Posting on his social media platform, Trump questioned the Federal Reserve’s approach, suggesting that it may be contributing to challenges in the housing sector. He emphasised that with inflation appearing to moderate, conditions may warrant a more accommodative policy stance.

While inflation has eased from the highs reached during the pandemic, recent economic indicators have shown a mixed picture. Inflation remains above the central bank’s 2% target, and policymakers continue to monitor price trends closely ahead of upcoming decisions.

Trump’s comments come just ahead of Powell’s scheduled speech at an annual gathering of central bankers, a forum where markets often look for signals regarding future monetary policy. The Federal Reserve’s next policy meeting is set for September 16–17.

Market participants and economists currently anticipate a quarter-point rate cut next month, with the potential for another later in the year. This would fall short of the more substantial cuts Trump has advocated. Some of his former economic advisers, including Scott Bessent, have supported a half-point reduction as early as September.

The Federal Reserve has maintained its benchmark interest rate within a range of 4.25% to 4.50% throughout the year. Previous rate cuts occurred in the months surrounding the last presidential election and its aftermath. Since then, the central bank has taken a cautious approach, citing concerns about inflation risks and confidence in the resilience of the labor market.

In July, the Consumer Price Index rose by 0.2%, with the annual rate holding at 2.7%. Core inflation, which excludes food and energy prices, increased 3.1% year-over-year. Based on these figures, economists estimate the core personal consumption expenditures (PCE) index may have risen 0.3% in July, bringing the annual core PCE rate to around 3%. This metric is closely watched by the Federal Reserve in guiding its inflation policy.

While consumer prices remained relatively stable, higher producer and import costs suggest that inflationary pressures may persist in the months ahead. At the same time, signs of a cooling labor market have emerged, though the unemployment rate remains historically low at 4.2%.

In recent remarks, Trump placed particular emphasis on the effect of current monetary policy on housing affordability. Mortgage rates, which are indirectly influenced by the Fed’s actions and more directly tied to long-term Treasury yields, have remained elevated. Limited housing supply and rising home prices continue to put pressure on potential buyers.

Despite a recent slight dip, the average rate for a 30-year fixed mortgage remains high—around 6.7%—compared to levels seen before the Federal Reserve began its rate-hiking cycle in 2022. That rise in mortgage rates has contributed to a more challenging environment for homebuyers and added to broader concerns about access to affordable housing.

The referral, spearheaded by Rep. Anna Paulina Luna (R-FL), a fierce Trump ally, accuses Powell of lying under oath on two occasions regarding the Fed’s jaw-dropping $2.5 billion renovation of its Eccles Building headquarters in Washington, D.C. Let’s put that number in perspective: $2.5 billion is more than the cost of building brand-new NFL stadiums in Nashville or Buffalo. This isn’t pocket change—it’s a taxpayer-funded palace for unelected bureaucrats who already wield way too much control over our economy. Luna’s letter to the DOJ reveals that Powell misled the Senate Banking Committee on June 25, 2025, by downplaying lavish amenities like VIP dining rooms, premium marble, special elevators, water features, and rooftop gardens—features he flat-out denied existed. Strike one.

Then, in a letter to Office of Management and Budget Director Russell Vought, Powell allegedly misrepresented cost escalations from $1.9 billion to $2.5 billion as “minor” changes, despite evidence of significant upgrades that should’ve required new approval from the National Capital Planning Commission (NCPC). Strike two.

This is classic Fed behaviour—obfuscate, overspend, and operate above the law. The Eccles project, greenlit in 2017, was supposed to cost $1.9 billion, but “unforeseen conditions” like asbestos and a high-water table supposedly jacked up the price. Sounds like a convenient excuse for mismanagement, doesn’t it? Powell’s defence? He’s ordered a “formal watchdog probe” into the costs and insists the changes were minor and compliant with regulations. But the Fed’s own submissions to the NCPC tell a different story, detailing extravagant additions that Powell conveniently left out of his testimony. If this isn’t perjury—knowingly lying under oath, which carries up to five years in prison—then what is?

For those of us who’ve long distrusted the Fed, this is a smoking gun. The Federal Reserve isn’t just a monetary policy machine; it’s a symbol of the Deep State’s unchecked power. It prints money out of thin air, manipulates interest rates, and fuels inflation that crushes the working class—all while Powell and his cronies sip coffee in their soon-to-be-marble-clad offices. President Trump, who appointed Powell but has since called him out for keeping interest rates “ridiculously high,” has been banging this drum for years. He’s even floated firing Powell, though he recently said it’s “highly unlikely” he’d pull the trigger. Still, Trump’s frustration is spot-on: why is the Fed blowing billions on a lavish HQ while dragging its feet on rate cuts that could ease the burden on American businesses and families?

The timing here is no coincidence. With Trump and his allies like Luna and Treasury Secretary Scott Bessent pushing for a full audit of the Fed’s operations, this referral is a shot across the bow. Bessent recently told reporters the Fed needs to be “critically examined” for its effectiveness, and he’s right.. The Fed’s been hiding behind its “independence” for too long, acting like it’s untouchable while making decisions that ripple through every American’s wallet. Luna’s move, backed by whispers from congressional insiders like Bill Pulte, signals a growing revolt against this opaque institution.

The Fed’s track record of secrecy and excess demands scrutiny. Powell’s denials and his scramble to launch an internal probe only underscore how desperate he is to cover his tracks. If the DOJ takes this seriously—and with Attorney General Pam Bondi at the helm, there’s a chance it might—Powell could face real consequences.

As a finance person who sees the Fed for what it really is, I say it’s time to turn up the heat. This referral isn’t just about one man’s alleged lies: it’s about dismantling a system that’s been gaming the people for decades. Whether Powell resigns, gets prosecuted, or skates, the message is clear: the Fed’s days of operating in the shadows are numbered. Luna’s courage in calling out this nonsense deserves a nod, and if it leads to lower rates or a broader reckoning for the central bank, all the better. Keep your eyes on this one—it’s a fight worth watching.

Mass Layoffs Continue Across Big Companies

In 2025, mass layoffs are sweeping through major corporations, from tech giants like Intel, Meta, and Microsoft to legacy industries like retail, manufacturing, and finance. Over 159 companies have slashed approximately 80,000 jobs this year alone, with tech leading the charge. Years of corporate overreach, government meddling, and the looming threat of AI-driven disruption are driving this upheaval.

The Layoff Surge: What’s Happening?

The numbers are stark. Intel’s cutting up to 20% of its global workforce—around 10,000 jobs—despite pocketing over $2 billion in federal CHIPS Act funding. Microsoft axed 9,000 employees, roughly 4% of its staff, while Meta trimmed hundreds from its marketing and Reality Labs divisions. Outside tech, Disney’s shedding hundreds in film and TV marketing, Estée Lauder is slashing 5,800–7,000 jobs, and UPS is eliminating 20,000 roles, citing global trade policy shifts. Even federal agencies aren’t spared, with over 128,000 government workers laid off or targeted under the Trump administration’s push to shrink the state.

These aren’t isolated incidents. Layoffs.fyi reports that 2025 has already seen over 22,000 tech job cuts, with February alone accounting for 16,084. Retail’s been hammered too, with 64,000 jobs lost in the first four months, driven by bankruptcies at Joann Fabrics (19,000 jobs) and Party City (16,000). Manufacturing giants like General Motors and Nissan are also scaling back, with GM cutting 1,695 at its Fairfax plant and Nissan slashing 9,000 due to tariffs and slumping sales in China. Why Are These Layoffs Happening? These layoffs stem from a mix of market realities, government-induced distortions, and technological shifts that expose the rot of centralized control and corporate bloat.

The Layoff Surge: Over hiring During the Pandemic Bubble:

The early 2020s saw companies like Amazon, Meta, and Google go on hiring sprees, fuelled by cheap money and lockdown-driven demand for tech, e-commerce, and remote work solutions. With interest rates near zero, corporations binged on debt and overstaffed, expecting endless growth. Now, with demand cooling and inflation biting, they’re shedding excess. This is basic market correction—businesses bloated by artificial stimulus are now forced to tighten up. Easy-money policies from the Federal Reserve created this bubble, encouraging reckless expansion while shielding companies from real-world consequences.

The Layoff Surge: AI and Automation Disruption

A World Economic Forum survey predicts 41% of companies will cut jobs over the next five years due to AI. Firms like CNN, Dropbox, and Chegg have already cited AI as a factor, with Amazon’s CEO Andy Jassy admitting fewer humans will be needed for certain roles as generative AI takes over. Some would say that this is the free market at work—technology drives efficiency, cutting fat from overstaffed operations. But let’s not kid ourselves: the Deep State loves AI for its surveillance and control potential, and their cronies in Big Tech are all too happy to push automation while dodging accountability for the human cost. The result? Workers in customer service, marketing, and IT support are getting replaced by algorithms, and entire industries like finance and retail are seeing AI chatbots and trading systems take over.

The Layoff Surge: Tariffs and Trade Policy Shocks

The Trump administration’s reciprocal tariffs, particularly on imported vehicles and goods from China, are hitting companies like Nissan (facing a $4.5 billion loss) and UPS, which cited “global trade policy changes” for its 20,000 job cuts. Yes, folks cheer tariffs for protecting American jobs and countering China’s economic dominance, but the short-term pain is real. Tariffs raise costs, disrupt supply chains, and force some companies to downsize to stay competitive. The Deep State’s globalist agenda—pushing free trade deals that gutted U.S. manufacturing—set the stage for this correction. Trump’s policies are a pushback, and they are squeezing corporations that got cozy with cheap foreign labour and imports.

The Layoff Surge: Economic Uncertainty and Cost-Cutting:

Induced Inflation, high interest rates, and recession fears are forcing companies to prioritize profitability overgrowth. The Fed’s rate hikes in 2022–2023, aimed at curbing 40-year-high inflation, jacked up borrowing costs, hitting debt-laden tech firms hardest. Companies like CrowdStrike (5% workforce cut) and PwC (1,500 U.S. jobs) are streamlining to meet financial targets, while retailers like Big Lots cut jobs to avoid bankruptcy. From a conservative lens, this is what happens when markets are distorted by government overreach—years of low rates and stimulus bloated balance sheets, and now firms are paying the price. The Deep State’s economic mismanagement, from printing trillions to funding endless wars, has fueled this instability.

The Layoff Surge: Copycat Layoffs and Wall Street Pressure

Wall Street’s rewarding layoffs with stock bumps, as seen with Microsoft, Meta, and Alphabet hitting record highs after cuts. Stanford’s Jeffrey Pfeffer calls it “copycat layoffs”—when one tech giant downsizes, others follow to signal cost discipline to investors. This herd mentality isn’t just market-driven; it’s egged on by a financial system rigged by Deep State insiders who prioritize shareholder value over workers. Conservative finance guys see through this: corporations are cutting jobs not just for efficiency but to appease Wall Street cronies who thrive on short-term gains while Main Street suffers.

The Deep State—unelected bureaucrats, globalist elites, and their corporate allies—has a hand in this mess. For decades, they’ve pushed policies that hollowed out the American worker: free trade deals that sent jobs overseas, loose monetary policy that inflated bubbles, and now AI surveillance tech that’s replacing humans. The Federal Reserve’s money-printing spree enriched Big Tech and Wall Street while leaving companies overleveraged and workers vulnerable. The same elites cheering AI adoption are the ones cozying up to globalist institutions like the World Economic Forum, which predicts massive job losses while preaching “you’ll own nothing and be happy.” Trump’s tariffs and DOGE initiative are challenge to this system, aiming to restore American sovereignty and cut government fat. But the collateral damage—layoffs, economic uncertainty—hits hard. The Deep State’s influence lingers in corporate boardrooms, where executives mimic each other’s cuts to please investors, not to build a stronger economy. And AI, a tool for control, with Big Tech and government colluding to monitor and manipulate data under the guise of innovation. Skilled professionals are left jobless, and communities where federal agencies or tech firms dominate face unemployment spikes (e.g., Washington, D.C.’s rate could hit 9.6% from 2.8%). The answer isn’t more government handouts or Deep State bailouts—it’s unleashing free markets, cutting red tape, and letting American ingenuity thrive. Companies must stop chasing Wall Street applause and focus on long-term value. Workers, meanwhile, need to adapt to a world where AI and automation are rewriting the rules. In short, 2025’s layoffs are a reckoning—corporations correcting past excesses, markets reacting to government distortions, and technology reshaping labor. The Deep State’s fingerprints are all over the chaos, but the path forward lies in dismantling their influence, embracing market discipline, and empowering workers to navigate the storm.

Written By Tatenda Belle Panashe

Bill Pulte, the head of the Federal Housing Finance Agency, broke the silence. He stepped up as a whistleblower, exposing a major cover-up with solid evidence that contradicts Federal Reserve Chairman Jerome Powell’s sworn testimony. Now, the entire institution is under scrutiny, revealing not just its physical structure but also the deceitful culture that supports it. This scandal goes beyond Powell; it shows the Federal Reserve’s true colors as a government-like cartel. Lying to Congress isn’t just a mistake; it’s a serious federal crime. If an average citizen lied to a Senate committee, they’d face jail time. But Powell seems to escape unscathed, living in luxury while others would be punished. This glaring double standard is what former President Trump has just taken aim at.

The Federal Reserve has never really been a public entity; it operates as a private organization led by unelected individuals who lack accountability to the people. Powell’s exposure marks the beginning of a long-overdue reckoning. Trump’s message is straightforward: resign, face criminal charges, or get removed. This isn’t just for show; it’s a firm stance. The era of bankers getting away with everything is coming to an end. The economy won’t be ruled by global financiers anymore. The President is holding the Federal Reserve accountable—not out of spite, but to seek justice. For every worker burdened by inflation, every small business ruined by rising interest rates, and every citizen misled—justice is on the way.

The Fed’s $2.5 Billion Taj Mahal: A Case Study in Why We Must Abolish the Federal Reserve

We’re talking rooftop gardens, private dining rooms, governors’ elevators, and even Italian beehives. Italian beehives! While ordinary people are scraping by under crushing inflation and sky-high interest rates, the Fed’s building itself a palace on the National Mall, and they’re doing it in near secrecy. This isn’t just a renovation; it’s a monument to arrogance and a screaming case for why they must abolish the Federal Reserve once and for all. G. Edward Griffin, author of The Creature from Jekyll Island: A Second Look at the Federal Reserve, lists seven solid reasons to abolish the Federal Reserve.

The $2.5 Billion Boondoggle: A Breakdown

Let’s start with the numbers. In 2019, the Fed pegged the cost of renovating its Marriner S. Eccles and FRB-East buildings at $1.9 billion. By 2025, that figure has skyrocketed to $2.5 billion—a 30% jump. Inflation, they say. Rising steel and cement costs, they claim. But let’s cut through the fog: $2.5 billion for two buildings that house 2,500 employees works out to $1 million per employee. Compare that to the Department of Homeland Security’s $250 million renovation of 450,000 square feet for the same number of staff at the Ronald Reagan Building just down the road. The Fed’s project is ten times more expensive. For what? A “critical backlog of upgrades”? Or a gilded headquarters for an institution that’s been fleecing the American people for decades? The Eccles Building, built in 1937 for $3.4 million (about $77 million in 2025 dollars), has served the Fed for nearly 90 years. Suddenly, it’s not good enough? The Fed claims outdated systems, modern building codes, and security needs justify the cost. But planning documents from 2021, reviewed by the Senate Banking Committee, tell a different story: private dining rooms, rooftop terraces for “urban wildlife and pollinators,” ornate water features, and those infamous Italian beehives. Federal Reserve Chair Jerome Powell testified in June 2025 that there are “no VIP dining rooms, no special elevators, no water features, no beehives.” Yet the documents say otherwise. Either Powell’s misled Congress, or the Fed’s planning a bait-and-switch. Either way, the secrecy reeks of an institution that thinks it’s above accountability.

The Fed’s Financial Failure: Bleeding Red Ink

Here’s the kicker: the Fed isn’t even solvent right now. For decades, it raked in profits, sending billions to the U.S. Treasury—$97.7 billion in 2015 alone. But since 2022, it’s been hemorrhaging money: $114.6 billion in losses in 2023, $77.5 billion in 2024, and a cumulative $233 billion over three years. Why? Because Powell’s rate hikes to fight the inflation the Fed helped create have spiked the interest it pays on bank reserves, outpacing its bond earnings. The Fed’s securities portfolio is underwater to the tune of $220 billion since mid-2022, with projections of $1.5 trillion in losses over the coming years. Now, the Fed will tell you it’s not “taxpayer-funded” because it lives off its investments and bank fees. Don’t fall for it. When the Fed loses money, it stops sending profits to the Treasury, which means less revenue for public programs. That shortfall hits taxpayers indirectly. So, while in the US you’re paying 6% on your mortgage and $4 for a loaf of bread, the Fed’s burning $2.5 billion on a headquarters it can’t afford. If this isn’t a case for dismantling an institution that’s lost its way, I don’t know what is.

The Fed’s Arrogance: A Symptom of a Broken System

This $2.5 billion renovation isn’t just a bad budget decision: it’s a symptom of the Fed’s fundamental flaws. Since its creation in 1913, the Federal Reserve has operated as a quasi-private fiefdom, answerable to neither Congress nor the American people. It manipulates interest rates, prints money out of thin air, and fuels inflation that erodes your savings. Now, it’s building a $2.5 billion monument to itself while the economy groans under its policies. Senator Cynthia Lummis nailed it: “The Federal Reserve hasn’t earned a dime in years but somehow found $2.5 billion to build a modern-day Palace of Versailles. No accountability. Just arrogance.” Senator Tim Scott has called for Powell’s censure over misleading testimony, and this is taxpayer-funded excess at its worst.

Why Abolish the Fed? This $2.5 billion debacle is just the latest reason to abolish the Federal Reserve. Let’s be clear: the Fed isn’t a neutral referee; it’s a central planner that distorts markets, punishes savers, and rewards Wall Street. Its easy-money policies fueled the 2008 financial crisis and the post-COVID inflation surge. Its independence shields it from accountability, letting it spend billions on luxury headquarters while Main Street struggles. And its very existence undermines the free market principles. Abolishing the Fed would mean returning to sound money—perhaps a gold-backed currency or a ascended competition. It would force Congress to take responsibility for monetary policy, not unelected bankers. It would end the cycle of boom-and-bust economics driven by artificial interest rates. And it would stop unelected elites from building $2.5 billion palaces while the rest of us pay the price.

The Path Forward: End the Fed

This $2.5 billion travesty demands action. Abolish the Federal Reserve. It’s time to end this century-old experiment in central banking. Return to sound money and let markets, not bureaucrats, set interest rates. If the Fed won’t go quietly, Congress must force open its books. Every penny of this $2.5 billion must be accounted for. The Fed’s independence has gone too far. Congress must rein it in with audits and budget controls. Scrap the beehives, terraces, and private elevators. Build a functional office, not a palace. The Federal Reserve’s $2.5 billion headquarters rebuild is more than a waste of money; it’s a symbol of everything wrong with centralized power. While Americans struggle under the Fed’s inflation and rate hikes, it’s splurging on a Taj Mahal for unelected elites. This isn’t just bad policy—it’s a betrayal of the American people. The Fed’s time is up. It’s time to abolish this relic of 1913, restore sound money, and put economic power back in the hands of the people. Let’s demand transparency, accountability, and an end to the Federal Reserve’s reign. The future of our economy depends on it.

Written By Tatenda Belle Panashe

In the message, Powell stated that senior leadership has been asked to explore gradual ways to reduce the central bank’s workforce, which currently stands at about 24,000 nationwide. The goal is to achieve this reduction over the next couple of years through careful planning.

One part of the initiative includes a voluntary deferred resignation program for Board staff based in Washington, D.C., who would be eligible to retire at the end of 2027. The memo did not indicate that any layoffs or mandatory departures are planned.

Powell noted that it is beneficial for organizations to periodically reassess staffing and resource needs. He referenced similar actions taken in the 1990s during earlier government efficiency efforts, adding that the time is right for a renewed push in that direction.

While the memo offered few specifics on what changes might be made, Powell emphasized that any decisions would continue to support the Fed’s core responsibilities and maintain the high quality and nonpartisan nature of its work.

Although the central bank operates independently and is not funded through the congressional budget process, Powell underscored the importance of managing resources responsibly. He acknowledged that the Fed often seeks internal efficiencies during periods of broader government reform, citing both past and present initiatives as examples.

The Fed’s Inflation Lies

Last month, Jerome Powell and the Federal Reserve maintained interest rates within the range of 4.25% to 4.50% and promptly attributed the risk of inflation to President Trump’s tariffs. This is the same Federal Reserve that has been responsible for printing trillions of dollars, orchestrating bailouts for Wall Street, and sustaining near-zero interest rates for an entire decade. Now, they expect the public to accept that trade policy is the primary issue at hand. FBI Director Kash Patel says that the Federal Reserve isn’t a public government entity—it’s a private one, manipulating currency for its own gain. That needs to be stopped.

It is evident that Powell’s concerns extend beyond inflation; his focus lies on who wields control over the global economy. The reality is that inflation cannot be solely blamed on tariffs; rather, it is the result of $8 trillion in quantitative easing, the provision of free capital to the stock market, and irresponsible government spending facilitated by low-interest debt. For the past fifteen years, the Federal Reserve and the Treasury have been fuelling asset bubbles, benefiting firms like BlackRock and JPMorgan, all while real wages have remained stagnant. Their recent posturing about price stability appears disingenuous. The Federal Reserve continues to operate as an unelected cartel, prioritizing the interests of its banking partners while misleading the public and discreetly supporting the same Wall Street institutions that instigated the 2008 financial crisis.

How the Fed Cartel Engineered America’s Financial Enslavement

A significant portion of the American populace remains unaware of the origins of their current economic predicament. While many attribute the crisis to the actions of Democrats or Republicans, they overlook the true behemoth: the Federal Reserve. This unelected and seemingly unaccountable financial institution has accumulated a staggering $37 trillion in national debt, contributed to over $100 trillion in private liabilities, and has set in motion a precarious situation with $200 trillion in unfunded obligations. However, when inquiring about the Federal Reserve, the average citizen often responds with confusion. This lack of awareness is not coincidental; the system has been crafted in obscurity and continues to flourish in an environment of ignorance.

The Federal Reserve, contrary to its name, is neither a government entity nor a reserve in the traditional sense. It operates as a privately owned consortium of banks that holds the exclusive and monopolistic authority to create U.S. currency. Over a century ago, Congress relinquished its constitutional responsibility to issue money, transferring this power to what can be described as a financial cartel. This arrangement allows the issuance of “Federal Reserve Notes,” which are fundamentally debt instruments. Each dollar that enters circulation is essentially borrowed, yet the interest required for repayment is never generated, resulting in a perpetual imbalance where debt consistently surpasses the money supply. Consequently, this system effectively ensnares the nation in a carefully constructed cycle of ongoing economic subservience.

How the Fed Cartel Engineered America’s Financial Enslavement

The dollar that individuals carry is not merely a form of currency; it represents a claim on future labor. It functions as a debt instrument that inherently guarantees continued inflation. Since the establishment of the Federal Reserve in 1913, the dollar has lost more than 97% of its purchasing power. This persistent inflation is not an unforeseen consequence but rather a deliberate aspect of the system’s design. The beneficiaries of this arrangement are not the working-class Americans but rather a select elite who control the financial framework. A small coalition of mega-banks, hedge funds, and large corporations dominates this economic hierarchy.

The operational mechanism of the Federal Reserve is straightforward: it generates money from thin air, extends loans to the government at interest, and recoups those funds through taxpayer contributions, austerity measures, and inflation. In 2025 alone, the U.S. government is projected to allocate over $1 trillion solely for interest payments. These funds do not support essential services like education or healthcare; instead, they serve as tribute to financial institutions. As this occurs, wages stagnate, savings diminish, and purchasing power erodes. This scenario cannot be classified as capitalism; it more closely resembles a form of high-tech feudalism—a global plantation system where central bankers assume the role of a new aristocracy.

The Federal Reserve’s operations are fundamentally undemocratic, as neither Congress nor the President possesses the authority to direct its actions. This so-called “fourth branch of government” functions in secrecy, operating without adequate oversight. Attempts to audit the Federal Reserve have often been met with extreme resistance, raising questions about the motives behind such opposition. A comprehensive audit could potentially reveal 21,000 undisclosed transactions, trillions of dollars in preferential loans, and what could be characterized as the largest financial heist in history—not executed by traditional criminals, but by central bankers dressed in tailored suits. Despite this, a significant portion of the American public has been led to perceive the Federal Reserve as a wise and benevolent entity. In reality, it operates as a legalized cartel that primarily serves to enrich its stakeholders. Its policies disproportionately benefit large banks, incentivize reckless speculation, and stifle competition. The Federal Reserve has assumed a god-like role during crises, notably in 2008, again in 2020, and now amidst the inflationary turmoil of the 2020s. It claims to combat inflation by orchestrating recessions and job losses, suggesting that the hardships faced by the public are merely tools in their corrupt strategy to maintain economic “balance.”

Had the government opted to issue debt-free currency instead of borrowing from the Federal Reserve, the national debt could potentially stand at zero today. This approach would eliminate the necessity for the Internal Revenue Service, avert austerity measures, and prevent the current generation from burdening future generations with the consequences of today’s financial mismanagement. Historically, Thomas Jefferson cautioned that permitting private banks to control the issuance of currency would lead to a situation where “the banks and corporations that will grow up around them will deprive the people of all property.” We are witnessing the manifestation of that warning in contemporary society.

It is imperative to confront the reality of the Federal Reserve’s role in the decline of America. The institution has eroded the middle class, stifled innovation, and ensnared the nation in perpetual debt. The path forward lies in dismantling the Federal Reserve, reinstating constitutional currency, and constructing a financial system that prioritizes the needs of the populace over those of exploitative entities.

Written By Tatenda Belle Panashe

“I think we’re in a pretty good place within the economy,” Powell stated, underscoring that the central bank’s current focus is maintaining stability. He reiterated the Fed’s cautious approach toward further interest rate cuts, signaling that while the Fed isn’t in a rush to lower rates, it stands ready to take action should inflation continue to decline or the labor market show signs of weakening.

While Powell’s remarks provided a positive outlook on the economy, the testimony was not without controversy. Lawmakers, eager to address a range of pressing issues, quizzed Powell on subjects that went beyond traditional economic matters, including tariffs, the role of business magnate Elon Musk in government, and concerns about the safety of bank accounts.

Despite these questions, Powell remained focused on the economy, avoiding direct answers on the influence of trade policies or Musk’s involvement in the administration’s decision-making. On the subject of banking and consumer protections, Powell acknowledged the concerns but emphasized that the Federal Reserve continues to monitor the financial sector and is committed to ensuring that the banking system remains safe and sound.

With the political landscape still adjusting to a new administration, Powell’s testimony highlighted the balance the Fed seeks between maintaining a steady economy and responding to shifting political pressures. As the economy continues to navigate uncertain waters, Powell’s measured approach to monetary policy stands in contrast to the more immediate concerns many lawmakers are raising.

As the year progresses, all eyes will be on the Federal Reserve’s decisions regarding interest rates and the broader economic picture, with Powell’s cautious tone suggesting that the central bank will prioritize stability over rapid changes.