Federal Reserve Principal Economist who Reveals to O’Keefe Media Group that Fed Chair Jerome Powell “Wants to be Remembered in History” for Undermining Trump, Says Conservatives are “Dumb” and Discriminated Against at Federal Reserve
James O’Keefe’s O’Keefe Media Group has released undercover footage of a Federal Reserve employee admitting to how Federal Reserve Chair Jerome Powell sabotaged President Trump and wants to go down in history as “someone who held the line against Trump.”
Principal Economist Aurel Hizmo, a self-proclaimed liberal, told an undercover journalist more about Powell’s hatred for Trump, saying, “As soon as he became Chair, Trump wanted him to lower interest rates. Because when you lower interest rates, it stimulates the economy, and Trump was President. He wanted to stimulate the economy, but he wouldn’t do it. And he started raising interest rates, and doing the opposite of what Trump wanted. Trump tried to find all the loopholes to fire him.”
The Federal Reserve continues to raise interest rates under Joe Biden, which Hizmo says is to prevent a recession and the economy from crashing.
The Federal Reserve raised interest rates at least 11 times since 2022 – 7 times in 2022 and 4 times in 2023 – in an effort to hedge inflation.