Why Is Powell Clinging to His Job?
Posted By: Moritz55, 8/2/2025 7:03:00 PM
Why is the Fed chairman, Jerome Powell, stubbornly clinging to his high interest rate policy? Indeed — why is Mr. Powell clinging to his job? A Federal Reserve governor, Adriana Kuegler, just announced her resignation today, effective August 8. I believe President Trump can actually name his own governor to replace her — and then appoint that person as chairman of the Fed. Subject to Senate confirmation. There are rumors that another Fed governor — Michael Barr — is about to resign, giving Mr. Trump another option.
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A man attending a recent Major League Soccer game claimed his choice of attire resulted in him being "asked to leave" the sporting event, according to a video posted on social media. The man, who identified himself in the video as Michael Weitzel, was seen wearing a red "Make America Great Again" hat at Energizer Park, St. Louis City SC's home stadium.
"I am Michael Weitzel and I have been asked to leave because of the Donald Trump hat," he states in the video during an exchange with security personnel and law enforcement officers. A member of the venue's security team responded by saying "they're non-political here…
A gerrymandered map proposed by the Texas GOP would kick firebrand Democratic Rep. Jasmine Crockett out of her own district and likely add more House seats to the Lone Star's Republican delegation. Last week, Texas House Republicans introduced a redistricting proposal that could net five new GOP seats. The draft congressional map, which is likely to change before approval by both state legislative chambers, aims to redraw district lines to include more Republican-leaning areas in Democratic strongholds like Dallas and Houston. Crockett, who serves Texas’ 30th Congressional District, which represents a large part of Dallas, has called the redistricting effort "a power grab to silence voters."
Ukraine's military says it has hit key infrastructure inside Russia, including a significant oil refinery. Kyiv also says it struck a military airfield used for drones and an electronics factory.
A fire that broke out near the Zaporizhzhia Nuclear Power Plant after Ukrainian shelling has been brought under control, according to Russian authorities.
Meanwhile, the New York Times has reported that Indian government sources have revealed there are no plans to stop buying oil from Russia. This is despite US President Donald Trump's threats to impose penalties on India.
Tennessee Sen. Marsha Blackburn will soon introduce a trio of bills to counter the malign influence of foreign adversaries stateside and cement actions already taken by the Trump administration, RealClearPolitics is first to report.
The first bill would ban the purchase of “agricultural land” by any foreign individuals or businesses associated with an adversarial country. Chinese interests already own as much as 370,000 acres of farmland, according to one estimate, some of it near U.S. military bases. Fueling the bipartisan concern: fears that proximity to those sensitive installations could make them prone to drone attack or surveillance.
Why Is Powell Clinging to His Job?
10 replies
Why is the Fed chairman, Jerome Powell, stubbornly clinging to his high interest rate policy?
Indeed — why is Mr. Powell clinging to his job?
A Federal Reserve governor, Adriana Kuegler, just announced her resignation today, effective August 8.
I believe President Trump can actually name his own governor to replace her — and then appoint that person as chairman of the Fed. Subject to Senate confirmation. There are rumors that another Fed governor — Michael Barr — is about to resign, giving Mr. Trump another option.
The New York Times Can't Stop Sucking
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Predictably, the New York Times pooh-poohed the release of the classified annex to the Durham report. Charlie Savage wrote:
Kash Patel, the F.B.I. director, and other Trump allies have declared that a newly declassified report on the Russia investigation provides “evidence that the Clinton campaign plotted to frame President Trump and fabricate the Russia collusion hoax.” The reality is almost precisely the opposite… The report shows that a purported email that Trump supporters have long tried to portray as a smoking gun is instead most likely a fake. Russian spies appear to have tried to make it seem authentic by assembling passages lifted from actual emails by different hacking victims…
For 150 years, Presidents, Administrations, and White House Staff have longed for a large event space on the White House complex that can hold substantially more guests than currently allowed. President Donald J. Trump has expressed his commitment to solving this problem on behalf of future Administrations and the American people.
The White House is one of the most beautiful and historic buildings in the world, yet the White House is currently unable to host major functions honoring world leaders and other countries without having to install a large and unsightly tent approximately 100 yards away from the main building entrance.
Several AI-generated images allegedly depicting historical events or imagery from Auschwitz during the Nazi era have been circulating on social networks. While many users can identify them as fake, experts warn that such images deceive some viewers, show disrespect towards the real victims and distort the historical memory of the Holocaust.
Why Blue States Can’t Have Nice Things
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I just got back from Salt Lake, where I took my kids to Wheeler Farm in Murray, Utah. Originally homesteaded in the late 1800’s, the 75-acre property was preserved and turned over to Salt Lake County in the 1970’s.
It was jarring, in the best way, to see a public space so well-run. Admission is free. Kids walk right up to cows, goats, sheep, and chickens. They climb on old tractors, go on wagon rides, race through open fields.
After a busy morning, we bought $2 Uncrustables and $1.50 popsicles from the gift shop and sat for lunch.
FBI Deputy Director Dan Bongino posted a lengthy message on his official X account in which he vowed to bring the American people "the truth" after saying that he had learned things that "shocked" him. "During my tenure here as the Deputy Director of the FBI, I have repeatedly relayed to you that things are happening that might not be immediately visible, but they are happening," Bongino wrote. "What I have learned in the course of our properly predicated and necessary investigations into these aforementioned matters, has shocked me down to my core. We cannot run a Republic like this. I’ll never be the same after learning what I’ve learned."
Paramount has wrapped up long-running negotiations that will bring the entirety of the South Park catalog to its Paramount+ streaming service, but it’s going to cost them.
The media company has agreed to pay the production company owned by South Park creators Matt Stone and Trey Parker $1.5 billion for the global streaming rights for the next five years. HBO Max previously held the streaming rights to the show. Paramount has, instead, aired South Park original films on its streaming service.
On Sunday, the second Trump administration turned six months old.
President Trump’s first four years in the White House were already a big success, which is why I fought so hard to bring him back for a second go-round. Yet I think Trump’s second has already surpassed it in just one-eighth the time. Completely and instantly securing the U.S.-Mexico border after the four-year Biden invasion is one of the most important and impressive accomplishments in American presidential history. TV news said the president’s tough trade talk would crash the economy in days; instead the stock market hit record highs this very week and blue-collar wages are rising faster than
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Senate Majority Leader John Thune (R‑SD) has unveiled a procedural scheme to block President Donald Trump from making any critical appointments during the August recess, effectively aiding the Democrats’ obstructionist agenda.
Under the U.S. Constitution, the president can make “recess appointments,” temporary appointments to federal positions, if the Senate is in recess and not conducting business. These appointments don’t require immediate Senate confirmation and can last until the end of the next session of Congress.
Harris to Colbert: Trump Broke Me
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Why did Kamala Harris take a pass on running for governor in California? It's not because she's aiming at another presidential run in 2028, Harris told Stephen Colbert. It's because she finally lost an election.
No, seriously. "I don't want to back into the system," she explains, "because the system is broken." And if you think that's absurd, Colbert manages to top it: Ahem. If anyone has reason for gratitude toward "the system," it's Harris. She is and has always been an intellectual lightweight who counted on "the system" to keep her in office. It was the Democrat establishment that ensured she kept winning
And There It Was — One Sentence in Declassified
Docs Proves We All Were Censored to Protect Hillary 26 replies
Docs Proves We All Were Censored to Protect Hillary 26 replies
It's hard to fathom the evil that led to creating fake intelligence to frame then-presidential candidate Donald Trump as a Russian spy and traitor to his country. We've seen in recently declassified documents that Hillary Clinton didn't do this alone. She commanded dozens, if not hundreds, of willing participants, including the George Soros foundation, President Barack Obama, the FBI, the weaponized intelligence agencies, and others, to bring Donald to his knees.Buried deep in the latest tranche of declassified documents called the Durham annex report, however, a deep state hawk has found something that is equally or more evil than changing intelligence to manipulate one election's outcome.
President Trump ordered the dismissal Friday of the head of the Bureau of Labor Statistics (BLS), hours after the economic data collection agency released a report showing unemployment ticked up last month.
Now-former BLS Commissioner Erika McEntarfer, an appointee of former President Joe Biden, triggered Trump’s fury after her agency announced lower than expected employment gains in July and revised the numbers for May and June downward by a total of 258,000 jobs.
The president accused McEntarfer of manipulating the data and charged that she had done so in the past.
Three years after leaving a sleepy Seattle suburb to run the school district in Fairfax County, Va., outside the nation’s capital, Michelle Reid earns more money than the U.S. president and gets a car allowance. Now she wants a taxpayer-funded personal bodyguard. [Snip] The new job would earn between $84,552 to $143,880,...far more than the starting salary of about $58,000 that a new teacher gets... [Snip] Last November, the all-Democratic school board voted unanimously to renew Reid’s four-year contract and increased her annual salary to $424,146 from $380,000,... In contrast, the U.S. president earns $400,000 annually.
A courageous cyclist was stabbed to death by a crazed man at a San Francisco train stop after he stepped in to protect a mother and her kids who were being harassed.
Colden Kimber, 28, was fatally jabbed in the neck with a six-inch blade on July 26 while waiting at a Muni stop in the Ingleside neighborhood with his girlfriend.
The couple had gone on a date before making their way to the stop around 4.15pm, which was surrounded by children and families, when Sean Collins, 29, walked up. As they waited, Kimber decided to bravely get in between Collins and a woman with her children.
“The truth is stranger than fiction” (as attributed to Mark Twain) Conspiracy theorists have long thought that Seth Rich’s death was an assassination facilitated by the Deep State — a Machiavellian hit by the Deep State to cover for its operation known as Russian Collusion because Rich could expose it as false from the beginning. It was an actual “Spy vs. Spy” episode, straight out of Mad Magazine — except our side went full Stasi against the American people.
The Trump administration withdrew $200 million in federal research funding to the University of California Los Angeles (UCLA) after a Department of Justice (DOJ) finding Thursday that it had violated the civil rights of Jewish students.
As Breitbart News reported earlier this week, UCLA settled a lawsuit brought by Jewish students — and was promptly hit with a DOJ finding that it had violated the Fourteenth Amendment and the Civil Rights Act.
Breitbart News reported:
In April 2024, UCLA allowed anti-Israel students to set up an “encampment” in the center of campus. The university surrounded it with metal barricades and allowed activists to patrol the encampment boundary.
New York is known for a lot of things: The Big Apple, Niagara Falls, and Buffalo wings. The Empire State also lays claim to some of the worst voter rolls in the country, according to a new report from an election-integrity watchdog. According to the Public Interest Legal Foundation, nearly 50,000 registrants on New York’s voter list are registered in at least one other state. About half of those — 24,873 registrants — are also registered in Florida. Another 6,247 have duplicate registrations in North Carolina, and another 5,724 are also on New Jersey’s voting rolls.
PILF’s review stated 6,788 cases of duplicate or triplicate registrations were found
Reams have been written about the latest revelations in the Russian collusion hoax that so hamstrung President Trump’s first term. I will summarize below the most important revelations. It’s clear the Administration is taking its time to reveal the investigation’s conclusions for maximum impact -- an impact that I, like Scott Adams, believe will result in arrests of a number of people who pulled off this fraud. But first I want to discuss something which has not received the kind of attention it deserves -- the death of the legal consequences for disparate outcomes and credentialism.
Earlier on Saturday, it was revealed that Senate Republicans and Democrats were trying to formulate a deal to push through some of President Donald Trump's nominees. That came after Sen. Tom Cotton (R-AR) gave a speech on the Senate floor threatening to use the Harry Reid precedent to remove hurdles like two-hour debates and cloture votes.[snip] As to the deal in question, it was heavily slanted toward Democrats, approving only a "small tranche" of the around 150 nominees waiting in exchange for billions in spending for left-wing priorities and empty promises.
The Contemptible Jeb Boasberg
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Jeb Boasberg is not giving up.Undeterred by recent smackdowns by the Supreme Court and the D.C. appellate court, Boasberg, the Obama-appointed chief judge of the D.C. district court, is preparing to mete out some sort of punishment against the Trump administration for allegedly defying one of his court orders back in March.
During a hearing last week in the ACLU’s lawsuit related to the Alien Enemies Act, President Trump’s signature deportation policy that ordered the immediate removal of illegal Venezuelans tied to Tren de Aragua, Boasberg expressed frustration that his colleagues on the D.C. appellate court are dragging out a hold on Boasberg’s contempt findings; in April, Boasberg determined “probable cause