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Jerome Powell admitted his Federal Reserve could have cut interest rates this year but didn’t because of tariff worries. He blamed tariffs for making prices go up. This kept interest rates high, costing American families more money.
Powell made these surprising comments in Portugal. He told other bankers the Fed chose not to help regular people. Instead, he decided to wait and see what happened with prices.
Meanwhile, White House Press Secretary Karoline Leavitt faced tough questions about Powell’s job. Reporters asked if President Trump would replace him soon. They specifically asked about Scott Besson as a possible replacement.
Leavitt refused to give any names. She wouldn’t hint about Powell’s future either. Her short answers spoke loudly about the White House position.
Powell’s admission proves he failed hardworking Americans. His excuses about tariffs don’t help families struggling with high costs. They need real relief now, not fancy words.
The Federal Reserve’s mistakes cost our country a fortune. Powell’s bad decisions hurt small businesses and workers. He ignored common sense while families suffered.
Strong new leadership at the Fed would fix this mess. President Trump knows we need someone who cares about America first. Powell’s time should be over.
American families deserve better than failed policies and excuses. They need action to bring down costs and protect our economy. It’s time for real change.
