The Fed’s latest decision to hold interest rates steady yet again leaves patriotic Americans asking a fundamental question—when will this central bank finally commit to policies that boldly prioritize American economic renewal?
Leaving the benchmark federal funds rate unchanged at 4.25% to 4.5% is hardly a profile in courage. For the fourth consecutive meeting, Federal Reserve Chair Jerome Powell and his colleagues have chosen caution over decisive action, even as our economy faces ongoing challenges. Powell says inflation has decreased but admits it remains elevated above the Fed’s 2% target. Yet instead of taking bold measures to unleash American economic power, the Fed has once again opted for timidity and hesitation.
President Trump has rightly criticized Powell, calling him “a stupid person” for failing to reduce interest rates further and faster. Trump’s frustration is justified; while Powell claims to be focused on “a good, solid American economy,” his actions speak louder than words. By continually refusing to lower rates, Powell’s Fed is effectively keeping the brakes on economic growth and manufacturing revival—core pillars of the MAGA movement. Trump understands what establishment figures like Powell seem unable or unwilling to grasp: America’s economic strength relies on aggressive, America First policies that remove barriers and cut red tape.
Even Powell himself acknowledges that tariffs initiated during Trump’s first term might temporarily elevate prices but admits these effects could prove short-lived. Yet, rather than proactively addressing these temporary inflationary pressures with decisive rate cuts, Powell and his risk-averse colleagues remain paralyzed by fear. Bill Adams, chief economist at Comerica Bank, points out the Fed’s limitations, noting it lacks effective tools to manage stagflationary shocks such as tariff adjustments or disruptions in Middle Eastern oil supplies.
FOMC policymakers also released an economic projections summary, the “dot plot,” which anticipates two interest rate reductions in 2025, followed by one cut each in 2026 and 2027. They also predict PCE inflation will rise to 3% this year before declining to 2.4% in 2026, and 2.1% the year after. Real GDP is expected to slow to 1.4% in 2025 and gradually increase to 1.8% by 2027. The unemployment rate is projected to rise to 4.5% in 2025 and 2026 before falling to 4.4% in 2027.
But Americans don’t need cautious predictions and lukewarm commitments. They need bold, strategic monetary policy designed to fuel job creation, empower American businesses, and solidify our global economic leadership. The Fed’s projections reveal a troubling acceptance of slow growth and rising unemployment, precisely the opposite of the America First agenda President Trump has promised—and delivered—in the past.
Powell’s cautious approach is increasingly out of step with market sentiment. After this latest announcement, market expectations shifted dramatically, with odds of the Fed holding rates steady in July now at 89%, up from 83%. More tellingly, the market now believes there’s over a 60% chance of a 25-basis-point cut come September, reflecting growing impatience with Powell’s wait-and-see attitude. Cory Stahle, senior economist at Indeed Hiring Lab, accurately noted that the Fed’s cautious approach mirrors prevailing uncertainties, but what Americans demand is leadership—not hesitation.
President Trump has consistently championed policies that put American workers first, from revitalizing manufacturing to securing our borders and reforming trade agreements. If the Fed truly desires a “good, solid American economy,” as Powell claims, it must align its monetary policy with Trump’s proven economic agenda. This means cutting interest rates to fuel growth, supporting American manufacturers by offsetting temporary tariff impacts, and boldly signaling confidence in the American worker.
The Federal Reserve’s next meeting is scheduled for July 29-30. With the economy at a crossroads, Powell and his colleagues have a clear choice: continue down a cautious, uncertain path of stagnation, or finally embrace an America First approach that sparks lasting prosperity. For Americans eager to see our nation’s economic engine roaring once more, the choice is crystal clear.
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