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Yet again, Jerome Powell has refused to cut interest rates.
During today’s FOMC meeting, Powell decided to keep interest rates the same, at 4.50%.
This marks the fifth time he has refused to cut interest rates since December, despite repeated calls from President Trump to do so.
BREAKING: Jerome Powell leaves interest rates UNCHANGED again, at 4.50%
Despite the INCREDIBLE economic numbers released this morning.
This guy HAS TO GO! Unleash the U.S. economy! pic.twitter.com/Q9sY3decew
— Nick Sortor (@nicksortor) July 30, 2025
BREAKING: Fed Chair Jerome Powell leaves the Interest Rates UNCHANGED
“TOO LATE” needs to GO! pic.twitter.com/XLhvh5QnyJ
— The Patriot Oasis
BREAKING: Fed Chair Jerome Powell leaves the Interest Rates UNCHANGED
(@ThePatriotOasis) Watch Powell’s announcement here for yourself:
Jerome Powell is political operative.
Just another weapon in the coup against Trump.
He won’t cut rates because it’ll help Trump when it helps Americans.
This mirrors his decision today even though all indicators are now in favor of a cut.
Traitor.pic.twitter.com/5Xz22qfBPK
— C3 (@C_3C_3) July 30, 2025
Our economy is doing great underneath President Trump’s leadership.
Quarter 2 GDP numbers show positive growth, as well as hundreds of billions of dollars in both tariff revenue and new business investments.
The Wall Street Journal reported:
The Federal Reserve held interest rates steady, as expected, Wednesday, with Chair Jerome Powell showing no preference for cutting rates at the central bank’s next meeting in September.
The comments from the Fed leader following the rate decision hit stocks in afternoon trading, with the Dow Jones Industrial Average losing about 172 points, or 0.4%.
Stocks turned lower and Treasury yields ticked higher after Powell said that the central bank had “made no decisions” about whether to cut rates in September. At his post-meeting press conference, Powell noted signs of slowing economic growth but also stability in the labor market.
Earlier Wednesday, President Trump applied fresh pressure on the Fed to lower rates, saying he heard the central bank was going to lower rates in September. In a social-media post, Trump also said a readout on second-quarter growth was better than expected, reiterating his call for rate cuts.
New GDP data showed the economy grew at a 3% clip in April through June, rebounding after shrinking in the first quarter. Inflation pressures were also a little firmer than anticipated, helping boost Treasury yields and the dollar.
Keep in mind that our economy is now doing better than it was underneath Biden.
And yet, while Powell cut interest rates in September, November, and December, he has refused to do so ever since President Trump got back into office.
So, what gives?
Is it just a personal vendetta against President Trump?
Jerome Powell needs to go.
Jerome Powell refuses to acknowledge that the economy has changed. He is punishing America for his own bad decisions with high interest rates.
Fire Powell. End the Fed. We must take back control of the economy from the banks. pic.twitter.com/ZOlgXJeHvE
— Moral Tourism (@moraltourism) July 30, 2025
Just moments before the meeting, President Trump went off on Jerome Powell, accusing him of doing a “bad job.”
“Each point that this gentleman keeps up costs us $365 billion a year,” he said.
Watch this:
Full transcript:
Reporter: You said that higher interest rates are making it harder for veterans to refinance. With the stronger than expected GDP report out this morning, what do you say to analysts who worry that lowering interest rates would actually lead to inflation?
President Trump: Well, if that happens, then we’d just raise them. What you do is you lower them, and let’s see if there’s inflation. Right now, there’s no inflation. Everybody thought there would be. All we have is billions of dollars of cash pouring into our country from other countries that took advantage of us for many, many years. You know, they were taking advantage of– we were like the stupid people that didn’t know what they were doing. They took advantage of us, other countries, friend and foe. And by the way, the friend was oftentimes much worse than the foe when it comes to trade.
So,if that happens, what you do is you raise your rates and you do what you have to do to stop inflation, but we’re keeping the rates high, and it’s hurting people from buying houses. So, we don’t want that. If, for any reason, that happened, in a year or two, if there’s some signs of inflation coming back– right now there’s not. We have a great thing going. I think we’re going to have the richest economy you’ve ever seen. We have money coming in that we’ve never even thought about at numbers that nobody’s ever seen before. We have a deal with Japan, where they’re going to pay us $550 billion; we have a deal with Europe, where they’re doing $750 billion plus $400 billion, plus $300 billion; and many other countries. It’s likewise, you know, relatively those are two big ones, but likewise. So, we have a lot of money coming in, and we have no inflation, and we’re very strong, and we should be lowering the rates.
You know, each point that this gentleman keeps up costs us $365 billion a year. Think of that, one point, $365 billion. If you bring it down a point, we save 365. We should be the lowest interest rate, and we’re not. We’re 38, number 38, because of the Fed. It’s all because of the Fed. He’s done a bad job. Now, he’s got a meeting today, but I call [Powell] “Too Late.” He’s always too late, even if he does it today, probably wont. I hear they’re going to do it in September, not today. For whatever reason, nobody knows, but Europe, as you know, cut their rates 11 times in the last short period of time.
But the good news is we’re doing better than anybody anywhere in the world. Nobody’s doing anything even close to us, even with the higher rates. The higher rates do affect housing though because people can’t go out and get a loan or refinance their house, and it would be nice to have them be able to do that. That would be just another check of a box that would be very important.
This is a Guest Post from our friends over at WLTReport.