Loading video...

Video Failed to Load

There was a problem loading this video. This could be due to a temporary network issue or the video might be unavailable.

Jerome Powell is keeping rates at the exact same level he set them at when inflation was 6.5% under Biden. Today, inflation is 1.8% annualized since Trump took office. Interest rates are near 20 year highs and are making mortgages, credit cards, and business loans far more expensive than... show more

James Fishback

98,490 subscribers

18,421 views • 11 months ago •via X (Twitter)

News & Politics Finance

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

Trump is right about Powell. Inflation just hit a 4-year low—and it’s heading even lower. So why is Jerome Powell (Too Late!) keeping interest rates near 20-year highs? He claims he can’t cut now, but he had no issue cutting rates by 50 points right before the election when inflation was higher than it is today. Powell is not fighting inflation. He’s fighting Trump.

Trump is right about Powell. Inflation just hit a 4-year low—and it’s heading even lower. So why is Jerome Powell (Too Late!) keeping interest rates near 20-year highs? He claims he can’t cut now, but he had no issue cutting rates by 50 points right before the election when inflation was higher than it is today. Powell is not fighting inflation. He’s fighting Trump.

James Fishback

990,483 views • 1 year ago

Jerome Powell needs to lower interest rates by one full percentage point at the Fed meeting next month. Since March, he has refused to lower rates because of “tariff inflation” that has not shown up. Because he did not cut at those meetings, he is behind and needs to catch up. Doing so would deliver relief for working Americans and bring mortgage, credit card, and business loan rates down from near 20-year highs. President Trump deserves a Fed chair focused on facts and fundamentals—not politics.

Jerome Powell needs to lower interest rates by one full percentage point at the Fed meeting next month. Since March, he has refused to lower rates because of “tariff inflation” that has not shown up. Because he did not cut at those meetings, he is behind and needs to catch up. Doing so would deliver relief for working Americans and bring mortgage, credit card, and business loan rates down from near 20-year highs. President Trump deserves a Fed chair focused on facts and fundamentals—not politics.

James Fishback

23,191 views • 11 months ago

Too Late Jerome Powell is misinformed, uninformed, or chloroformed. Inflation came in better-than-expected again this morning and is now at a 4-year low, and Powell still won’t cut rates. President Trump is right: it’s time for the Fed to cut by a full point and deliver relief to Americans’ credit card bills and mortgages.

Too Late Jerome Powell is misinformed, uninformed, or chloroformed. Inflation came in better-than-expected again this morning and is now at a 4-year low, and Powell still won’t cut rates. President Trump is right: it’s time for the Fed to cut by a full point and deliver relief to Americans’ credit card bills and mortgages.

James Fishback

179,440 views • 1 year ago

The last time interest rates were this high was in December 2022, when inflation was 6.5%. Inflation today is 1.8% annualized since he took office. How on earth does it make sense to have the same level of interest rate restrictiveness when inflation is 1.8% as we did when inflation was 6.5%? These are the questions Americans demand answers to. That’s why my investment firm—Azoria—has sued Jerome Powell in federal court. He's making terrible decisions that touch every American and he's denying all of us our legal right to know how they are deliberating.

The last time interest rates were this high was in December 2022, when inflation was 6.5%. Inflation today is 1.8% annualized since he took office. How on earth does it make sense to have the same level of interest rate restrictiveness when inflation is 1.8% as we did when inflation was 6.5%? These are the questions Americans demand answers to. That’s why my investment firm—Azoria—has sued Jerome Powell in federal court. He's making terrible decisions that touch every American and he's denying all of us our legal right to know how they are deliberating.

James Fishback

73,330 views • 11 months ago

Trump is right: Powell is Too Late. * Inflation is at a 4-year low * Oil is down 15% * Powell is *still* keeping rates near 20-year highs (despite having cut them right before the 2024 election when inflation was *higher*) Powell is holding back the Golden Age. His departure can’t come soon enough.

Trump is right: Powell is Too Late. * Inflation is at a 4-year low * Oil is down 15% * Powell is still keeping rates near 20-year highs (despite having cut them right before the 2024 election when inflation was higher) Powell is holding back the Golden Age. His departure can’t come soon enough.

James Fishback

1,830,913 views • 1 year ago

"Jerome Powell is a cherry-picking panican. He selectively focuses on parts of President Trump's agenda he can exploit, hype up, and say, 'Here’s all the bad that’s coming.' We’ve had five straight months of inflation data—all better and lower than expected. It’s time for Powell to do the right thing and cut rates. Mortgage rates are too high. Credit card rates are too high. We don’t need interest rates near 20-year highs with inflation at a 4-year low." Great conversation with my friend Charles V Payne

"Jerome Powell is a cherry-picking panican. He selectively focuses on parts of President Trump's agenda he can exploit, hype up, and say, 'Here’s all the bad that’s coming.' We’ve had five straight months of inflation data—all better and lower than expected. It’s time for Powell to do the right thing and cut rates. Mortgage rates are too high. Credit card rates are too high. We don’t need interest rates near 20-year highs with inflation at a 4-year low." Great conversation with my friend Charles V Payne

James Fishback

208,294 views • 11 months ago

Jerome Powell still believes that President Trump's strategic tariffs will cause sustained inflation. Instead of lowering interest rates because inflation is now at a four-year-low, Powell would rather keep rates near 20 year highs because tariffs *might* be inflationary at *some point* in the future. Being wishy washy is no way to run the United States Federal Reserve. Real people are hurting because of the Fed's high rates.

Jerome Powell still believes that President Trump's strategic tariffs will cause sustained inflation. Instead of lowering interest rates because inflation is now at a four-year-low, Powell would rather keep rates near 20 year highs because tariffs might be inflationary at some point in the future. Being wishy washy is no way to run the United States Federal Reserve. Real people are hurting because of the Fed's high rates.

James Fishback

51,498 views • 11 months ago

There's an 80% probability of an interest rate cut from Jerome Powell next month, but he should cut by more than just 0.25%. Why? Since President Trump took office inflation has annualized just 1.9%. When @Pulte says that the Fed is hallucinating about the data, he's right.

There's an 80% probability of an interest rate cut from Jerome Powell next month, but he should cut by more than just 0.25%. Why? Since President Trump took office inflation has annualized just 1.9%. When @Pulte says that the Fed is hallucinating about the data, he's right.

James Fishback

91,458 views • 11 months ago

Since President Trump took office, headline CPI inflation has been running at 1.8% annualized, and we have 4.5% rates. The last time rates were this high, we had 6.5% inflation. It doesn’t make any sense. Everywhere I travel in my home state of Florida, folks are stopping me—and their number one or number two concern is: why on earth is Jerome Powell so obstinate? My conversation with annmarie hordern and Lisa Abramowicz on Bloomberg

Since President Trump took office, headline CPI inflation has been running at 1.8% annualized, and we have 4.5% rates. The last time rates were this high, we had 6.5% inflation. It doesn’t make any sense. Everywhere I travel in my home state of Florida, folks are stopping me—and their number one or number two concern is: why on earth is Jerome Powell so obstinate? My conversation with annmarie hordern and Lisa Abramowicz on Bloomberg

James Fishback

28,009 views • 11 months ago

My challenge to Fed Chair Jerome Powell: If you’re not sabotaging President Trump by keeping interest rates near 20-year highs while inflation is 2%, then don’t have a closed-door meeting to decide interest rates later this month like you always do. Livestream the full July 30th Fed meeting where you'll decide whether or not to finally lower rates and deliver relief for American families. If you’re not political, let the American people see what’s really driving your decisions.

My challenge to Fed Chair Jerome Powell: If you’re not sabotaging President Trump by keeping interest rates near 20-year highs while inflation is 2%, then don’t have a closed-door meeting to decide interest rates later this month like you always do. Livestream the full July 30th Fed meeting where you'll decide whether or not to finally lower rates and deliver relief for American families. If you’re not political, let the American people see what’s really driving your decisions.

James Fishback

494,396 views • 1 year ago

Yesterday, Jerome Powell refused to guarantee a rate cut in December—meaning no relief on mortgages or credit cards for Americans. But he had no problem guaranteeing a rate cut in August 2024 to rig the election for Kamala Harris. President Trump has largely defeated inflation, bringing CPI to 1.9% since taking office—below the Fed’s 2% target. So why are interest rates still near 20-year highs? There’s only one reason: Powell doesn’t want to help President Trump. He doesn’t want to help the Golden Age. Powell's stubborn recalcitrance is hurting American families.

Yesterday, Jerome Powell refused to guarantee a rate cut in December—meaning no relief on mortgages or credit cards for Americans. But he had no problem guaranteeing a rate cut in August 2024 to rig the election for Kamala Harris. President Trump has largely defeated inflation, bringing CPI to 1.9% since taking office—below the Fed’s 2% target. So why are interest rates still near 20-year highs? There’s only one reason: Powell doesn’t want to help President Trump. He doesn’t want to help the Golden Age. Powell's stubborn recalcitrance is hurting American families.

James Fishback

178,997 views • 8 months ago

The data is clear, Donald Trump has inflation under control. But Jerome Powell is costing this county hundreds of BILLIONS of dollars every year by refusing to cut rates—and working families are paying the price. He should do the right thing and resign.

The data is clear, Donald Trump has inflation under control. But Jerome Powell is costing this county hundreds of BILLIONS of dollars every year by refusing to cut rates—and working families are paying the price. He should do the right thing and resign.

Bernie Moreno

78,160 views • 1 year ago

🇺🇸 FED CHAIR SUED: POWELL ACCUSED OF SABOTAGING TRUMP ECONOMY Jerome Powell is being sued for allegedly violating transparency law and using sky-high interest rates to undercut Trump’s economic comeback. The lawsuit demands that next week's Fed meeting not happen behind closed doors. Plaintiffs argue the Fed is defying data, inflation is at a 4-year low, just to kneecap Trump. Source: Fox News, James Fishback, Eric Daugherty

🇺🇸 FED CHAIR SUED: POWELL ACCUSED OF SABOTAGING TRUMP ECONOMY Jerome Powell is being sued for allegedly violating transparency law and using sky-high interest rates to undercut Trump’s economic comeback. The lawsuit demands that next week's Fed meeting not happen behind closed doors. Plaintiffs argue the Fed is defying data, inflation is at a 4-year low, just to kneecap Trump. Source: Fox News, James Fishback, Eric Daugherty

Mario Nawfal

83,971 views • 11 months ago

Jerome Powell's Fed has been flying *BLIND* since President Trump took office. *Blind to the fact that tariff inflation was never real. *Blind to the fact that President Trump created 1.9 million jobs for native-born workers. *Blind to the fact that third-quarter GDP is tracking 4% and that second-quarter GDP was revised up twice to 3.8%. No more excuses: The Fed must lower interest rates. Americans are hurting. They can’t afford mortgages. They can’t afford loans. They can’t contribute to President Trump’s Golden Age while Jerome Powell stands in the way.

Jerome Powell's Fed has been flying BLIND since President Trump took office. Blind to the fact that tariff inflation was never real. Blind to the fact that President Trump created 1.9 million jobs for native-born workers. *Blind to the fact that third-quarter GDP is tracking 4% and that second-quarter GDP was revised up twice to 3.8%. No more excuses: The Fed must lower interest rates. Americans are hurting. They can’t afford mortgages. They can’t afford loans. They can’t contribute to President Trump’s Golden Age while Jerome Powell stands in the way.

James Fishback

24,920 views • 9 months ago

🔥 Jerome Powell just got cooked in Congress — and Maxine Waters made a fool of herself trying to defend him. In this clip, Fed Chair Powell is grilled over why he STILL hasn’t cut interest rates, despite inflation slowing and the economy cooling. His excuse? Trump’s tariffs might raise inflation soon. 🙄 📉 But Congressman Lawler brought receipts: 🔹 In 2018, under the exact same circumstances, Powell did lower rates. 🔹 So what’s different now? Oh right — TDS: Trump Derangement Syndrome. Powell claims he’s not political, but his record says otherwise. He refused to raise rates when Biden printed $5 trillion… Now he refuses to cut them because he’s afraid it might help Trump?! This isn’t monetary policy — it’s election interference in disguise. 🤡 Meanwhile, Maxine Waters spent her time praising Powell for standing up to Trump instead of asking anything useful. This is political theater at our expense. Enough is enough. ❓Do You Think Jerome Powell Needs To Resign Or Should Trump FIRE Him? Let Me Know In The Comments #TDS #JeromePowell #Trump2024 #MaxineWaters #FederalReserve #InterestRates #Inflation #MAGA #EconomicSabotage #AuditTheFed

🔥 Jerome Powell just got cooked in Congress — and Maxine Waters made a fool of herself trying to defend him. In this clip, Fed Chair Powell is grilled over why he STILL hasn’t cut interest rates, despite inflation slowing and the economy cooling. His excuse? Trump’s tariffs might raise inflation soon. 🙄 📉 But Congressman Lawler brought receipts: 🔹 In 2018, under the exact same circumstances, Powell did lower rates. 🔹 So what’s different now? Oh right — TDS: Trump Derangement Syndrome. Powell claims he’s not political, but his record says otherwise. He refused to raise rates when Biden printed $5 trillion… Now he refuses to cut them because he’s afraid it might help Trump?! This isn’t monetary policy — it’s election interference in disguise. 🤡 Meanwhile, Maxine Waters spent her time praising Powell for standing up to Trump instead of asking anything useful. This is political theater at our expense. Enough is enough. ❓Do You Think Jerome Powell Needs To Resign Or Should Trump FIRE Him? Let Me Know In The Comments #TDS #JeromePowell #Trump2024 #MaxineWaters #FederalReserve #InterestRates #Inflation #MAGA #EconomicSabotage #AuditTheFed

Project Constitution

48,177 views • 1 year ago

Kevin Warsh just ended his first ever FOMC meeting as Fed chair. His message to markets: "I can't give you any guidance on what we're going to do next." Here is what he said: 1. Inflation is still way above the Fed's 2% target and prices are too high for most people 2. "We will fix five years of misses on inflation", he is directly saying the previous Fed failed 3. The Fed will no longer tell you in advance what it plans to do with interest rates 4. He watches stock market prices more than anything else when making decisions 5. Interest rates are hurting the housing market but are not slowing down financial markets 6. All 19 members at the table agreed not to raise rates today 7. The 2% inflation target is not changing 8. He refused to say whether bond yields rising after today's decision concerns him 9. He refused to say whether he has spoken to Trump since becoming Fed chair Under Powell, the Fed always told markets what was coming next. Under Warsh, that is gone.

Kevin Warsh just ended his first ever FOMC meeting as Fed chair. His message to markets: "I can't give you any guidance on what we're going to do next." Here is what he said: 1. Inflation is still way above the Fed's 2% target and prices are too high for most people 2. "We will fix five years of misses on inflation", he is directly saying the previous Fed failed 3. The Fed will no longer tell you in advance what it plans to do with interest rates 4. He watches stock market prices more than anything else when making decisions 5. Interest rates are hurting the housing market but are not slowing down financial markets 6. All 19 members at the table agreed not to raise rates today 7. The 2% inflation target is not changing 8. He refused to say whether bond yields rising after today's decision concerns him 9. He refused to say whether he has spoken to Trump since becoming Fed chair Under Powell, the Fed always told markets what was coming next. Under Warsh, that is gone.

Bull Theory

1,010,537 views • 29 days ago

Jerome Powell’s refusal to lower interest rates is hurting Americans everywhere. Families can’t get a mortgage. They can’t buy a home. They can’t start or grow their family. That’s why my investment firm sued Powell in federal court on Thursday. We’re asking a D.C. federal judge to force the Fed to open next week’s meeting to the public—as federal transparency law requires. Americans deserve to know why the Fed is ignoring five straight better-than-expected inflation reports and keeping rates at near 20-year highs.

Jerome Powell’s refusal to lower interest rates is hurting Americans everywhere. Families can’t get a mortgage. They can’t buy a home. They can’t start or grow their family. That’s why my investment firm sued Powell in federal court on Thursday. We’re asking a D.C. federal judge to force the Fed to open next week’s meeting to the public—as federal transparency law requires. Americans deserve to know why the Fed is ignoring five straight better-than-expected inflation reports and keeping rates at near 20-year highs.

James Fishback

23,596 views • 11 months ago

Jerome Powell's high interest rates mean high mortgage rates, which means homeownership is out of reach, which means couples delay marriage and having children all because the Fed refuses to lower interest rates. The last time rates were this high, inflation was 6.5%. Today, inflation is 1.9%. Why haven’t rates come down? When my dad was growing up in the 1960s, 50% of 30-year-olds were married *and* owned a home. Today, only 15% are married and own a home. That’s the most important—and the most depressing—economic statistic in America.

Jerome Powell's high interest rates mean high mortgage rates, which means homeownership is out of reach, which means couples delay marriage and having children all because the Fed refuses to lower interest rates. The last time rates were this high, inflation was 6.5%. Today, inflation is 1.9%. Why haven’t rates come down? When my dad was growing up in the 1960s, 50% of 30-year-olds were married and owned a home. Today, only 15% are married and own a home. That’s the most important—and the most depressing—economic statistic in America.

James Fishback

22,106 views • 10 months ago

I think the Fed will cut by 0.25% later this month, but that's too little, too late. They should have cut in March, May, June, and July. At least 0.25% at each of those four meetings. I wouldn’t be satisfied with anything less than a full percentage point cut when they meet on Sep 16-17. The truth is that since President Trump took office in January, CPI inflation has been 1.9% annualized. Under any other president, the Fed would be cutting aggressively given how far inflation has fallen. But because it’s a guy named "Trump," and because they’ve spread panic over tariffs, they refuse to do the right thing—and homeowners and business owners are paying the price with these high rates.

I think the Fed will cut by 0.25% later this month, but that's too little, too late. They should have cut in March, May, June, and July. At least 0.25% at each of those four meetings. I wouldn’t be satisfied with anything less than a full percentage point cut when they meet on Sep 16-17. The truth is that since President Trump took office in January, CPI inflation has been 1.9% annualized. Under any other president, the Fed would be cutting aggressively given how far inflation has fallen. But because it’s a guy named "Trump," and because they’ve spread panic over tariffs, they refuse to do the right thing—and homeowners and business owners are paying the price with these high rates.

James Fishback

18,213 views • 10 months ago

Jerome Powell misread inflation under Joe Biden, and he's misreading it now under President Trump. 1) During the Biden administration, when Tennesseans were struggling with skyrocketing Bidenflation, the Fed Chair claimed inflation was just "TRANSITORY," a short-term pain. 2) It turned out to be the opposite, and Americans are still suffering from Biden's HISTORIC 9% inflation. 3) Fast forward to today: President Trump has already brought inflation DOWN to 2.7%, yet Chairman Powell's refusal to lower interest rates is hurting American taxpayers and consumers.

Jerome Powell misread inflation under Joe Biden, and he's misreading it now under President Trump. 1) During the Biden administration, when Tennesseans were struggling with skyrocketing Bidenflation, the Fed Chair claimed inflation was just "TRANSITORY," a short-term pain. 2) It turned out to be the opposite, and Americans are still suffering from Biden's HISTORIC 9% inflation. 3) Fast forward to today: President Trump has already brought inflation DOWN to 2.7%, yet Chairman Powell's refusal to lower interest rates is hurting American taxpayers and consumers.

Congressman John Rose

37,027 views • 6 months ago