White House Trade and Manufacturing Advisor Peter Navarro talks about how the Fed monetary position is lagging with the intent of Trump’s MAGAnomic policy. In the short review, Chairman Jerome Powell is approximately 0.50% in rate cuts behind the growth plan of President Trump.
Peter Navarro notes this disconnect is politically motivated when viewed through the window of hindsight. Navarro is correct. CTH has been outlining this economic policy and monetary policy disconnect, specifically as it pertains to President Trump’s Main Street focused agenda, for almost a decade {GO DEEP}.
Additionally, in many ways the Trump tariffs are the reverse of decades of ‘exfiltration’ of American wealth. Just as there was a shift when the value of the Wall Street economy surpassed the value of the U.S. Main Street economy, the politicians began responding to their new donors, so too is the Fed reluctant in reverse focus and advance the agenda of Main Street. WATCH:
Here’s the key – The DC challenges are not overwhelming when you take a non-traditional approach toward finding solutions.
Consider the issue of SSI supplemental benefits and budgets. Yes, from the traditional perspective the financial drain on the system can collapse the federal budget. However, if we double the size of the economy and/or modify import tariffs, we can increase tax revenue and resolve the SSI budget problem. The problem for DC is that no one knows how to double the economy or leverage tariffs to expand the domestic pie. President Trump does.
Again, we mistakenly view our problems through the prism of how they were created.
This paralysis by analysis is emphasized by tradition, by DC punditry and by the media complex who exist to talk about the problems. But thankfully, President Trump views our problems through the prism of how to solve them. President Trump doesn’t look backward, he looks forward; it is a very unique and effective approach.
We look at the problem as if we individually are given an elephant to eat. President Trump looks at the problem as if there needs to be more of us with forks. It is, essentially, the feed a man a fish or teach a man to fish conversation. Which one creates the larger economic pie?
Despite the naysayers, backbiters and backseat drivers, we must continually remind ourselves that Trump’s optimal solution approach works. We have the history of the Trump Doctrine (2017 through 2020) to review as a reminder. It just works.
Un-Federal Reserve: Federally Charted private bank
“I excluded the members of the Federal Reserve Board because that problem was created by Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.” Charley Reese
545 vs. 300,000,000 People
https://t2conline.com/545-vs-300000000-people/
The creature from Jekyll Island.
A lot of the original groups behind that and their successors still meet regularly at Sea Island. They continue to plot on how to regain control since DeSantis’s Presidential run crashed and burned.
Fabulous book, but tough read for the faint of heart.
We would all love to see Trump start floating the idea of repealing the Federal Reserve Act in the same fashion as the idea of the 51st state or privatizing Gaza.
Ty dear Bet
The Creature From Jekyll Island (by G. Edward Griffin)
Looking forward to this, dear you 👍🏻
Something which has always left me with a lot of these above my head…
? ? ? ? ? ? ? ? ? ? !!!
Of all the savvy economists and/or knowledgeable finance whizzes, why did President Trump choose a LAWYER for Fed Chair.
I’ve asked this on quite a few occasions but have never received an answer, or at least one that makes any sense to me.
And second, who advised him in his first term to select Powell…
I think we’d find the answer to that one intriguing and probably damning.
I think President Trump mentioned (maybe a week or two ago) that Steve Mnuchin recommended Powell.
Thank you, Stillwater.
I don’t know what to make of that…
🙂
Or maybe I do 😎
The Wizard is behind the curtain. Some of you think it is the “Creature from Jekyll Island”. Satan likes us to focus on the mirage. What is the root cause that we are dealing with solving?
The root cause is Congress spending more than it takes in with taxes. Solve the root cause.
Other people’s money is always easier to spend.
‘Satan likes us to focus on the mirage.’
And so it is across the board now, with all the focus on the noisy theater and actors rather than the tectonics underpinning the sinking.
‘The root cause is Congress spending more than it takes in with taxes.’
Some suggest that this is not the root cause, but rather a mid-level cause in the root cause chain: Political self-dealing and greed exploited by a vastly more powerful force behind the curtain “nudging” this and other exploitable mid-level conditions to sink the US axis as part of the geopolitical shift raising the multi-polar order headed by China. (The root cause: China’s 100 Year Plan.)
In this view, there are multiple such “nudgings” continuing over the last decades, influencing movements by large self-dealing groups sinking the US, including:
Climate Canard.
Bioterror > modRNA, sa-modRNA (Replicons) coerced biowarfare democide.
DIE Marxism.
Immigration flood.
Military weaponry depletion.
There is only one entity with the means to do such “nudging”, as an agent of the 100 Year Plan. Zoom in and pan around, see if you can spot it:
Zip code 22101
‘Satan likes us to focus on the mirage.’
And so it is across the board now, with all the focus on the noisy theater and actors rather than the tectonics underpinning the sinking.
‘The root cause is Congress spending more than it takes in with taxes.’
Some suggest that this is not the root cause, but rather a mid-level cause in the root cause chain: Political self-dealing and greed exploited by a vastly more powerful force behind the curtain “nudging” this and other exploitable mid-level conditions to sink the US axis as part of the geopolitical shift raising the multi-polar order headed by China. (The root cause: China’s 100 Year Plan.)
In this view, there are multiple such “nudgings” continuing over the last decades, influencing movements by large self-dealing groups sinking the US, including:
Climate Canard.
Bioterror > modRNA, sa-modRNA (Replicons) coerced biowarfare democide.
DIE Marxism.
Immigration flood.
Military weaponry depletion.
Some would say there is only one entity with the means to do such “nudging”, as an agent of the 100 Year Plan. See if you can spot it:
22101
The bioterror nudging continues, one of many examples:
https://www.zerohedge.com/covid-19/doctor-faces-35-years-prison-issuing-covid-19-cards-no-vax-patients
I would love to see the names of each of the faces in the photo.
I was very disappointed there were none.
Excellent article. Thank you.
That article says it all!
I read it a few years back and never
bookmarked it. Now I have!
Thanks!
Charley is one of my 5 fav populist writers
I understand that there are “Federal Reserves” in many other countries (except Russia)??
And, once again, this article and video demonstrates why the Fed must end. The legislature voted for the creation of the Fed in order to cater to the ultra-wealthy and not the 99.999% of us.
The Fed was created for precisely these unfair policies and to allow the legislatures escape responsibility for their creation. To be clear, the legislatures still control it, but, informally and outside the requirements of the representative republic. That is, We the People cannot pressure the politicians to change the interest rates because it is a private corporation. That is one of many examples. I can go one forever about the insane debt that the Fed’s play an integral part.
The responsibilities must be returned to our represenatives and taken away from the filthy rich. The Fed must end and it must end now.
Congress only creates the “illusion” of control. The reality is they have none.
Was the creation of the constitutional or not?
I am no lawyer. I will begin with that you know my perspective.
The Constitution creates the structure of our government. It gives power to our legislators and the Constitution gives us power to vote them in or out. These representatives have governmental powers invested by the Constitution and we decide who sits in those chambers.
The representatives are not allowed to give, vote, or use any other means to put any of these powers outside of the government structure, that is, outside the Constitution, that is, outside the accountability of We the People.
This is illegal as hell.
Just like our representatives cannot give power to outside organizations, like the WHO, during an emergency , like a pandemic, our borders to the UN, etc.
Treaties were not made to weaken the power of We the People and elites have been chipping away at our power for a long time using a variety of feel good excuses and emergencies
The time of trust has come to an abrupt end.
And in other countries, there is no such thing as interest rate on money. I can think of a few, ROK being one.
I’m not 100% sold on this premise. Guys like Luongo seem to think that Bessent (and by extension, Trump) and Powell are mostly on the same page, and that Powell is in a monetary policy duel with the financial overlords and governments of Europe to bring the entirety of USD market control to the United States. This would end their control of pricing dollars (via interest rates like LIBOR) and the “cut” they get from that at our expense. Although this does come at a price, as accurately described by Sundance, I’m not sure it’s politically motivated.
My opinion is that the Fed incorrectly used Demand Destruction policies to curb Biden’s inflation, which was actually a Supply Scarcity problem brought on by the pandemic response POLICY.
Inflation occurred because of out of control money creation through federal spending on non-growth services. The greens got lots of cash, the debt got larger, and the “growth” in green energy & electric vehicles were designed to replace not expand. Regulations were outlawing fossil fuels through emission controls, which caused energy prices to soar because of the scarce remaining suppliers. The expected solar buildout never happened because of supply chain issues created by shutting down transportation as a Covid response (not because young workers were actually sick, but because policies sent them home). Raising interest rates cools demand for capital expenditures, which slows business and slows hyperinflation.
Trump has correctly assessed that the inflation was NOT due to business expansion. Therefore interest rates need to be lowered to create capital growth, in REAL things, real expansion, not just regulating things out of existence to incent replacements. This is the Fed’s flaw in perspectives.
I wonder who appointed Powell to the job in the first place?
You know it was Trump. And Bidumb reappointed him.
Powell was recommended to President Trump like some of his other cabinet picks in his first term by those who wanted to insure he was sabotaged.
Thanks for calling out the troll! 😉
The good old boys club. Check his college and there you may find an answer.
In order to be a free and independent republic, the Federal Reserve must be disestablished.
As well as every member of Congress who supports it.
Ending the Fed does not take a Constitutional Amendment like getting rid of the income tax or repealing the 17th Amendment would
The Tea Party vs. the Federal Reserve
https://thenewamerican.com/us/politics/the-tea-party-vs-the-federal-reserve/
So, when speaking about APPLE, he asked what is wrong with the “great American company” building/moving from China to India?
“Powell is a lawyer….not an economist”
😳 🥴 😳
Powell shouldn’t have ever been hired in the first place. He is a political hack who should be forced to step down!!💁🏻♀️
What happened to them investigating him? Saw a quick news flash and then nothing.
Epstein’s non-list?
Cramer is simply insufferable.
No credibility
I watched the earlier posted interview with Sec. Bessent. 25 years ago I’d get up around 4-4:30 AM for work and enjoyed the back and forth with Joe, Becky, and I think Andrew was even around then.
No way could I listen to Cramer for 2, let alone 12 minutes!
Washington, Inc., considers budgeting and the economy a zero sum game. Trump and Team Wolverine do not. They believe they can grow their way out. Considering Washington, Inc has been wrong my entire lifetime, and the previous term of Trump did exactly what they said, my money is on Team Wolverine
I will never forget an interview with Peter Navarro (around 2016-17, which I’ve been unable to find here) where he said he was not a big fan of tariffs but was willing to see President Trump’s plan go forward. As the plan went forward and Peter saw that it indeed was working he became a stalwart defender of President Trump’s use of tariffs.
He continues to this day to defend and fight for President Trump’s economic plans even to the point of being arrested and doing prison time for his loyalty.
If I was alone in a dark alley outnumbered by goons there is no other person I’d want at my back.
A man who doesn’t just talk the talk, he walks the walk. GO Peter GO!!
This stuff is above my head if I am completely honest. Is there anything there that will help find a better job to pay bills other than the hourly one I have to do now because real white collar jobs barely exist any longer? Or help me one day retire as I am already pulling $ out of my retirement account to live. Anything in there that will let me keep my house and not have to take a 2nd mortgage out on it?
All over the internet are people dancing around with their carts full of thousands of dollars in EBT and SNAP benefits…laughing at us tax payers for being suckers. Anyone seen these? Infuriating………
Agree completely!
Understand your dilemma. I am downsizing everything and coming out of retirement to just have fun. May get a job for fun to kill some time. Piss on SS, will be 80 before I can think of it.
Tariffs were around before the IRS and the Federal Reserve. I’ll state a question that is not hard to answer: Was the great depression the result of America’s tariffs? If so, then why didn’t the Federal Reserve and the IRS quickly solve the problem? Screw economists, trust astute and frugal businessmen. Just sayin’.
Always enjoy listening to Peter Navarro, also it’s nice to see grownups in the room, of the administration.
On one point that was brought up, Jerome Powell isn’t the sole decision maker on what the Federal Reserve does or doesn’t do, so am curious if the majority is going to finally step up to the plate and overrule Powell’s decision to not lower rates, for the good of the country, the citizens.
If not, will there be a move in Congress to, if not eliminated the Federal Reserve, re-write the law that governs their actions?
When we had TV, (prior to 2003), I was not too impressed with Cramer. Still not.
Speaking about “Teaching a man to fish” …
What if El Salvador’s President Bukele expanded his prison system to take in, rehab & vocationally-train our non-violent criminals … as a feeder system for Re-Industrializing the USA?
—> In return for reduced sentences
—> With the following incentives for the first 3 years following release:
• Monthly bonuses for Continuous Employment
• Quarterly bonuses for Taxes Paid
• Annual bonuses for Zero Recidivism (No Charges)
—> Imagine the Self-Funding MULTIPLIER from the combined contributions, savings and cost-avoidance.
[Pure spitballing on the “principles” – leave the specifics for later]
Then what if we developed similar incentives for USA Prisons and their Staff?
If we don’t MASSIVELY increase both the Capabilities and Capacity of our “Trades” Workforce, we’ll NEVER Re-Industrialize the USA at scale and in time to M🇺🇸A🇺🇸G🇺🇸A!
https://x.com/nayibbukele/status/1941206457598476321
That was very interesting and quite educational. Unfortunately far too few people will see and therefore understand theses issues.
I love Peter, his work and what he stands for. A real pro-America person. God bless him.
So Trump replaced Yellen because she wouldn’t raise interest rates with Powell because he correctly understood that doing so would weaken the dollar. Wall Street soars while Main Street pays the price.
(Trump’s words, not mine btw)
But now we want to replace Powell for doing the job he was specifically tasked with doing…
Seems to me we’re just banking on the idea we can falsely inflate the economy by again injecting tons of government funny money like 2016-2020. While whining about the interest payments on the debt created. So we can then blame the next guy for it.
I remember not so long ago when everyone understood this was just a bad idea.
I like Peter Navarro. He’s a good spokesman for the president. But he leaves out a very critical point in history.
President Trump closed down the largest, most dynamic economy in the world in 2020. It cost $trillions in ACTIVITY, not growth, ACTIVITY. In order to fill that gap, Powell had to CREATE $trillions.
That is the fiscal hangover the Fed, which only has control over monetary policy, is dealing with.
And then the Biden junta was installed, and added $8.3 trillion to the national debt. That FISCAL extravagance, which the Fed has no control over, Powell criticized every step of the way.
Despite the 4-year nightmare of PaleFeathers Warren being in charge of fiscal policy under Biden, Powell SHRANK the Fed balance sheet by $700 billion. A heroic achievement that did not send the economy into a recession.
I still maintain that Trump’s best pick in his first administration was Jerome Powell. Trump is a real estate developer, which is all about leverage and low interest rates. We all want low interest rates, yet the conventional wisdom is the Fed has created all this money. No, it hasn’t. It was predominantly driven by lousy fiscal management. That’s the world we live in.
The other world we live in is internationally, and Powell has done yeoman’s work extracting the U.S. from the evil grips of the City of London and the ECB. By keeping rates high, he has purposely devastated the balance sheets of our enemies who have kept their interest rates artificially low. Capital is flowing to the U.S. Treasury market, and the auctions for new bonds have been highly successful in 2025 DESPITE $8 trillion dollar of debt that rolls over this year. For the first time in our nation’s history, we have a chance to truly gain monetary independence. Powell has planned and executed this with the help of Atlanta Fed’s Williams the past 8 years. He has positioned Trump’s Treasury Dept. (and Bessent is 100% on board) to expand the US Treasury markets to neuter the BOE and ECB manipulation of America’s interest rates.
So, when Trump started browbeating Powell about cutting rates, with all this background in his mind, probably told DJT in June, “Why don’t you put some wins on the board, and then I’ll cut rates.” Well, DJT won a 12-day war, brokered peace in Africa, got the OBBB passed, and is delivering real revenues to Treasury with tariffs. Powell will cut rates 3-4 times before year-end, probably starting in July.
“… the Fed, which only has control over monetary policy…” Incorrect, it has a triple mission. Do a little legwork and research it.
In reality, this was Reagan’s solution 45 years ago. Grow your way to solve economic troubles. Don’t “cut your way to prosperity”. The very phrase mocks itself. And we had the Soviet Union to deal with back then. They ultimately proved to be a paper tiger in the end. Today we have China. Same world, 50 years later. Different players.