January 1, Fed Boss Powell Faces Harsh Criticism Again

Wyatt’s Take

• Jerome Powell faces fresh anger over his management of the Federal Reserve.
• Critics say Powell ignored positive growth and failed to answer for past mistakes.
• Many believe a new leader is needed to keep America’s economy strong.

Jerome Powell was once floated as a candidate for major awards, but now many see him as the wrong man for the job. When he finally cut interest rates last week, he took aim at President Trump’s economic policies instead of celebrating America’s growth.

He told investors the U.S. economy was only growing at 1.6%. But the real figures show better numbers, with a 3.3% jump in the second quarter and more promising forecasts ahead.

One thing Powell left out: household incomes have climbed this year, and businesses are investing more than ever. Many believe Trump’s tax cuts, deregulation, and energy policies have powered these gains while cutting government jobs and raising private sector strength.

Powell blames tariffs and immigration limits for slower growth. But he ignores the positives, like the investment boom and booming oil and gas output. Critics say he fails to highlight how government jobs shrinking can actually help the economy.

Inflation hit families hard under Powell. Prices soared by 21% in four years, the highest in decades. He once called this inflation “transitory,” but everyone sees the toll it takes at the grocery store.

During the pandemic, Powell pumped trillions into the economy, leading to painful drops in real wages. While politicians changed, he stayed on and is now seen as too slow to fix the damage.

Many experts think Powell has the job of defending the dollar but keeps getting it wrong. They say he should warn about dangerous debt and spending levels, but he rarely does. Instead, his unpredictable choices have made markets more shaky.

Calls are growing for new leadership, as Powell seems lost and keeps giving mixed messages. The hope is the next Fed boss will learn from Powell’s mistakes and steady the ship for working Americans.

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Wyatt Matters

The families who power this country need honest leadership in Washington, especially when it comes to the economy. Americans deserve a central bank that protects their paychecks, not one that lets inflation get out of hand. We build our lives on steady work and strong dollars, and we can’t afford leaders who ignore our everyday struggles.