Neither Trump, Nor Powell, Know What Interest Rates Should Be — End the Fed
July 18, 2025
Peppered within this week’s headlines was President Trump’s on-again, off-again firing of Federal Reserve Chairman Jerome Powell. The key variable that is never mentioned, however, is that neither Trump, nor Powell have any idea what interest rates should be. Powell’s job shouldn’t exist in the first place. Markets determine prices; not the president, and not something called a “Federal Reserve Chairman.”
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Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
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