Staff Reports
The Federal Reserve’s emergency move this week to shave 25 basis points off the federal funds rate — taking it to a 3.75–4.00 percent range — proves what every sane American already suspected: the central bank is scrambling, not steering. This was the Fed’s second cut of the year, a panicked pivot designed to paper over cracks instead of fixing the rot in Washington’s economic house. Ordinary Americans feel the sting of higher costs and stagnant wages while unelected technocrats play whack-a-mole with interest rates.
Worse, the Fed quietly admitted it will stop shrinking its bloated securities holdings on December 1, effectively restarting liquidity injections that created the very bubbles the country is now paying to burst. That’s not sober policymaking — it’s retreat, an admission their earlier “normalize rates” experiment failed and they’re going back to the printing-room solutions that punish savers. For years conservatives warned against the Fed’s balance-sheet expansions; now we’re watching those warnings become reality as policy makers backtrack.
The decision wasn’t unanimous, exposing a fissure at the heart of an institution that pretends to be apolitical and omniscient. One governor pushed for a half-point cut while another wanted no change at all, a split that reveals panic more than prudence and proves the Fed is ideologically fractured and riding on hope instead of data. Americans should be alarmed that such crucial economic decisions are being made amid infighting and theater rather than with clear, consistent strategy.
Powell himself conceded the economy is not out of the woods: the government shutdown is already weighing on activity and housing remains weak, while Fed officials acknowledged they’re operating with imperfect data. These are not small complications — these are the warning lights that should have come before the Fed’s last several policy flip-flops, not after. The supposed guardians of stability are now confessing they’re flying by instruments that are sometimes blank.
Meanwhile the consumer credit picture is deteriorating beneath the Fed’s headline talk: auto-loan delinquencies and other consumer defaults have climbed, especially in risky subprime vintages, undermining the fiction that everything is fine. That growing wave of bad loans is precisely the kind of systemic stress a real central bank should have been preventing, not compounding with inconsistent signals. Every hardworking American who saved instead of speculated now watches their future get gambled away.
President Trump has been right to call out “Too Late” Powell for endless delays and bad judgement, and he’s made no secret of his intent to replace the Fed’s leadership when he’s legally able to do so. The White House’s attacks on Federal Reserve inaction are not theater — they are an attempt to restore accountability to an agency that has long operated without consequence. The administration even tried to force accountability elsewhere on the Fed’s board, a move that has prompted courtroom fights over Washington’s unchecked bureaucratic power.
Wall Street’s mixed reaction — an initial pop followed by selling — shows markets don’t trust the Fed’s “we’ve got this” script any more than Main Street does. Traders cheered the liquidity drip but quickly priced in the reality that easier money today risks higher inflation tomorrow, and the tug-of-war between false hope and hard reality is why investors are jittery. This is the exact instability people warned about when central banks divorced policy from genuine economic growth.
Talk of who will run the Fed next has swirled, but reports indicate Treasury Secretary Scott Bessent is reportedly not interested in swapping desks — and that underscores the complexity of replacing a central banker with someone who will actually put America first. The truth is we need leaders who celebrate real jobs, manufacturing, and entrepreneurship, not more paper victories measured by inflation-adjusted balance sheets. Conservatives will keep demanding nominees who understand growth comes from factories and family-run businesses, not from backroom liquidity tricks.
This is a moment for patriots to stand up and demand honest money, real markets, and accountable institutions. President Trump’s vow to replace Fed leadership and restore market signals is the kind of audacity this country needs after decades of soft-money excuses. We will back bold reforms that drain the monetary swamp, defend the dollar, and make sure prosperity rewards work and production again — not the manipulation of elites.
