The Fed DID Something HISTORIC Days Before the Midterms... Trump Has Been Warning About This!!

The Federal Reserve just froze interest rates, folks, just days before the midterms. And the message to Wall Street and to you and I, it was pretty simple. You're on your own. No hints, no signals, no roadmap for December. Even Jerome Powell, the guy that President Donald Trump named too late, at least dropped some breadcrumbs for us. But now crickets, just total crickets. In fact, The Fed says politics played no role. Okay, then why does it keep landing on your kitchen table? Now, President Trump has been very crystal clear about this. In fact, he wants rates at 1% or lower. That's right, this is the first we're hearing from the president. Since that decision to raise interest rates, he just posted on Truth Social saying interest rates in the United States should be 1% or less because we are the best credit in the world by far. Our country is booming with new investment. If we stop trading with every country that we have a deficit with, which is most of them, We would make at least $1.5 trillion a year. The word deficit is nothing more than a fancy word for loss. We are carrying almost every country in the world, and that cannot go on any longer. Lower the interest rates for the United States of America and fast. Now, a little interesting here, Melissa, he seems to be re-upping at least a loose threat to cut off all trade with most of the US's trading partner, something that we first heard a couple of weeks ago in part of this campaign to pressure the Fed to lower rates. But he wasn't going after Fed Chairman Kevin Warsh here directly at all. This comes after a White House spokesperson earlier today called the move rather unfortunate. President Trump says that Americans deserve cheaper borrowing. Well, the Fed's answer, a rate hike in September, the first rate hike And now we're getting a rate freeze? Now, here's a twist. The two Fed officials wanted to hike again. One of them, Lisa Cook. Do you guys remember the Biden appointee that President Trump has been trying to remove over mortgage allegations that she denies? Yeah, that Lisa Cook. So the official that's fighting over her own mortgage paperwork voted to make your mortgage cost you more. You can't even make this stuff up, guys. Well, you can, but you don't even have to. Oh, and now it gets even worse. Wholesale Wholesale prices just jumped 6.3% in a single year. Treasury bonds pay over 5.5%. Seven companies, Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta, and Tesla are holding up your entire 401k. Now, picture a table with like 500 legs. Seven are touching the floor. Home prices are sliding in Florida, Texas, even California. And young families, they still can't even get through the door. Oh, and the midterms are Tuesday, guys. Michigan, Georgia, North Carolina, Ohio. Texas, nobody's sleeping. You've heard unprecedented so many times, you're starting to miss precedent at times. Good news, guys. Since 1950. One midterm pattern has gone 19 for 19. Next Tuesday is number 20. Cable news, they're too busy saying unprecedented. Well, today, guys, we're going to go ahead and connect every dot they managed to skip, okay? Now, real quick, folks, if you or somebody you love is on Medicare turning 65 years old, check out Chapter. They're Medicare experts. And they help you for free. It's incredible. And beyond the free part, they're saving the average senior about $1,100 a year. It's like, how on earth could you possibly beat that? Anyway, I left their phone number down below in the description, 909-563-8279. When you call them, tell them your friend Ron says hello. Appreciate that, guys. They know me over there. Because Medicare really should not be more confusing than a Fed press conference. Now, if you're new here, of course, go ahead and hit subscribe. Welcome to the party. The Fed will not tell you what is coming, but we will. So go ahead and hit subscribe. That way you're never on your own. And if this helps, just go ahead and hit the like button. It's free, unlike eggs. Yeah, so check this out, guys. What happened? Wednesday afternoon, the Federal Reserve walks out, 12 voters, 10 say freeze, two say, well, we'll get to them. Oh, trust me, guys, we will get to them. All right. Federal Reserve decided to keep interest rates unchanged. This is the fifth time this year the central bank has paused rates after raising interest rates in September. It is also the final interest rate decision before the midterm elections as the economy, of course, remains top of mind for voters. Let's bring in NBC News business and data correspondent. Brian Chung, he's at the Federal Reserve headquarters in Washington today. Brian, experts were forecasting a pause, so not a big surprise here. But Fed Chairman Kevin Warsh has repeatedly said fighting inflation is a top priority. What is the reasoning for pausing today and how does that square with trying to bring down inflation? Yeah, and I think that's the type of mixed messaging that the Fed chairman, Kevin Warsh, is going to have to answer in his press conference, which begins in about 20 minutes. Again, as you mentioned, the headline here, the Federal Reserve holding interest rates steady at the conclusion of this meeting. That is what experts and analysts in the markets were expecting them to do going into this meeting, in part because of the commentary that we had heard from a chorus of Fed officials in the lead up to this meeting, suggesting that they wanted to see more information. And that's really codified in the statement that we got from the Fed where I want to leave you with one final thing here, which is that there was two votes Once against the decision, one of them was from the Cleveland Fed president and the other from Governor Lisa Cook, a Biden appointee who has very much been under the fire of the president under allegations of mortgage fraud. So rates stay put right where they landed after September when the Fed raised rates for the first time since 2023. Now, I want you to picture a trading floor somewhere in New York, hundreds of people, expensive suits, even more expensive coffee. They're all staring at one screen and they're waiting for a hint about December. Nothing, Nothing, no roadmap, no wink. So now, President Trump. He has been crystal clear about this for years. President Trump, he wants rates at 1% or lower because he says that Americans deserve cheaper borrowing, cheaper homes, cheaper car loans, a little bit of breathing room. Now, you guys remember Jerome Powell, right? President Trump named him too late. And honestly, the nickname kind of aged pretty well. Think about it, right? He got it all wrong. He's too late. We call him. Jerome Too Late Powell. It will live with him forever. I believe that name will live with him forever, along with the name Pocahontas and some of the others. People aren't able to get good mortgages. They're paying too much because of Jerome Too Late Powell. He's truly incompetent. I'll be naming a new chairman sometime within the next... I think I'll name it a little bit earlier, the new chairman. I'm down to three or four names. All good. All great. The problem is you name them and then they turn out to be not good. That's happened to me a couple of times. You name somebody, they tell you everything you want to hear, and then they go in and they turn out to be not good. I mean, he told me everything that I thought was appropriate. He turned out to be stiff. Now, Kevin Warsh, Trump calls him fantastic. Then the Democrats showed up. Senator Elizabeth Warren of Massachusetts called Warsh A sock puppet. Hopefully it wasn't that crunchy sock in the laundry. Senator John Kennedy of Louisiana asked him point blank if he'd be one. Kevin Warsh's answer? Absolutely not. And then the Fed hiked rates anyway. Some puppet show, Senator. So here's where we are, guys. The President of the United States, Donald Trump, says lower. The Fed says higher. And somehow in Washington, the guy fighting for cheaper loans is the controversial one, only in D.C. Now, you know somebody in Florida, Texas, or anywhere else waiting for rates to drop before they buy a house or a car? Go ahead and send them this video right now before they sign anything. Could save them thousands. Go ahead, guys. I'll wait. I would like to start with it. Straightforward, simple question. Do you work for Donald Trump? Yes or no? If I'm permitted to say, we're an independent central bank. We're honored to be independent. Our independence came from you. Okay, that's enough. Thank you. What steps would you take if the president or others in the administration target you or your fellow governors because he doesn't like how many of them are voting on interest rate policy? So it's not my intuition to engage in hypotheticals, but I'll tell you this. Yes, the Supreme Court. That's an easy way out. The Supreme Court said that the Federal Reserve and the conduct of monetary policy is independent. To the extent there were questions about it, the courts answered those questions. So what would you do? I would continue to do my job. Okay, good. Chair Walsh. Do you agree that current monetary policy exists in an extremely polarized and politicized environment? Outside the four... Walls of the Federal Reserve, there's no doubt a lot of politics. My goal inside the central bank is for there to be no politics. The extent there's politics there, we're going to get rid of them. Now, you remember those two no votes? Yeah, they didn't want to freeze. They wanted another rate hike. Days before an election, meanwhile, families in Ohio, Georgia, and Michigan are counting quarters at the gas pump. Vote number one, Beth Hammack of the Cleveland Fed. That's right, Cleveland Fed, guys. Vote number two, Lisa Cook, Biden appointee. Now, President Trump has been trying to remove Cook over mortgage allegations. She denies them, calls it a political hit job. The Supreme Court, well, the Supreme Court is letting her stay until the case plays out. But I want you to think about this for a second. The official In a legal fight over her own mortgage paperwork, just voted to make your mortgage more expensive. You can't even write this stuff. Well, you can. Hollywood would probably reject it for being too obvious. Now, the irony, guys, it's not dead, folks. It has a seat on the Fed board. President Trump is on the road to Syracuse, New York, as he campaigns for Republican gubernatorial candidate Bruce Blakeman. And while he's been to New York before, this is his first visit to Syracuse as a sitting president. But first, he's on a mission to fire the Fed. Federal Reserve's Lisa Cook. He's established a committee to look into allegations that Cook made false statements on mortgage documents. Now, the president first attempted to oust Cook from the Fed last year after Bill Pulte made that claim. But back in June, the Supreme Court ruled Cook could continue to serve. So we need to talk about groceries. Bring a tissue with you, okay? Official inflation, 3.7%. This is the highest since 2023. Now, go buy eggs and tell me it feels like 3.7%. Your receipt says otherwise, loudly. But here's the part nobody's talking about. Wholesale prices. What stores are paying before you do. It's up 1.3% in one month. This is more than double what the experts guessed, up 6.3% for the year. Now, I want you to picture a semi-truck Loaded with price hikes. It's already on the highway. It just hasn't pulled into your Publix in Florida or your HEB in Texas yet. Oh, and inflation. That's right, guys. Inflation. It is a tax. No vote. No ballot. No bill in the mail. Washington just spends for decades and your dollar quietly shrinks. They don't rob your wallet. They rob what's in it. Europe's feeling it too. Misery loves company, apparently. So a treasury bond is basically an IOU. You lend Uncle Sam money. He pays you back with interest. But right now, the U.S. Treasury pays over 5.5% on 30-year bonds. Long-term rates, they're the highest in decades. So Wall Street's asking the the question right now. Why gamble on stocks when the government pays 5.5% just to sit on the couch. Now, picture money. Pouring out of the stock market into a giant government vault. Here's a catch. Inflation is the back of that vault with a drill. If prices climb 4, 5, 6% a year, you're safe 5.5% that you're earning from your bonds. It's barely treading water in a hurricane. And lending even more money to Washington? Yeah. The same town that treats a trillion dollars like pocket change? That's a bold move. Good news for savers, though. Grandma's CDs in Florida finally earned something. So here's where it really. hits home, literally. Those treasury rates, they set the price of almost every loan in America, even the couch that you financed in 2023, and still regret doing it. Now, picture a row of dominoes. The first one says treasury yields. It tips. Down goes your mortgage. Down goes your credit card bill. And Wall Street, they're not betting on relief. Markets expect another Fed hike before New Year's. That's right, guys, more hikes into 2027. This is the exact opposite of of what President Trump keeps calling for. In fact, Trump says So if you're in Arizona or Colorado waiting for rates to drop before you buy, get comfortable folks. The Fed just froze rates. Your bills, they didn't get the memo. Federal Reserve met today and actually upgraded its views of the U.S. economy, said it's now going at a strong pace. This was a split decision. It came on a 10-2 vote, and the dissents were... We're from two policymakers who thought the Fed should raise rates today because inflation has been really persistent and partly because of this AI spending at risk of accelerating even further. Those dissents were from Cleveland Fed President Beth Hammack, who has dissented before and been very hawkish, and also from Governor Lisa Cook. This is her first dissent on this issue and interestingly comes just a week before the White House is scheduled to hold a hearing about Trump's efforts to fire her from the board. Look, they're probably going to raise rates in December. They just raised rates in September. They want to take some time and see what happens. So I got good news for you though, folks. Home prices are falling. Cape Coral in Florida, down about 9%. Austin, Texas, yeah, about 15% below Arizona, California, Colorado, all slipping down. So houses are cheaper. Pop the champagne, guys. Oh, let's celebrate. Put the champagne down. Because higher rates eat the discount alive. And in Florida, the insurance bill shows up looking like a second mortgage with a hurricane altitude. And in Florida, the insurance bill shows up like a second mortgage with a hurricane attitude. Meanwhile, new home construction just dropped 5.2%. Fewer houses, same crowd of buyers. Picture a young couple, right? Baby seat in the back of the car, parked outside of an open house, and they're doing the math on a napkin. They're running it twice. And then all of a sudden, they're quietly pulling away. It's just not working out. They did everything right. So here's a thought, folks. What if the first-time homebuyers under 35 years old get a rate relief? It's a crazy idea. I know. helping Americans buy American homes. Who knew, right? Now, quick question for you. Do you own the S&P 500, maybe through your 401k, your IRA? Maybe you're in Maine or Louisiana. A big chunk of your money rides on seven companies. I don't know if you realize this, but Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla. Yeah. The S&P 500, it's not 500 equal slices of a pie. It's actually weighted by size. And those seven giants, they make up like 35% of the whole thing, seriously. This is the most top heavy that it's ever been since the railroad barons of the 1800s. Top hats at the time were optional. Now, look, the top 10 stocks drove 59% of this year's gains. Meanwhile, about four in 10 stocks are down. So picture a giant circus tent. 500 people inside of this tent. Seven poles are holding the whole thing up. And what happens when one of those poles wobble? Oh, Wall Street's big players, they have hedges. Insurance, escape hatches. Oh yeah, you already know that the hedge funds are likely going to be safe. Your retirement account has hope. Yeah. So why are those seven giants so giant? Two letters, folks. AI. Microsoft, Amazon, Alphabet, and Meta, they are spending hundreds of billions of dollars on AI. Nvidia sells them the chips and pretty much smiles all the way to the bank. AI spending is about a third of all US economic growth this year. One third, guys, from one bet. Like, picture a casino, one table's roaring, the rest of the room lights off, dust on the slot machines. Now, to be very fair, guys, these companies, they make real money. Boatloads of cash. This is not 1999 before the dot-com boom. But stock prices compared to earnings are near dot-com bubble levels. The only time it's been higher than this back in 2000. Right before the crash. Now, if the bet pays off, insiders get rich. If it doesn't, well, guess who's left holding the bag? Hint, look at the mirror. Now, we got to talk about the jobs report, guys. September, only 29,000 jobs added. This is less than half a football stadium. And July just got revised down to a loss. Now, you've already seen it. Somebody at church, somebody on your street, somebody at your job packing a cardboard box. This is exactly why President Donald Trump wants rates down. Cheaper borrowing means businesses higher, families breathe, everybody wins. The Fed's plan? Maybe raise rates. Into a slowdown. This is like slamming the brakes on a car that's already running out of gas. It's a bold strategy, folks. And then, of course, there's oil. Middle East tensions keep gas prices on a hair trigger, but the best case, oil? Oil cools down. The Federal Reserve stops at one rate hike. Worst case? More rate hikes, higher gas, and paycheck-to-paycheck families in Michigan and North Carolina, they take a hit. Again. Unprecedented? Well, if I hear that word one more time. I'm probably going to throw my TV into the nearest lake. So here's something precedented finally, right? Midterm years are usually rough, like an average 17.5% drop since 1950. But after the votes, after the midterm votes, the market was higher a year later, 19 out of 19 times. Average gain about 15%. Now, if we go all the way back to 1874, 32 out of 38, guys, this year broke the mold. Biggest drop, only 9%. Market already up 10%. Now, Michigan's open Senate seat, Roy Cooper in North Carolina, John Ossoff in Georgia, Sherrod Brown versus John Husted in Ohio, Maine, New Hampshire, Texas. It's all a coin flip. Open governor's mansions in Florida and California with Ron DeSantis and Gavin Newsom heading out. Wall Street. They don't care who wins. It just wants it over. Next Tuesday is number 20. So the sky has been falling since before most of us were even born. Panic is not a plan. Panic is a feeling with a bad haircut. So here's a plan, folks. One, cut your fixed bills as much as you can. Every bill that you erase forever is one that the Fed can never touch. Your mortgage is one of the biggest ones. This is exactly why I built the Mortgage Eliminator. If you want to learn more about the Mortgage Eliminator, I left a link for you down below in the description of this video. Number two, go ahead and kill off that hot So, the Fed went silent. The midterms are Tuesday. Your bills are still not frozen, but you're not on your own, folks. This video helped. Hit the like button on the way out. It is the cheapest thing you're going to buy all week.