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Economists Miss Again as Trump Economy Defies Gloomy Forecasts
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Fox News, Approved, Commentary, National

Economists Miss Again as Trump Economy Defies Gloomy Forecasts

By Stephen Moore | Commentary, Fox News Professional forecasters underestimated GDP growth by nearly 50% as third quarter hits 4.3% despite predictions of economic slowdown. Well, Donald Trump has done it again! He stumped the chumps. The "chumps" in this case were the "blue-chip" academic and financial economists whose consensus forecast this time last year predicted high inflation and low economic growth. They were wrong on both counts. As you've probably heard, GDP growth for the third quarter came in at a red-hot 4.3%, following 3.5% for the second quarter. Some 90% of professional economists got it wrong — all underestimating the strength of the Trump economy. QED: These weren't random errors. These were "hate Trump" errors. They also...
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Small Businesses Lead Surprise Drop in U.S. Private Payrolls
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The Denver Gazette, Approved, National

Small Businesses Lead Surprise Drop in U.S. Private Payrolls

By Reuters | The Denver Gazette WASHINGTON – U.S. private payrolls unexpectedly declined in November as small businesses shed jobs, but the weakness is probably not a true reflection of the labor market’s health, with recent government data showing layoffs remaining at low levels late last month. Economists also cautioned against reading too much into the ADP employment report published on Wednesday, arguing its monthly estimate has historically diverged from the government’s private payrolls count produced by the Labor Department’s Bureau of Labor Statistics. “It is too loosely correlated with the official data to be troubling,” said Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics. “It would be unwise to lower forecasts for the official data, however, on...
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Denver’s Inflation Rate Leads Nation Despite Cooling Elsewhere
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kdvr.com, Approved, Local

Denver’s Inflation Rate Leads Nation Despite Cooling Elsewhere

By: Brooke Williams | KDVR FOX31 DENVER (KDVR) — Denver has some of the worst inflation problems of large metropolitan areas across the nation, according to new data. Personal finance website WalletHub released a study showing the changes in inflation for 23 major metropolitan statistical areas across the U.S., with the Denver-Aurora-Lakewood metro area having some of the biggest inflation problems. Nationwide, the rate of inflation sits at 3% as of September. WalletHub said factors like the war in Ukraine, labor shortages and recent tariffs drive inflation higher than the target rate of 2%. The study focused on the changes in inflation over the last year and the last few months. Highest Consumer Price Index change – Latest month vs two months before The study, ...
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It’s YOUR Money – Not The Government’s
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Rocky Mountain Voice, Commentary, National, Top Stories

It’s YOUR Money – Not The Government’s

By Russ Minary | Guest Commentary, Rocky Mountain Voice "Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other." – Ronald Reagan Ronald Reagan was a Democrat with conservative values, unlike many in his party. So he switched parties and became a Republican, serving two terms as California governor (1967–1975). He went on to national office, serving two terms as president (1981–1989). Reagan is often credited with our nation’s swing toward conservatism and is generally remembered favorably. He had a great sense of humor, which he used to move his agenda forward with Democrats, Republicans, and most Americans. During the Reagan administration, however, our national debt grew threefold—from $971 billion to $2.97 tril...
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Mortgage fraud case reignites debate over Lisa Cook’s Federal Reserve role
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The Western Journal, Approved, National

Mortgage fraud case reignites debate over Lisa Cook’s Federal Reserve role

By Randy DeSoto | The Western Journal Federal Housing Finance Agency Director William Pulte shared a journalist’s video on Tuesday that he said offers proof that Federal Reserve Governor Lisa Cook engaged in mortgage fraud. President Donald Trump fired Cook, a Biden appointee, last month over allegations of wrongdoing in relation to two mortgages she took out in 2021. In loan applications filled out within weeks of each other, she allegedly listed both a home in Ann Arbor, Michigan, and a condo in Atlanta, Georgia, as her primary residence. Loans for “primary residences,” as the Reuters news agency noted, “can carry easier terms than those for second homes or investment properties.” Cook has refused to leave her job as governor, and the Federal Res...
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Inflation relief hands Trump a talking point on tariffs and the economy
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The Western Journal, Approved, National

Inflation relief hands Trump a talking point on tariffs and the economy

By Randy DeSoto | The Western Journal President Donald Trump took a shot at Goldman Sachs’ CEO and its economists Tuesday while touting July’s inflation number, which came in cooler than expected. Goldman Sachs was among the many investment firms that predicted in April that Trump’s tariff policy would be inflationary, tank the stock market, and likely cause a recession. The Bureau of Labor Statistics reported that the consumer price index rose 2.7 percent in July compared to the same month last year and rose 0.2 percent from June. That compares to a 2.8 percent increase predicted by Wall Street, according to CNBC. Trump responded to the report, posting on Truth Social, “Trillions of Dollars are being taken in on Tariffs, which has been incredib...
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Interest rates stay put: President Trump says Powell is costing the country trillions
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THE HILL, Approved, National

Interest rates stay put: President Trump says Powell is costing the country trillions

By Alex Gangitano | The Hill President Trump on Thursday blasted Federal Reserve Chair Jerome Powell, lodging insults at the head of the central bank for opting again to not lower interest rates. “Jerome ‘Too Late’ Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair,” Trump wrote in a post on Truth Social. “He is costing our Country TRILLIONS OF DOLLARS, in addition to one of the most incompetent, or corrupt, renovations of a building(s) in the history of construction! Put another way, ‘Too Late’ is a TOTAL LOSER, and our Country is paying the price!” the president added. The nation’s central bank on Wednesday kept short-term interest rates at a level of 4.25 p...
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Rand Paul introduces bill to audit the Federal Reserve after $2.5B renovation uproar
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Washington Examiner, Approved, National

Rand Paul introduces bill to audit the Federal Reserve after $2.5B renovation uproar

By Washington Examiner Staff | Washington Examiner Sen. Rand Paul (R-KY) introduced legislation on Thursday calling for an audit of the Federal Reserve. The senator’s proposal comes after Federal Reserve Chairman Jerome Powell has faced scrutiny for the $2.5 billion in renovations he authorized for two federal buildings in Washington, D.C. Paul’s bill, the Federal Reserve Transparency Act, would require a complete audit of all of the Federal Reserve’s operational activities and mandate an enhancement of its decision-making through increased congressional oversight. The Comptroller General of the United States would complete the audit and include an inspection of “the Board of Governors of the Federal Reserve System and of Federal Reserve banks,” acco...
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Ortiz: Powell must act—BBB unlocked the door, now unleash Main Street
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Breitbart, Approved, National

Ortiz: Powell must act—BBB unlocked the door, now unleash Main Street

By Alfredo Ortiz | Commentary, Breitbart American small businesses scored a major victory with this month’s passage of the Big Beautiful Bill, which locked in lower taxes and restored key tax breaks. However, the nation’s job creators are still operating with one hand tied behind their backs due to the ongoing high-interest rate environment. The Federal Reserve is working at cross purposes with policymakers trying to unleash growth. At its July meeting next week, the Fed has the opportunity to change course and align monetary policy with fiscal policy to support small business dynamism. It should move swiftly to meaningfully cut interest rates and begin restoring affordable access to credit for America’s small business backbone. Rather than being data-dependent, Fed C...
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New Fed Enforcer Michelle Bowman Tightens the Screws on Big Banks
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National, The Daily Economy

New Fed Enforcer Michelle Bowman Tightens the Screws on Big Banks

By Bryan Cutsinger | The Daily Economy Earlier this month, in her first public speech as the Federal Reserve’s Vice Chair for Supervision, Michelle Bowman laid out her vision for how the central bank should oversee and regulate US banks. At the heart of her approach is pragmatism: identifying problems, crafting efficient solutions, analyzing both intended and unintended consequences, and considering alternative approaches that might produce better results at lower cost. Bowman outlined how her pragmatic approach can improve the Fed’s oversight of the banking system. She focused on four key areas:  Enhanced Supervision: Enhancing supervision to better achieve the Fed’s safety and soundness goals;  Bank Capital: Reforming the capital framework to ensure it al...
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