President Donald Trump denied reports that he plans to fire Federal Reserve Chair Jerome Powell, calling them “not true” during a bilateral meeting with Bahrain’s Crown Prince and Prime Minister on Wednesday. “I’ve got so many people begging for that job,” Trump said, downplaying the speculation. He added
High Rates Choke Growth, Cripple Trade, and Explode Debt Costs
By Adam Dick via Ron Paul Institute for Peace and Prosperity | June 06, 2025 The United States government says it has about 261 million troy ounces of gold in its gold reserves. That is rather impressive, if true. The US government is not a great role model for honesty, though.
By Ryan McMaken, Mises Wire | April 23, 2025 For a few days during the early weeks of the current Trump administration, it appeared that the Trump team might actually try to rein in the Federal Reserve. Trump and Elon Musk hinted that they would push for an audit of the
By Frank Shostak, Mises Wire | April 14, 2025 According to most commentators, artificially lowering interest rates by the central bank prompts businesses to increase investments in capital goods and the structure of production (e.g., tools, machinery, infrastructure). This is supposed to increase economic growth. In short, artificially lowering interest
By George Ford Smith, Mises Wire | April 14, 2025 Imagine being famous for saying something you never said, seven centuries after your death. What has come to be known as Occam’s razor—“entities are not to be multiplied beyond necessity”—has been attributed to English philosopher and theologian William
By George Ford Smith, Mises Wire | April 07, 2025 On February 18, 2025 President Trump issued an executive order titled, “Ensuring Accountability for all Agencies,” in which he says, …previous administrations have allowed so-called “independent regulatory agencies” to operate with minimal Presidential supervision. These regulatory agencies currently exercise substantial executive
By Paola Subacchi & Paul van den Noord - Project Syndicate | Mar 28, 2025 As long as the US dollar remains the world’s key international currency, the convenience yield of holding dollar-denominated assets will likely forestall a large-scale sell-off. But this stability hinges on one crucial assumption: that US
By Ireland Owens, Daily Caller News Foundation | March 19, 2025 The Federal Reserve announced Wednesday that it would hold its interest rates steady in its second meeting of 2025. The Fed’s decision to maintain its target range at 4.25% to 4.5% met economists’ expectations. The announcement comes
By George Ford Smith, Mises Wire | March 13, 2025 The Trump-Musk assassination troops going through the federal bureaucracy will eventually arrive at an oddball entity called the Federal Reserve. It is and isn’t many things, which if confusion is your sport, is part of its charm. It is an
By George Ford Smith, Mises Wire | March 03, 2025 “An inhabitant of Berlin, who in 1914 would have been jubilant upon receiving an unexpected legacy of 1,000 marks, did not think an amount of 1,000,000,000 marks worth his attention in the fall of 1923.“— Ludwig von
By Ron Paul, The Ron Paul Institute for Peace and Prosperity | February 24, 2025 President Trump recently issued an executive order instructing the US Mint to stop producing pennies. The reason for this is it costs nearly four cents to produce one penny. That’s right: the US government can’
By Ryan McMaken, Mises Wire | February 15, 2025 At its September 2024 meeting, the Fed’s FOMC cut the target federal funds rate by a historically large 50 basis points and then justified this cut on the grounds that “The Committee has gained greater confidence that inflation is moving sustainably
By George Ford Smith, Mises Wire | February 11, 2025 The Fed is in the business of generating inflation. It might attempt to stop the effects of inflation, namely rising prices. But under the old definition of inflation — an artificial increase in the supply of money and credit — the entire reason
By Daniel Lacalle, Mises Wire | February 10, 2025 Price inflation is rising, but it has nothing to do with tariffs. It has everything to do with the Fed’s policy and the Treasury’s uncontrolled spending. The Core PCE Price Index, which excludes food and energy, rose by 0.2
