Posted on 07/30/2025 4:54:54 AM PDT by Lazamataz
Despite ongoing pressure from President Donald Trump, Federal Reserve Chair Jerome Powell is expected to leave key interest rates unchanged, according to market projections and analysts. Powell is set to announce his decision today.
Most data indicates the economy is in good shape, with a relatively low 4.1% unemployment rate and relatively subdued inflation. But in June, the economy began to show prices for apparel, appliances and toys beginning to accelerate, and forecasters suggested tariffs would be likely to continue to drive up consumer prices. In a twist, Powell said the Fed might have already cut interest rates had it not been for Trump’s volatile tariff policy.
Last week, Trump made a rare visit to the Fed’s Washington, D.C., headquarters. That visit, as well as his administration’s calls for lower interest rates, has raised concerns about the central bank’s long-standing independence and immunity to political interference. Meanwhile, two Trump-appointed members of the Federal Open Market Committee, which sets the rate, have openly called for lowering rates. But Powell, who was also appointed during Trump’s first presidential term, has shown no signs he would budge.
(Excerpt) Read more at nbcnews.com ...
Why doesn’t Trump just fire him?
Can he?
I believe so.
I understand that for the 1st time in 30 years two governors will dissent. It will be obvious today that it’s all political.
Even Cramer is exasperated with the (F’ing) Fed ... drops f bomb ...
https://x.com/realBruceSnyder/status/1949880936167862717
Also ... first time since ... what? ... 90s that (two) Fed Govs have dissented on this latest blunder decision to keep rates where they are.
Time for Powell to get the heave ho ... especially after he was busted by POTUS, on LIVE TV for terrible budget overruns on his money-pit ‘refurb’. How much of that $$ has been ... er ... diverted?
Ha! See post 6!
Beatings will continue until morale improves!
Fun little factoid...
The Federal Reserve was created, the federal income tax passed, the 17th Amendment ratified, all in 1913, IIRC.
Coinkydink...?
I think not.
Fed Decision Preview: No Rate Cut But First Dual-Governor Dissent Since 1993
While the Fed will stay on hold at its July meeting and make no change to balance sheet policies, Governors Waller and Bowman are likely to dissent in favor of a 25bp rate red— Williams Kris (@kris_willi28289) July 30, 2025
That's when We The People lost our sovereignty.
Trump is falling for cheap-money pouplism. An increased
housing stock, via less regulation and an end to the Democrats’ war on landlords, will give us better, cheaper housing. Lower interest rates decreed by the Fed will only penalize savers and bid-up the prices of our existing housing stock. Powell should ignore Trump’s name calling and stand firm.
The most politically agendized Fed Chairman of all time
I’m willing to consider your position. Care to deep-dive and explain it?
Trump has set Powell up for the fall.
1) building overruns
2) predicted dissent from fellow FRB govs
He won’t fire him, but will expedite naming of new Fed Chair, which will neuter Powell since business will plan and act accordingly to the new guy.
Powell is trying to instigate the recession mentioned 9 mos. ago during the elections. He should be removed...and quickly.
Now that trade deals are being finalized, tariff “ volatility” is going to be replaced by certainty…as per the plan
Japan and the EU for sure
Powell may go down in history as the single man responsible for hundreds of billions added to the debt due to refinancing being subject to such high rates
Then he should.
Hells bells, his Apprentice show had him saying "You're FIRED" over and over.
Time to cue the catchphrase.
Housing would boom?
The price of housing would shoot up at the same rate as a mortgage drop.
At least in our area, the average time for a house on the market is literally less than 100 hours. Lower rates isn’t going to do anything but squeeze this more.
Lower rate would actually lead to more government spending. The economy is doing fine right now. I am actually OK with keeping the rates moderate right now.
Related factoids, around that time:
Titanic sank (1912)
Jekyll Island meeting (1910)
WW1 starts (1917)
Presidential election of 1912 (3 main candidates all for a central bank, Taft/Roosevelt/Wilson)
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