The Federal government is out of control, giving away America’s wealth as fast as it can, and that is a drastic change from what America experienced under President Donald J.Trump- who put Americans first before foreigners.
Everywhere we look, the Biden administration and Biden’s allies are looting the American tax base and making the country weaker. One of the people responsible for that is the man who is acting as the “Federal Chair” and who appears to be openly bragging about his powers to promote a social justice agenda- over securing prosperity for the American people.
The job of the Federal Chair is described by Investopedia as follows: “The chair of the Federal Reserve Board is the active and most visible executive officer of the Federal Reserve Board. The chair provides leadership and executes the mandate of the central bank, pushing for maximum employment, stable prices, and long-term interest rates in the moderate range.”
So what the Fed is doing now, is a great usurpation of the promise to the American republic. Check out what the Federal Chair said recently.
‘I don’t want to hear any more of these lies about reckless spending,’ he said. ‘We’re changing people’s lives,” said Fed. Chair Jerome Powell.
Nearly a million-and-a-half Americans could lose their jobs next year, according to a new report from the Federal Reserve, a negative turn that would put an end to President Joe Biden’s favorite economic talking point.
Higher interest rates and other economic conditions spell grim news for the U.S. labor market, a panel of Federal Reserve economists concluded in a report released Wednesday. Just under 6 million Americans are now without work, but that number could reach as high as nearly 7.4 million by 2023, according to the report.
Biden often points to a low unemployment rate as evidence that his policies have fueled a strong economic recovery, even as skyrocketing inflation forces Americans to dip into their savings to pay for basic goods and services. He boasted on Tuesday at one of the nation’s largest labor union events that “unemployment is near historic lows.” Last month, Biden said in a Wall Street Journal op-ed that he believes the country can dramatically lower inflation without sacrificing jobs.
Real estate firms Compass and Redfin announce layoffs as housing market slows
- In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
- Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to 6.28% now, according to Mortgage News Daily.
- Home sales have been dropping for several straight months, and the fall is expected to worsen.