It looks like the FED wants to purposely destroy the US economy by destroying the housing market.
Jerome Powell is no friend of the American people. His actions are likely to bring on a major recession if not stopped. He’s like a mad man overseeing the button to nuclear arms and this may be more applicable today than ever before.
This is why America must “END THE FED”.
Powell who works for the Federal Reserve shows every day why the FED needs to be stopped and dissolved. The FED has so much power over the US economy which is so dangerous and Jerome Powell’s actions say why this is the case.
The Federal Reserve states that its policy is as follows:
The Federal Reserve Act mandates that the Federal Reserve conduct monetary policy “so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”1
Unfortunately, this is not what Jerome Powell is doing. He is doing the opposite.
By keeping lending rates at exceptionally high levels, Powell is costing US taxpayers trillions in debt that is priced with higher interest rates. Powell is also single handedly killing the housing market with this over the top rates as well.
Peter St. Onge, PhD shares the crisis Powell is creating in the housing market through his America killing economic strategies.
There are now a half million more house sellers than buyers.
That’s the worst since the 2008 housing crisis.
The average American has two-thirds of their retirement in their home.
If housing breaks, they break. pic.twitter.com/rAzu6Er8a3
— Peter St Onge, Ph.D. (@profstonge) June 23, 2025
I agree Powell and the Fed need to go. But todays 30yr mortgage rate is half of what it was in 1990 when I bought my first house.
I agree Powell and the Fed need to go. But todays 30yr mortgage rate is half of what it was in 1990 when I bought my first house.