rates Again

The highest in 15 years!

Fed Raises Interest Rates by 0.5 Percentage Point to 15-Year High

Federal Reserve policymakers voted on Dec. 14 to raise the benchmark federal funds rate by 50 basis points to a target range of 4.25–4.5 percent, the highest level since late 2007.

The Fed’s policy-making arm, the Federal Open Market Committee (FOMC), has boosted interest rates seven times since March, totaling 425 basis points.

During a post-meeting press conference, Fed Chair Jerome Powell said there’s still a long way to go in the fight against inflation. Most officials now anticipate raising rates above 5 percent next year, which is higher than previously projected.

Upon the announcement, the Market dropped and all three ended in the red. I'm getting poorer by the minute under this President...and it's NOT Putin's fault.

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Digital Currency in a Pilot Study

NY Fed and Major Banks Make Announcement That Should Concern Us All

We saw large-scale changes in how elections were conducted using the pandemic as an excuse. We can see the harmful results of a lot of those changes now, as they now try to sell us on it being “normal” that it may take days in some places to count elections.

If that weren’t enough, be prepared for something else that has been bandied about as a “conspiracy theory” but may now be on the immediate horizon.

The Federal Reserve Bank of New York and several banking conglomerates are partnering on a 12-week “digital dollar” pilot program." And one of these banks is where I do business, says The Republican Daily.

They will “explore the feasibility of an interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger.”

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The potential dangers to our freedom from such a system are incalculable. This is something the new Republican majority needs to get out in front of and not allow it to be steamrolled into place. The liberals have done enough damage to our freedom.

Paycheck Protection Program

Federal Reserve report: 75% of $800 billion PPP didn't reach workers

Study shows taxpayers billed $4 for every $1 that reached employees

A new report from two officers of the Federal Reserve has concluded that the vast majority of the billions of dollars spent for the Paycheck Protection Program, instituted to help save jobs when officials shut down America's economy over the COVID-19 pandemic, went astray.

The report comes from William R. Emmons, lead economist in the Supervision Division at the Federal Reserve Bank of St. Louis, and Drew Dahl, an economist at the bank.

"Based on the known distributions of incomes among workers in small businesses, as well as on the incomes of bank and small-business owners (both PPP loan recipients and their suppliers), the authors estimated that 72% of PPP funds were captured by households with incomes in the top 20% of the national distribution," the report said.

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It wasn't Putin, Joe!

Federal Reserve chairman needs just one sentence to dismantle Biden's narrative on inflation crisis

Federal Reserve Chairman Jerome Powell contradicted President Joe Biden on Wednesday, explaining the ongoing inflation crisis is not being driven primarily by Russian President Vladimir Putin.

As recently as Monday, the Biden administration called the Ukraine war "the biggest single driver of inflation."

Can anyone trust President Biden? Anyone?

What exactly did Jerome Powell say?