White House National Economic Council Director Kevin Hassett appears on Fox News to outline some of the background details of the Big Beautiful Bill. Interestingly, after happy Hassett outlines the specifics of the benefits within the bill, he dodges a question about possibly becoming the next Fed Chairman. 🤔… A Happy Fed Chair?
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We need the BBB so Trump can start rescinding it.
BBB.
Better Business Bureau.
Build Back Better.
Big Beautiful Bill.
Hmmm….
Big Bill Broonzy
🤔 A happy Fed Chair? Yes please!!! 😁😁😁😁.
A happy Fed Chair who would actually know what he’s doing…
That would make a change.
I get the feeling it wont be Timothy (oops! I forgot to pay my taxes ) Geithner.
Blast from the past. LOL
Hassett is such a “treasure”…how do you not like that happy smile.
The fed has no idea what it is doing.
Powell lowered rates to try and get Harris to win. Seems like Powell wants the economy to tank to spite President Trump. He has to be a Democrat as he is always frowning.
They’re all Democrats once they get in!
He’s a PDJT hater – the labels matter not.
They did for Biden to help his $hitty economy also.
Or, the fed knows exactly what it’s doing.
They know exactly what they are doing. The Fed’s senior leadership, governing board etc. all the way down to the low level economists are overwhelmingly Democrats. Check out Table 2 of the paper in the link. This person did considerable homework.
https://www.independent.org/article/2022/03/08/political-affiliations-of-federal-reserve-economists/
The fed knows exactly what it’s doing in helping the WEF achieve its goal of more and more Americans owning nothing, while keeping their boot on the brake of the Trump economy.
It’s a win win for Satan Klaus Schwab and his evil elves.
Don’t kid yourself …. the FED is composed of BANKERS … not know nothing economists.
They exactly know the impacts of the actions they may or may not take.
We are not owned and managed by idiots like they would like for us to beleive.
Joe Biden et al are there to give that impression
The actual people running them are cold blooded killers
You and my children’s progeny are nothing more than debt slaves until something changes
Correct.
Thanks to the 14th Amendment to what sounds like The Constitutionof the United States of America but is actually the corporate charter for “the” United States of America (Inc), a British Crown Corporation. As such,(British Territorial) U.S. citizens are indentured servants, and citizens of the United States are debt slaves, human trafficked from the land and soil jurisdiction to the sea jurisdiction. Their birthrights as American nationals were stolen under conditions of fraud and deceit when they were still babies in their cradles.
The “something” that needs changing is for them to return home from the sea and reclaim their lawful status as Americans. The fraud has been ongoing for more that 160 years; it’s time to finally rid ourselves of the British King and his Crown corporation. The SOB isn’t even English!
The American States Assemblies
Cold blooded killers in custom tailored suits…
We need to get Powell out of the fed. A drop in interest rates would supercharge the economy. The entire housing market would likely transition from the current Blackrock/globalist control to affordable middle class buyers again. Let’s see what happens with 2.8% home mortgages again.
Been waiting forever to refinance….
Not to mention the savings on the debt helping balance the books! Powell standing firm on rates just looks partisan at this point. Wonder if he votes Democrat?
He probably just votes bush
Need to get rid of the fed altogerher
… the FED knows exactly what they are doing! Trying to screw with the American People, Trump and MAGA!
I agree put “happy face” Kevin Hassett as head of the FED … how does it happen? You guys might have to educate me, does it go before congress, or can Trump wave his Wand , and sign something with a legit pen (no auto-pen).
This may be one way to ease Powell out:
https://nypost.com/2025/06/30/business/jerome-powell-accused-of-lying-to-congress-over-2-5b-palace-of-versailles-hq-revamp/
That’s TAR & FEATHER worthy. Powell is an absolute scumbag.
Meanwhile the Fed rakes in tremendous profits (via interest rates) for its private, unknown/secret owners.
INTEREST Rates … and ….
ROI on the FEDERAL Bonds they broker to their Banker buddies.
ROI on the value of the BANKING and FINANCE Businesses … traded on International Exchanges.
ROI on the new set of FED bonds needed to fund the BBB.
ROI on a the stuff these huge banks can do as the US Central Bank and members of the BIS.
I’m hoping someone on this site can answer my question: When President Trump signs this bill on July 4, does it take effect at that time? For example, when are taxes on tips done away with? Taxes on Overtime? Do the provisions in this bill take effect immediately or do we have to wait until January, 2026? Thank you.
If bill passes as currently written…
Tax benefits are actually retroactive to January 1, 2025!
WOW! Thank you.
I appreciate your WORKZ. and I mean that.
God Bless America
“JUST IN – Treasury Secretary SCOTT BESSENT on potentially becoming the Federal Reserve chairman next: “I will do what the president wants.”
Powell would be tripping over himself to lower interest rates multiple times now if Kamala Harris was President and everyone knows it!
I wish DJT would just fire him. He clearly loathes trump (anyone see the James O’Keefe video of the Fed person saying how much they ALLL hate trump and the Powell is purposefully doing things to hurt his administration?) and will not resign. As much as Trump has tried to goad him he won’t quit. I wish Trump would just fire him and deal with the consequences after (we all know he will be dragged into court) but in the meantime the new Chair (Happy Warrior) can drop interest rates and cause an economic boom….A gal can dream can’t she?
feels like he is creating a favorable environment (Americans of all political leanings) to where he can do something like that with no repercussion
Hurting PDJT administration is meant to hurt “we the people”…
Their own egos on display, once again.
…hurt us so badly and make us angry enough to turn our backs on PDJT.
Thereby, weakening “The Trump Effect”. Slowing the Trump Train, if you will.
And cheap gas is 3.69 in the SW burbs of the winded city, due to rise tomorrow with Pritzker’s new gas tax.
Drill baby, drill!
While the CONgress holds the OBBB & appointees hostage?
I don’t think that our pragmatic, VSG is going to cut off our collective noses to spite our faces.
For those that really don’t understand economics or even global economics, the Federal Reserve’s job #1 is to protect the Bond markets & currency markets.
If there is no confidence in our debt markets (Bonds) then who’s going to buy our debt? We create debt to pay off the old debt.
Why do you think the markets are reaching new highs? Capital flows. The ECB lowering their rates are not helping them because investors won’t buy the bonds, the same is happening in Japan. There is no other place to park your money around the globe, we’re it!
A little epistemic humility never hurts. If you believe I’m I wrong, the jump in and trade against me, please.
he is implying the USA is sacraficial to the globe because they need to feed off of us to survive.
while, PDJT is saying I can make America sustainable and independent while also empowering other countries to be successful also. its each country first while trading with each other still
(bleeding the USA as China grows looked like the model)
Follow up to help clarify what I’m trying to say above and help folks understand.
If I’m a borrower looking to refinance my debts, then I will certainly want lower rates the same as President Trump wants.
When I refinance at lower rates and condense all my debts into one payment it allows me to have lower interest rate payments but my debt is extended further out. If PDJT swaps the long term T-bonds (10-30 year) or even the T-notes (2-10 year) for the T-bills (1 year or less) what happens when rates go up?
If you’re a spendthrift and want lower rates and you come to me, the buyer of your debt, what interest rates do you think I want? Higher or lower? What would you want? Especially knowing you can’t control someone’s spending habits.
All these “no taxes on this or that” expire in 2028, so what happens when PDJT is out of office, and our deficits reach higher levels? Do you honestly think the Government is not going to raise taxes?
Or would you prefer our debt to be purchased by a “secondary lender”?
25% of our debt flows out to foreign holders of our bonds in interest payments. Keep this in mind.
Exactly.
The FED nor do other National Central Bank Organization hold a single national bond. The FED is an committee of REGIONAL Representatives for the Major Banks that compose the Federal Reserve Banking SYSTEM.
The FED BROKERS the national bonds to member banks and other banks, to spread the wealth (and pain) as well as consolidate enough national bond ownership in a few key Banks to give them financial control. It is essentially a massive conflict of interest the way the central banks (including the US FED) conduct business v/v the National Bonds they broker to the banks they REPRESENT.
Kevin Hasset would be a real wrench in the works of the FED as it currently operates as he would represent a paradigm change … a FED Chair who represents the FEDERAL Government and NOT the Banks that compose the FED Bank System.
That’s what got us here. When the Fed was originally set up and actually had 12 national banks, they bought in corporate Paper. It wasn’t until WWI that the government told them to stop buying corporate and start buying government bonds. Corporate paper allowed companies to go to the 12 banks when they needed money to keep employment going, hence the fluctuations in interest rates across our country.
Don’t let anyone tell you any President can fire the Federal Chairman. Powell’s term expires in May of 2026. Every President has attacked the Fed. Every President including politicians have attacked past administrations. But I’ve never heard once in my life, a Fed Chairman attack the previous or past Fed Chairman!
The President can certainly claim negligence but the like proving intent, one of the hardest things to do.
How many things has PDJT done that had never happened yet?
Why should such an unaccountable unelected entity hold such power?
As someone said above, a girl can dream.
We are stuck with Powell for another 11 months. The Fed Chairman serves (with Senate approval) a 4 – year term which can be renewed multiple times. Each term is served in full, barring voluntary resignation or death. The chairman cannot be removed/fired.
What’s funny and what people don’t realize is the Fed cannot control inflation because our government will continue to borrow & spend.
I’m not against President Trump at all and I do hope he pivots towards the Middle East, Russia and possibly China. Business is Business and War helps no one! I just wish he would stop calling people Stupid or Dumb or whatever…
Remember, he just told Maria in his interview that what Elon Musk said was inappropriate. But then again it’s Trump and I’ve accepted him for who he is.
Already did. Dollar weakness made my Int’l assets more valuable. I am about to unwind, you wanna take the otherside, have at it.
No way am I going to take that bet. What you just said was spot on! But currency is not the problem, it’s the debt markets that destroys a country. What PDJT is doing right now, I agree with. It’s not the now I’m concerned with, it’s the politicians doing what they do best. Barrow and spend.
Gresham’s law.
The Kings of the past debased their currencies and for those who may not understand, it’s the content of the metals. When they spent more than they took in, the mixed in different metals to their gold while keeping the value exactly the same. This allowed them to pay down their debts but in end… they collapsed.
Kane still pimping with his last breath to stop that bill. What’s it to him? Follow the money.
He added a disclaimer that he supports the bill. But you’re right, he’s been on a pretty pointless tear.
Could we have a meme of a happy quokka in the Fed Chair?
I would love love love to see Kevin in that roll!!
Two big open questions on the Republicans controlling the Senate: 1. Will the BBB pass? 2. Will a Senator recess the Senate so President Trump can make some recess appointments?
Third question …. how many of President Trump’s objectives are “passed” with the BILL and how many will require more battles as well as crappy compromises with a Uni-Party controlled Senate.
Cut the federal deficit by trillions over the next ten years. Medicaid should only provide benefits via HMOs!!!
The government is only responsible for paying the monthly HMO premiums based on competitive bidding and verified eligibility and is not responsible for paying doctors, hospitals, clinics or pharmacies. There’s no way doctors or hospitals can bill the government for fraudulent medical services and fraud is totally eliminated! We save trillions of dollars and simply verify that the HMOs provide necessary medical care!
Of course, it would also work for Medicare but that would be too political and run into far more opposition.
Poor Elon. He votes republican once in his life and how feels betrayed. The rest of us have been feeling betrayed for decades.
Elon’s not upset about lack of sufficient cost savings.
He’s upset about the loss of EV credits and other green energy funding (which actually saves the government money).
He has business interests obviously.
When he says it will cost millions and jobs will be lost, these millions and jobs will be from his company. No more solar and EV subsidies.
Bitter Elon. Unstable Elon.
For being such a genius he sure is dumb.
Rep. Richard Hudson
@RepRichHudson
There’s been a lot of misinformation about what’s in President Trump’s One Big Beautiful Bill.
So let’s set the record straight.
Here are 25 of the worst myths — and the real facts about what the OBBB actually does for working Americans: 🧵🧵👇👇
Cont….
https://threadreaderapp.com/thread/1939715556887949375.html
The big canard that the Fed has bought into is that tariffs are inflationary. That is the traditional economic view as taught since Keynes first appeared on the scene (spit). That is the excuse Powell is serving up to the markets on why he can’t cut rates: gotta wait and see how tariffs impact prices.
Problem is that President Trump’s first term as well as actual price history around the world shows the opposite. Japan: high tariffs and deflation the past 40 years, EU almost the same. Also, does not take into account 1 )what economists refer to as the “substitution effect”, 2) )the fact producers are inclined to eat profits to maintain volumes nor 3)) that some gov’ts (surprise!) will manipulate their currency.
FF rate should be at close to 1% lower in my estimation.
I agree. The Fed blaming tariffs is off base for sure so I look at it this way. What have all these Presidents, politicians down to the Fed do best, no matter the administration years? They must always exude confidence! We have Bonds to sale because if they don’t exude confidence, no foreign country is willing to buy our debt and if no foreign country is willing to buy our debt then we get QE… Swapping long for short term paper. Yellen did that at the Treasury, 2 years ago I think.
Deleted…wrong thread
This Federal Reserve government institution, was it created by our founding fathers way back in 1776? I hear about this Fed constantly but have no idea what purpose does it serve regarding We The People. Right now my head is spinning!
Look up the Reserve act 1913. The reason for this act was what J.P. Morgan did bailing our country out of near bankruptcy.
People must ask themselves – If we do away with the Federal Reserve, who’s going to manage our finances? You won’t like the answers once you think them through.
I never did know exactly what the Fed is responsible for pertaining to the U.S. economy. Truth be told, I don’t really know the purpose of most federal agencies in America.
So, Senate just voted to keep Medicaid for illegals. Could/Will PDJT NOT SIGN OVER THIS? It really is a biiiiiiiiiiig campaign promise not happening.
D.B., do you have a link?
Latest news I heard, was the BBB the defunds Medicaid and Medicare for Illegals as well as defunding eligibilty for tax credits for Affordable Care Act. The GOP did an end-run around the parliamentarian to do this and ultimately the parliamentarian folded on the issue.
Here’s my info on defunding illegal access to healthcare in the BBB:
https://www.thegatewaypundit.com/2025/06/new-senate-gop-discovers-spine-puts-three-key/
typo —should read “the BBB defunds …”
D.B. nevermind –I just found it. That’s awful news.
https://www.thegatewaypundit.com/2025/06/just-senate-rejects-measure-kick-illegals-medicaid-56/
Can’t dig deeper right now but my first thought is that GP tends to inaccuracy because of desire to get the scoop. Not always of course.
This would be MAGA-FED Fabulous
JUST IN: Senate Rejects Measure to Kick Illegals Off Medicaid 56-44 – RINO Susan Collins Votes No!
By the time the Senate gets through, all that will be left of this bill will be the name.
noting: the radicals are characterizing elon musk issuing a mission to unseat all republicans that sign on to the BBB.
understand what a limited hangout REALLY IS.
a supposition, not rooted in fact, that is manufactured to cause YOU to have doubts and be fearful.
don’t.
God Bless America.
we are initiated.
Any rail or aviation workers here? I’m getting union emails stating we are currently exempt from the tax free overtime unless they accept Ammendment #2613 from Senator Maria Cantwell. Is this true? I appreciate any feedback?