Posted on 05/31/2025 11:40:23 AM PDT by E. Pluribus Unum
According to sources, a stern President Trump took the Fed head, Jay Powell, to the woodshed yesterday during their Oval Office meeting.
Mr. Trump wants the Fed to lower its target rate. And equally, of course, Mr. Powell has stubbornly avoided any policy changes.
You know what? Mr. Trump is right.
The latest inflation report out today shows the Fed’s favorite measure, the personal consumption deflator, has risen only 2.1 percent annually over the past three months, and the same 2.1 percent over the past 12 months.
The Fed’s target is 2 percent.
So, you would think Mr. Powell & Co. would at least be publicly suggesting that they have made it to home plate.
And it sure makes you wonder about the Fed’s jumbo rate cut more than six months ago, when the inflation rate was almost a full percentage point higher than it is today.
Commodity indicators have softened significantly — Mr. Trump is right about that, too.
And, by the way, if anybody cares, the money supply has been quiescent for quite some time.
Here’s another point: Mr. Trump’s tariff diplomacy for reciprocal free and fair trade, and his battle to open up markets for American business exports is basically going to be on hold for a while — as a result of activist judges that seem determined to stand in the president’s way.
Mr. Trump has been battling unfair trading practices for a long time.
The world trading system has been broken for more than three decades.
Important trading partners, especially Communist China, have huge tariff and non-tariff barriers.
Yet these activist judges, who have interfered with so many Trumpian policies to drain the swamp, are now robbing him — and the American people — of important leverage to even the playing field and promote American prosperity, especially the working class coalition that backed him.
(Excerpt) Read more at realclearpolitics.com ...
Globalist deep-staters on the right...
Globalist deep-staters on the left...
The infection has festered & grown for 65 years...
It may take 65 years to stamp out...
In addition, there is the ongoing problem of balkanization
Apophis may be our only hope...
Apophis the asteroid? Or the Egyptian God of the underworld?
Powell dropped the Fed rate .50bp last fall in an attempt to help the Democrats win the election. Now, when he should be dropping the rate, he is being deliberately stubborn. In my opinion, it’s an attempt to harm Trump’s economy to help the democrats in the mid-term elections.
99942 Apophis, the asteroid...
Scheduled for:
- Friday, April 13, 2029
- Easter Sunday, April 13, 2036
- 2051 (maybe)
- 2068
If one examines the intelligence of government agencies as they fail to keep airplanes apart, depending on or believing in their calculations related to Apophis is insane...
I agree about government predictions. But if somehow they are correct, Musk better hurry getting his Starship operational.
RE: 99942 Apophis, the asteroid...
“Asteroids?”
“No. But my dad’s are so bad sometimes he can’t even sit on the toilet.”
As is so often the case these days, the article is unworthy of its title. Kudlow tells us that judicial activism is “losing” without explaining his bases for that conclusion, other than ‘Trump will keep fighting.’ So far, it doesn’t look good, especially when the SCOTUS demands Trump ask Congress for anything, this despite that so much of what it “authorizes” cannot be found in Article I, Section 8.
Activist Judges, Bureaucracy Are Fighting a Losing Battle”
Are they?
Thank you. This was lousy.
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