Free Republic

President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said. The warnings — and the markets’ own volatility this week — seemed to have broken through. Trump backed down Tuesday from his threats to try to remove Powell from the job, telling reporters in the Oval Office: “I have no intention of firing him.” That prompted sighs of relief on Wall Street. A...

President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. “None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s removal. “Never did.” The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him. U.S. stock futures rose sharply across major indexes following Trump’s latest remarks. Trump, who has heaped pressure on the...

If Donald Trump is upset about higher interest rates, he should stop doing just about everything he can to undermine the U.S. economy in the eyes of the world. As the U.S. becomes a riskier place to do business because of tariffs and fiscal uncertainty, and the independence of the central bank comes under threat from the president, people will demand higher yields to make buying U.S. sovereign debt worth their while. Maybe you think Trump’s trade policy has merit or the Federal Reserve needs to be brought more firmly under the president’s control. That’s a separate question from how...

If the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman. Monday was the first full trading day for markets to absorb National Economic Council director Kevin Hassett’s comments Friday that the White House is studying if Mr. Powell can legally be fired. On Monday Mr. Trump demanded again that Mr. Powell make “pre-emptive” interest rate cuts to avoid a slowdown. Cue the meltdown in stocks,...

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system. We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful? Could gold-backed 50-year bonds anchor the dollar? And is the U.S. actually “cheating” in global markets? The Fed Is Too Powerful 00:43 - Meet Judy Shelton: Credentials &...

President Trump’s tariff war isn’t going well, with market ructions and evidence of a slowing economy. So it was probably inevitable that Mr. Trump would demand that the Federal Reserve ride to his rescue by cutting interest rates. The President took to social media Thursday morning to blast Fed Chairman Jerome Powell with his familiar nuance. “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,” Mr. Trump wrote. “Too...

Yesterday President Trump signed what could prove to be his most important executive order to date. The order addresses the so-called “independent agencies” of the Executive Branch–the SEC, the Federal Reserve, the FDIC, the Federal Trade Commission, the Federal Communications Commission, and so on. The purpose of the order is to bring these agencies under presidential control. It begins: Section 1. Policy and Purpose. The Constitution vests all executive power in the President and charges him with faithfully executing the laws. That is correct. The first sentence of Article II is: The executive Power shall be vested in a President...

Finding links to the Soros family in the Joe Biden White House should come as no surprise. In addition to George’s decades-long meddling in our politics, he spent tens of millions backing Biden and other Democrats in 2020, and Alex got in on the action too, throwing $700,000 at the would-be worst president of the 21st century. As documented in the book The Man Behind the Curtain: Inside the Secret Network for George Soros (2022), George planted his seeds of influence in the Biden White House even before Biden took office. During the transition, the incoming Biden administration assembled “Transition...

https://www.hustleescape.com/book-summary-creature-from-jekyll-island-by-edward-griffin/

This is why it fell apart.

Why is Elon Musk supporting Ron Paul leading an audit of The Federal Reserve such a big deal? Because The Fed has NEVER had a full audit, or full disclosure of monetary policy decisions Example: The Fed got caught doing HALF A TRILLION in swaps overseas with no oversight Federal Reserve Chairman Ben Bernanke was even questioned about giving this half a trillion in swaps to the central banks overseas: No one gave the approval and he says he doesn’t need approval, “We have a longstanding legal authority to do swaps with other central banks — It's not an emergency...

@TaraBull808 Elon Musk is considering to have Ron Paul head up an audit of The Federal Reserve

China’s spying campaign is pervasive and relentless. Former Federal Bureau of Investigation Director, Christopher Wray said, ““The PRC [People’s Republic of China] has made it clear that it considers every sector that makes our society run as fair game in its bid to dominate on the world stage, and that its plan is to land low blows against civilian infrastructure to try to induce panic and break America’s will to resist.” Well said by former Director Wray, but if the FBI and Department of Justice had spent less time spying on Catholics, Pro-Lifers, and School Board attendees, maybe they would...

Former senior adviser to the Federal Reserve, John Harold Rogers, has been arrested on charges of leaking classified trade secrets to the People’s Republic of China, DOJ says. Rogers, 63, of Vienna, Virginia, served as a senior adviser in the Federal Reserve’s international finance division from 2010 until his retirement in 2021. During his tenure, he had access to confidential information, including proprietary economic data, deliberations on tariffs targeting China, and sensitive insights into the Federal Open Market Committee’s (FOMC) forthcoming announcements. According to the indictment, Rogers began exploiting his position as early as 2018, soliciting and transmitting trade-secret information...

Acting U.S. Attorney for the District of Columbia Ed Martin announced Friday that the Department of Justice has indicted a former senior adviser for the Federal Reserve on espionage charges. Sixty-three-year-old John Harold Rogers of Virginia was arrested Friday and charged with conspiracy to commit economic espionage and with making false statements. Rogers allegedly conspired to steal FRB trade secrets in order to aid China. From the DOJ website: John Harold Rogers, 63, of Vienna, Virginia, a former Senior Adviser for the Federal Reserve Board of Governors (FRB), was arrested today on charges that he conspired to steal Federal Reserve...

The Federal Reserve's top banking regulator will be stepping down next month, paving the way for President-elect Donald Trump to name a replacement and heading off a potential confrontation between the two... Though he did not specifically mention the rumors that Trump would attempt to remove him, Barr said in a statement that "the risk of a dispute over the position could be a distraction from our mission. In the current environment, I've determined that I would be more effective in serving the American people from my role as governor."... Bank stocks rallied following the announcement. ...

The US taxpayer has suffered a double whammy under The Federal government. First, thanks to the Federal Reserve, the purchasing power of the US Dollar has fallen 97% since the creation of The Federal Reserve in 1913 (under Woody Wilson). ... The second leg of the double whammy is the staggering $36 TRILLION is public debt, up from $321 million in 1966. That is a remarkable increase, most of it happening under Obama/Biden then Biden/Harris or 188% since Biden/Harris. Yes, Trump is sanwiched in between Obama and Biden for a scant 4 years. While we love to blame Presidents, it...

The groups that brought the lawsuit, which includes the Bank Policy Institute (BPI), said they do not oppose stress tests, but said the current framework “produces vacillating and unexplained requirements and restrictions on bank capital." Agroup of banks and business organizations on Tuesday sued the Federal Reserve over the framework of its annual bank stress tests. The lawsuit, filed in an Ohio court, comes one day after the Fed said it plans to make "significant changes" to the stress tests that provide more transparency, citing an "evolving legal landscape," as demonstrated by recent changes in administrative laws. The stress tests...

U.S. stocks finished lower on Wednesday, with the Dow Jones Industrial Average posting its worst day in over four months after the Federal Reserve decided to lower its benchmark interest rate by 25 basis points but reduced its forecast for further rate cuts in 2025. The Dow fell 1,123.03 points, or 2.6%, to end at 42,326.87. The blue-chip index fell for a 10th straight session, logging its longest losing streak since October 1974, according to Dow Jones Market Data. The S&P 500 was off 178.45 points, or nearly 3%, to finish at 5,872.16. The large-cap index suffered its largest one-day...

The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after the election of Donald Trump as president. The central bank voted unanimously Thursday to cut its benchmark rate by 25 basis points to a new range of 4.5%-4.75%, making the decision at the conclusion of its two-day policy meeting in Washington, D.C. The move marks the second rate cut in seven weeks, following a jumbo half percentage point reduction in September that kicked off the Fed’s first easing cycle in more than four years. This new cut was justified, according to the Fed’s...