Senator Bernie Moreno (R‑OH) blasted economic “experts” and Federal Reserve leadership during a Breitbart News policy event, declaring they’ve been “catastrophically wrong."
Federal Reserve officials have been cautious about lowering interest rates, with many citing concerns that tariffs—particularly under President Trump’s trade policies—could fuel inflation.
President Donald Trump’s push to roll back energy regulations is aimed at lowering inflation and easing the cost of living, according to EPA Deputy Administrator David Fotouhi.
Federal Reserve officials are increasingly divided over the future of interest rates, with a growing rift between those who believe monetary policy is too tight for a softening labor market and others who remain focused on persistent inflation. The disagreement comes on the heels of last week’s quarter-point rate cut and reflects broader uncertainty over how to balance the Fed’s dual mandate of stable prices and maximum employment.
The Federal Reserve on Friday officially ended its 2020-era policy that allowed inflation to run above 2 percent, a move intended to restore credibility and simplify its economic framework after years of persistent inflation. The announcement came during Chair Jerome Powell’s speech at the Kansas City Fed’s annual Jackson Hole conference.
U.S. consumer sentiment climbed more than expected in July, with optimism about future economic and job conditions growing across most demographics, according to data released by the Conference Board. The Consumer Confidence Index rose to 97.2, beating forecasts of 95.8 and marking a steady rebound from June’s revised 95.2.
On Friday’s broadcast of Newsmax TV’s American Agenda, former Trump Economic Adviser Stephen Moore said he remains optimistic about the U.S. economy, citing finalized trade deals and the passage of President Trump’s “Big Beautiful Bill” as key factors that will help moderate inflation and support growth.
