Fed chair Powell signals potential rate cuts — but Trump says it’s ‘too late’



Federal Reserve Chairman Jerome Powell signaled on Friday that he may consider cutting interest rates in the near future.

During a speech at an annual gathering in Jackson Hole, Wyoming, Powell hinted at the possibility of changes to interest rates at the next September meeting due to a "shifting balance of risks."

'I personally believe the Fed could cut a full percent and still not have policy unleash inflationary pressures, but I don't foresee a cut that substantial in September.'

He contended that the Federal Reserve's "restrictive policy stance" has been "appropriate to help bring down inflation and to foster a sustainable balance between aggregate demand and supply."

Powell blamed "higher tariffs" for introducing "new challenges" to the U.S. economy and "tighter immigration policy" for causing an "abrupt slowdown in labor force growth." He contended that both factors have impacted demand and supply.

"Over the longer run, changes in tax, spending, and regulatory policies may also have important implications for economic growth and productivity," Powell claimed. "There is significant uncertainty about where all of these policies will eventually settle and what their lasting effects on the economy will be."

RELATED: Powell’s tight money policy is strangling the US economy

Photo by Chip Somodevilla/Getty Images

He argued that "risks to inflation are tilted to the upside and risks to employment to the downside." Powell called it a "challenging situation" given that the Fed's "framework calls for us to balance both sides of our dual mandate," referring to the labor market and price stability.

However, he indicated that with the policy rate "100 basis points closer to neutral" compared to last year and stability in labor market measures, the Federal Reserve may "proceed carefully as we consider changes to our policy stance."

"Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.

RELATED: Trump orders Labor Statistics chief to be fired over revisions in weak jobs report

Photo by Chip Somodevilla/Getty Images

President Donald Trump has repeatedly urged Powell to drop interest rates.

"He should have cut them a year ago. He's too late," Trump said Friday afternoon in response to Powell's speech.

Blaze Media contributor Carol Roth told Blaze News, "Reading between the lines, it certainly sounded like Powell was signaling a higher likelihood of a September rate cut, something that the market had already been expecting. In terms of the Fed's stated 'dual mandate,' the pendulum seems to be swinging to more concern over the labor market than inflation, although certainly not ignoring inflation, but rather wanting to avoid a stagflation scenario," Roth said.

"Powell is definitely late to a rate cut, both in terms of supporting the economy and giving the Fed room in terms of future ability to raise rates in the face of any potential spikes in inflation," Roth continued. "While 25 basis points (one quarter of a percent) is the likely size of a cut, it probably isn't enough to be meaningful in terms of consumer or business behavior — it seems more symbolic. I personally believe the Fed could cut a full percent and still not have policy unleash inflationary pressures, but I don't foresee a cut that substantial in September."

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Trump has a golden opportunity to smash the student loan trap



Student loans are back in the headlines as the Trump administration moves to resume collections on delinquent federal student debt.

The issue demands serious scrutiny. Borrowers should honor their obligations. Yet the federal government has become the world’s largest predatory lender, handing tens of thousands of dollars in debt to teenagers who often lack the financial literacy to understand what they are signing. No underwriting process checks their ability to repay. Unlike most other loans, student debt cannot be discharged through bankruptcy.

The Trump administration should shift its collection stance and seize the opportunity to reform the broken student lending system.

This corrupt setup has enriched colleges, universities, and their administrators while leaving young people burdened with worthless degrees and mountains of debt.

With an entire generation saddled by debt and losing faith in the American dream, the Trump administration should lead a bold reform effort to fix student lending.

A five-step plan

First, Trump should work with Congress to get the federal government out of the student loan business entirely. The government is not a bank. Borrowing money at the federal level only to shovel it out to unqualified borrowers is reckless and unsustainable.

Next, the administration should pressure universities — particularly nonprofits with massive endowments. To maintain their tax-exempt status, these institutions must justify the return on investment for their degrees, hold a stake in the loans, and offer refunds for programs that fail to deliver promised outcomes.

If a student pursues a degree leading to a $50,000 salary, a college should warn them that taking on $200,000 in debt will never produce a worthwhile return. Aligning financial incentives would push schools to prioritize real-world job skills over administrative bloat and ideological indoctrination.

Student loans should also undergo an underwriting process based on both the student’s academic aptitude and the projected market value of the degree they are pursuing. Loans for high-value degrees should be higher than those for low-value ones, forcing colleges to stay competitive. Loans should also be restricted from funding noneducational expenses like spring break trips.

Additionally, student loans should become dischargeable through bankruptcy, just like other forms of personal debt. Colleges that hold a portion of the loan would then share the risk, giving them a stake in student success.

Finally, outstanding student loans must be restructured. Interest payments already made should be applied toward the principal, and students should have the right to seek recourse against universities that saddled them with overpriced, low-value degrees.

Trump’s big opportunity

The Trump administration has already welcomed many young Americans into the center-right coalition. Tackling the real crisis of college debt — an industry siphoning wealth from the next generation while pretending to offer economic opportunity — would show young voters that conservatives stand for their future.

Fixing student lending is not only good politics; it is the right thing to do to preserve the American dream for everyone.

Trump's tariffs: Economic genius or costly mistake?



President Trump’s tariffs on China, Canada, and Mexico have been nothing short of controversial — and for good reason.

“China, you know, is in many ways an adversary,” economic expert and best-selling author Carol Roth tells Stu Burguiere on “Stu Does America.” “But the reality is that we are very dependent upon China on both sides of the coin, so to speak.”

“One is certainly our dependence on them for various components of making just about anything, as well as finished goods,” she explains. “There are companies that produce things in China that you just won’t be able to produce here in the United States, ever, at a price that somebody would buy it at.”


When it comes to national security issues, ammunition, and medicines, Roth believes there’s a “different argument to be made for tariffs.”

“The idea that there’s just sort of this blanket tariff pronouncements that isn’t surgical, that isn’t targeting these specific things and taking into account specific cases is probably what gives me the most pause right now,” she says.

Stu agrees but also understands the argument in favor of Trump’s tariffs.

“I think there is a sense, by a lot of people on the right now, which is like, ‘This is good. We understand we might have a little bit of pain. We’re going to raise prices a little bit, potentially, on some goods, but long-term, we need to bring this manufacturing back here, and we’re willing to kind of go down that road,’” he says.

But that’s not enough to convince either Roth or Stu that it’s the right move.

“This is a very, very careful dance that must be had,” Roth says. “Being more surgical with the tariffs, I think, would potentially accomplish more of what is being at least told to us and me, as sort of somebody who’s going through the economics of what’s happening and worrying about this happening and that happening, seems like it might drive a better outcome in a very difficult and challenging situation than just kind of this big smattering across the board.”

Roth is also a small-business advocate, which causes her even more concern regarding the tariffs.

“I worry about small businesses as well that don’t have sort of the options that are available to some of these bigger companies,” she says.

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Insider reveals: ​Super Bowl, hypocritical Democrats, and IRS backfire exposed



Football fans everywhere couldn’t be happier that Super Bowl LIX ended in the Philadelphia Eagles' triumphant resurgence — and Stu Burguiere of “Stu Does America” was one of them.

Burguiere, who was in the crowd for the 20th time, was thrilled with the response President Trump received from those also in attendance.

“They put him up on the screen, loud cheers, really positive response after he was on the screen for maybe five seconds,” Stu explains, noting that while he’s thrilled, his week has been tainted by a letter he received in the mail.

“I somehow survived the entire Obama administration and the Biden administration without getting audited, and yet what did I get in the mail a week ago but a letter from the IRS promising to audit me? So the DOGE cannot come fast enough,” he tells financial expert Carol Roth.


“That is a direct result of the fact that the Democrats campaigned on adding tens of thousands of new agents to the IRS, and they promised you that it was only going to be for the billionaires. So congratulations on your billionaire status,” Roth laughs.

“I find it hilarious that everybody who is looking for you to report your $600 Venmo payments and eBay payments, because of billionaires, now all of a sudden is having a conniption fit that we want some transparency to where our money is going. It’s not even their money; it is our money,” she continues.

This is why what Trump is attempting with the DOGE is so important.

“I would like to see that limit for reporting be raised back up to where it was before, which was $20,000, or even higher, because if you’re doing these things as hobbyists, you really don’t need to be on that. Our tax situation isn’t going to shift materially, so why not give people a break and let them not have to worry about keeping transactions?” Roth says.

“It just goes to show how completely hypocritical Elizabeth Warren, Bernie Sanders, all of these Dems are, that they want to sneak in and take a look and put you under the microscope, but when they forcibly take $5 trillion from us per year, and we demand to know how that’s being spent, all of a sudden they want to be up in arms over it,” she adds.

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Explained: Why the Fed lowering interest rates might be a BAD sign ...



When Glenn Beck first heard the news that the Federal Reserve lowered the interest rate by half a point, which is the first time it’s been lowered since 2020, his first thought was “this is election interference by the Fed.”

His second thought was that the last time the Fed did this, it didn’t lead to a positive outcome.

Recovering investment banker Carol Roth joins the show to break down the details.

“What’s really going on here, Carol?” Glenn asks.

“First of all, Glenn, I just want you to know that I am unburdened by what has been, and now the market is in terms of interest rates because we are in a rate-cutting environment,” says Roth, taking a jab at Kamala Harris.

“I think the important thing to remember is that when we talk about rate heights, rate cuts — anything the Fed’s doing — we have to keep it in context, and the backdrop is that we came out of 15 years of what's called ZIRP — zero interest rate policy — where the interest rates were at or near zero,” she continues, adding that in addition, the Fed put “$9 trillion plus on its balance sheet.”

According to Roth, there’s the potential for both good and bad with this lowered interest rate.

Starting with the potential bad, Roth says, “when you are saying that the economy is doing amazing” and then follow with “a very large cut,” it can “send a signal to say things are not going so well.”

However, “after 15 years of zero interest rate policy, it does make sense for us to get back to what's considered a neutral rate,” she says.

“Is this an inflationary move?” asks Glenn.

“So that’s the question,” says Roth. “If you think about what the neutral rate is, which is theoretical — we don't know the number — but basically it's the dividing line between policy that is restrictive and policy that is accommodative, and what we're trying to do is have the Fed have no influence in either direction. I believe that we are still in that restrictive area.”

“I don’t think that will cause inflation,” she says.

“I wouldn't be spending a dime right now on hiring, building — anything. Not a dime until I see what happens at the election,” says Glenn, adding that if Harris gets elected, he’s “battening down the hatches,” but if Trump wins, he’d be “willing to invest.”

To hear Roth’s thoughts, watch the clip above.

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Stock market CRASH: What does Warren Buffett know that we don't??



Americans woke up on Monday morning to a stock market plunge after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and to top it all off, Japan’s stock market had its worst day since 1987’s Black Monday.

Glenn Beck is understandably worried.

“Friday, we had a bad jobs report. We’re still not in a recession; indicators are showing that we’re headed towards one, but the indicators have been wrong before. We are headed towards one; we’re headed for a depression at some point,” Glenn Beck warns.

Glenn is concerned about what this might mean for ordinary Americans and the United States economy and consults financial expert Carol Roth for some advice.

Roth explains that while the Fed did not lower rates, it might be on the table in September.

“Normally, you would say, ‘Okay, the market wants the Fed to cut rates,’ but what happened is then we got a weak job report on Friday, and while sometimes the bad news can be good news for the market, in this case, they took it as bad news,” Roth tells Glenn.

“The Fed was behind the curve in terms of lowering rates,” Roth continues. “They felt like maybe this whole idea of a quote ‘soft landing,’ the idea that you can get the inflation down without wrecking the economy, is off the table.”

However, while it doesn’t look good, Roth says that “if there is any silver lining here,” it’s that the market did not open back up and continue to fall.

But there are still major indicators that something strange is going on, and one of them is Warren Buffett’s recent behavior.

“Another catalyst that we’ve seen is Warren Buffett,” Roth says. “He had lessened his position in Apple by about 49%.”

“That’s not lessening. That’s cutting it in half,” Glenn says. “He’s making some of the biggest sales he’s ever made. It’s almost as if he’s becoming bullish on America. What does he know that we don’t know?”

“Starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we’re talking about Japan going down and at the same time the U.S. is going down,” Roth says. “It is interesting.”


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Carol Roth explains Wall Street crash: 'We can still take some comfort'



Yesterday saw a massive plunge in the Dow Jones and Nasdaq indexes, sparking a global selling frenzy and leading Americans to ask the dreaded question: Is the United States headed into a recession?

Recovering investment banker and author of “You Will Own Nothing,” Carol Roth joins Jill Savage and the “Blaze News Tonight” panel to shed light on the situation.

'Fears of Recession': Trump Blames Bidenomics for the Wall Street CRASH | 8/5/2024youtu.be

According to Roth, what is commonly referred to as the "Magnificent Seven” stocks – Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, META, and Tesla – “have really been carrying the stock market for the last couple of years, gaining incredible amounts of value at least on paper.”

Then, “Over the past few weeks, there started to be some cracks, I think, that investors realized — that their valuations had gotten a little bit frothy [and] that companies were going to actually have to spend a ton of money in order for their AI dreams to come true,” says Roth, “so we started to see a pullback on that.”

Then the “pullback” Roth mentions was “accelerated ... last Wednesday when the Federal Reserve Chairman Jerome Powell said that he wasn't planning to cut rates at this particular meeting, although still leaving on the table of September as a cut.”

“Then Friday came along, and we got a really ugly jobs report, so that triggered a recessionary indicator,” she explains, adding that there were also “some concerns that maybe the economy wasn't as strong as the Fed had been projecting and that they may be behind the curve when it comes to cutting rates.”

“So already we were seeing trillions of value being lost from the stock market because of this. Then we have the Middle East escalation over the weekend, and then we have Japan,” Roth tells Jill.

“In Japan, they have sort of the opposite situation happening that we have here. They had their rates at a negative level or zero for about 17 years, and finally they decided about four months ago they're going to try to normalize,” says Roth. “This Wednesday they decided to hike their rates and that created some issues and some strength with the yen and in doing so created ... sort of an unwinding of various trades that ended up creating a contagion that spilled over into the U.S. market.”

“Fortunately, our contagion, even though it was not a pretty day, was not nearly as bad [as Japan], and the good news is that this is really a breather in the market.”

“You still have the Nasdaq up about 29% for the last 52 weeks, the S&P 500 up about 26%, so while it is an ugly day, and we do need to take in sort of the totality of what's going on, we can still take some comfort that we were able to only have a few percentage points lost in terms of the contagion.”

“Mysteriously this morning, millions of people weren't able to trade at all. ... Are we normalizing this? What is going on here?” asks Blaze Media’s editor in chief Matthew Peterson.

To see Roth’s answer, watch the episode above.

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Rumor has it an elite-owned firm shorted Trump stock the day before the attempted assassination. Could it be true?



When it comes to Trump’s almost-assassination, the nation is still very much in the dark. Questions need answering, but that’s not really happening. People, therefore, are left to self-investigate and come to their own conclusions.

Right now, there’s a conspiracy theory circulating about a firm linked to George Soros, BlackRock, and the Bush family shorting the stock for the Trump Media & Technology Group on the day before the attempted Trump assassination.

Author and former investment banker Carol Roth joins Glenn Beck on the show to shed light on the theory.

Did These Global Elites PREDICT the Trump Assassination Attempt?www.youtube.com

“This is what I found based on publicly available information,” she begins.

The firm in question, Austin Private Wealth, had to file a 13F, which is a “disclosure filing that’s required quarterly from any investment manager that has more than one hundred million dollars in assets.”

Since “it takes a little bit of time to gather the data” for a 13F, it’s “usually filed within a few weeks after the end of the quarter,” Roth explains.

“The filing for Austin Wealth as of the end of June was made on July 12th,” meaning that the Trump stock was not actually shorted on July 12; it was simply filed on that date.

Second, the firm “had a third-party vendor, according to their press release, that had erroneously misstated their positions,” Roth continues.

Apparently “for the Trump Media Group, instead of putting 12 contracts, which represented 1200 shares ... it showed that they had 12 million share equivalents.”

“That sounds a little sketchy ... but they did that on every single call and put option that they had listed,” Roth clarifies, adding that “this was a clear error across the board.”

Skeptical, Roth “went back and checked all of the previous filings,” and she found that “in all of the previous filings, they had a normalized number of contracts being shown, so it was clear this was a mistake, and it was an outlier.”

With the Austin Private Wealth conspiracy theory essentially debunked, Glenn then asks Roth about the CrowdStrike outage scandal.

To hear her opinion on whether the debacle was “intentional,” a poor “test run,” or “incompetence,” watch the clip above.

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'Blaze News Tonight' RECAP: Project 2025, the SAVE Act, and Inflation



The left is panicking over Project 2025, villainizing it as far-right extremism, but what's really in the document? Heritage Foundation president and co-author of the initiative Kevin Roberts joins the show to answer questions and debunk lies regarding Project 2025. Next, Sen. Mike Lee (R-Utah) explains the SAVE Act — a bill that would bar non-citizens from voting in the 2024 election. Democrats have largely voted against it; Biden has even vowed to veto it, and yet, 81% of the American people agree that only American citizens should have the right to vote in U.S. elections. What the people want is crystal clear, but how likely is the SAVE Act to pass prior to November? Finally, Carol Roth joins the program to tell us the truth about inflation, including what the recent one-tenth drop means for the average American.

Project 2025: Heritage President DEBUNKS Lies | Guests: Kevin Roberts & Sen. Mike Lee | 7/11/24www.youtube.com

Heritage Foundation president Kevin Roberts on Project 2025

Democrats are in an uproar over Project 2025, calling the initiative far-right extremism and attempting to attach the document to Donald Trump, who has denied any affiliation. Headed by the Heritage Foundation, Project 2025 is a detailed plan of policy proposals for the next conservative administration. What's in the document, though? Kevin Roberts, Heritage Foundation president and co-author of Project 2025, joins the show to "separate fact from fiction."

The list of lies liberals are spreading about Project 2025 grows longer by the day, but "the one thing they get right," Roberts says, "is that we call for the utter elimination of the U.S. Department of Education."

As for the people "doxxing" and "threatening" those behind Project 2025, Roberts promises unapologetic prosecution.

"We are going to prosecute you, and we're going to do that using every ounce of the law. It's going to be peaceful; it's going to be lawful, but you have picked the wrong fight," he says.

Sen. Mike Lee on the SAVE Act

Among the many fears Americans harbor regarding Biden's open border policies that have ushered in millions and millions of illegal immigrants is the concern that non-citizens will be given voting rights prior to the 2024 election, potentially changing the outcome. Sen. Mike Lee (R-Utah), however, alongside Rep. Chip Roy (R-Texas) and House Speaker Mike Johnson, have proposed the Safeguard American Voter Eligibility Act that aims to ensure only American citizens can vote in the 2024 election. Unsurprisingly, most Democrats have voted against it. Biden has also mentioned vetoing the bill.

Sen. Mike Lee, who joins the show, explains that liberal opposition to the bill is rooted in Democrats' desire to "rely on non-citizens" to impact "a federal election" — something he calls "terrifying."

While Lee admits that they face "some heavy obstacles to passing [the SAVE Act]," he knows that should the bill be voted down, the decision "is going to come at a price," granted "81% of American voters agreed that only citizens — only American citizens — should vote in federal elections," which is "a huge bipartisan supermajority."

Sen. Lee also broke down his op-ed on Blaze News, which discusses the legal lawfare the left has used to take down Trump. "[Democrats] are the rule of law," he says, adding that "Democrats love throwing around ... the term 'our democracy,' and yet, when they use the term democracy, they're more often than not talking about something that is the exact opposite of democracy."

As for President Biden's cognitive decline, Lee says his Democratic colleagues "are referring behind closed doors to this situation ... as the 'Weekend at Bernie's' chat."

"I think they've finally started to accept the fact that they've pushed it so far they can't take it any farther."

Carol Roth on inflation

Blaze News contributor and author of "You Will Own Nothing" Carol Roth joins the show to tell us the truth about inflation, one of the biggest — if not the biggest — complaint of American citizens.

"The top issue on Americans’ minds as they head to the polls is the economy," Roth wrote in her recent article "The GOP needs to stay focused on inflation, not cognition."

Roth, who agrees that Biden's mental acuity is a problem, argues that his administration's destructive policies — including the ones driving inflation through the roof — are the far more pressing issue.

"We're missing the opportunity when we're talking about his cognitive decline to talk about the fact that whether it's Biden or someone they put in his place ... these are the broader policies of not just this man but of the Democrats and that if we want to save our country, we need to be making a change in holding those people accountable, and that goes farther than just Joe Biden," she says.

As for inflation, which as of yesterday was down "one-tenth of 1%," Roth says she isn't hopeful it will make a real difference for the average American.

"A quarter of a percentage point, which is probably what is on the table today for September (if that even happens) isn't going to change things meaningfully," she says, adding that she thinks "we need to see something like a 1% cut ... then maybe Americans start to feel a little bit of relief in terms of anything that is tied to an interest rate."

"The most meaningful thing it will mean is that the $35 trillion in debt we have — that big portion of it that needs to be refinanced plus the almost $2 trillion deficits that we're running that need to be financed — they will be able to be financed hopefully at lower interest rates, which will overtime, theoretically, bring down the deficits and hopefully have a positive impact on inflation ... that's the best we can hope for."

For more provocative opinions, expert analysis, and breaking stories you won’t see anywhere else, tune in to 'Blaze News Tonight' daily on BlazeTV.

Who doomed the petrodollar: America or Saudi Arabia?



There has been a lot of confusion lately about Saudi Arabia allegedly ending a 50-year-deal with the United States that tied oil sales to the U.S. dollar.

While many have claimed that the deal never actually existed, financial expert Carol Roth is here to clear that up.

“There was a deal put in place, but never once did I come across anything that said we have a specific expiration,” Roth tells Glenn Beck, who notes himself that if the world goes off the petrodollar, “that is the beginning of the end.”

Roth explains that when the United States went off the gold standard, they created a secret delegation that went to Saudi Arabia as part of a diplomatic tour.

“There was an oil embargo put in place by the Arab oil exporters. It sent the price of oil sky-high. So, the big objective was basically the U.S. didn’t want crude oil, you know, energy, which is obviously really what fuels growth around the world to become an economic weapon,” Roth explains.

“They knew, 'Okay, well, now we’re off the gold standard, we’ve got this currency, wouldn’t it be great to have somebody finance our deficits?'” She continues.

In exchange for economic and military support, the Saudis struck a deal with the U.S. to price oil in dollars around the world.

“There was a secret piece of it, and that was that the Saudis did not want everyone to know that they had this huge treasury stockpile,” Roth says, noting that it was because they didn’t want anyone to know how “closely they were in bed with the U.S.”

Now, this deal has ended.

“The FED has managed to hold the dollar not stable either for the world or domestically,” Roth says. “So, it’s not like they even made the tradeoff. They just abandoned it all together.”

“The big issue, if you are these countries around the world that now have everything priced in dollar, all of your major commodities, because it’s not just oil at this point,” she continues, “When you have these huge swings in the dollar, that means that threatens you as a nation, because you now may not be able to afford energy, or you may not be able to afford the food for your country.”

“That’s a national security issue,” she says. “And so, countries were getting sick of that we weaponized the U.S. dollar, and at the end of the day, they’re starting to move away from it.”

This is why it isn’t the Saudis who are to blame for the end of the deal.

“The Saudis did not break a deal. We’ve broken the deal long ago,” Roth says.


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