Resisting tremendous pressure from the Trump administration, the Federal Reserve held its key interest rate steady on Wednesday as two of President Donald Trump’s appointees dissented from the decision and voted for cuts.
Wednesday’s meeting reportedly marks the first time in more than 30 years that two members of the Fed’s seven-member Board of Governors voted against a rate decision at the central bank.
Vice Chair for Supervision Michelle Bowman and board member Christopher Waller “preferred to lower the target range for the federal funds rate by one quarter of a percentage point at this meeting,” according to the Fed’s policy statement. [Newsmax 7-30-25]
A central government bank (ours was established in 1913) should not be setting interest rates. Interest rates should be the result of market forces — supply and demand, and other factors at play in voluntary human trade. The moment government becomes involved, things become political, not economic.
The current Federal Reserve chair is, by definition, a Deep Stater. It’s his job to represent political interests, not economic interests (other than his own). This will be the case with the next Federal Reserve chair, and the next, until we get government out of the banking and currency creation business completely. The # 1 political agenda of all Deep Staters isn’t necessarily Communism or socialism. Their overriding and only priority at present is: Destroy Trump. They will do it at any cost. And they will use their media to spread the fallacy that whatever happens was all Trump’s fault.
How do we know this? It’s based on 100 percent of the evidence of the last 9 or 10 years, when Trump first became a serious government influence.
Long before Trump, we the people gradually created a government with almost unlimited power, the very thing our Founders and later Ronald Reagan warned us about. This government exists first and foremost to protect itself. If you believe or assume otherwise, you are a naive fool, and most likely a Democrat.