Powell Admits An Uncomfortable Truth That Vindicates Trump’s Agenda (Video)

Remember when the left was planning to pop corks over the rate cut? It was supposed to signal that the inflation beast had finally been beaten. Instead, it told a different story.

Of course when we start asking her about it, we’ll probably get another longwinded story about ‘growing up middle class’ — which is kind of a weird claim for a child whose parents are BOTH tenured professors.

Buried in the middle of Jerome Powell’s presser is the admission that this big change was not motivated by changes in the inflation numbers so much as ANOTHER number that has the fed looking nervous.

Specifically: employment numbers.

Question Paraphrased: In July you said you weren't doing 50 bps, what changed?

Powell: We know the Payroll (Jobs) data was artificially high & it will be revised down, YOU KNOW THAT”

😳 https://t.co/twBrhsVLwu pic.twitter.com/6PxAim1H7N

— The Coastal Journal (@1CoastalJournal) September 18, 2024

Bidenomics strikes again.

Here’s Biden’s spokes-muppet hard at work, gaslighting Americans about how amazing the economy is:

KJP: "As Chair Powell just said the labor market is actually in solid position"

Fact: The Bureau of Labor Statistics revised the jobs number down by 818,000 this year than previously reported. pic.twitter.com/nY6syf6NtI

— Media Research Center (@theMRC) September 18, 2024

The job numbers aren’t good. Part of the reason was because they were being misreported as much higher than they really were. That’s ONE part of the problem he’s dealing with. What’s the other one?

Fed Chair Jerome Powell says the invasion of illegals has made unemployment rise.

The illegals who work are taking American jobs and the ones who don’t are taking American tax dollars.

Mass deportations will fix all of this.pic.twitter.com/ErzYtmnDP5

— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) September 18, 2024

People pouring in over the borders has allowed unemployment rates to rise?

What. A. Shocker.

If only someone has seen such a connection before people had already begun voting for 2024. If only someone had been raising issues like this one:

Administrations can fudge the basic numbers. We see this all the time. It’s a way that bureaucrats can make administrations they favor look more effective than they really are, or make administrations they disfavor look worse than they really are. It can change reporting rules, definitions, leave out important reporting information (think FBI crime numbers omitting data from large cities).
[…] An increase of 200k jobs in the context of a stable population is a very different story than an increase of 200k jobs in a country where we are blowing out our population numbers by adding hundreds of thousands of new people every month. — ClashDaily

Oh, right. That was from my critique of the July jobs announcement that was later ‘revised downward’ by some 800,000 or so.

Yay for Bidenomics. Or something.

The root of the problem the Fed is trying to solve is a direct response to the failure of the Border Czar to stem the tide of people swarming across our border. Today we had a hearing that told us WHY she has been able to solve that problem.

Simply put: she doesn’t WANT to solve it, because she doesn’t think it’s a problem.

🚨 Mark Krikorian says that when it comes to immigration, our hearing title is wrong.

“Don't take this the wrong way, but with regard to immigration, the title of the hearing is a little bit misleading.

“The Biden-Harris record on immigration is the result of neither… pic.twitter.com/b1gInzjK2h

— Oversight Committee (@GOPoversight) September 19, 2024

People flooding into America isn’t a ‘bug’ of the Kamala/Joe era.

It’s a ‘feature’.

Cross-posted with Clash Daily

Related:

• Inflation Ticks Up To 3.2 Percent In February Amid Jump In Energy, Transportation And Shelter Prices As Fed Weighs Interest Rate Cuts
• WSJ Tells Americans To “Skip Meals” To Deal With Food Inflation As America Collapses Into A Lawless THIRD WORLD Dumpster Fire
  
• Inflation Is Low? An Egg McMuffin Used To Cost 99 Cents – Guess How Much One Costs Today? (Video)
• “A Constant State Of Sticker Shock” – Here Is Proof Inflation In The US Is Wildly Out Of Control
• Say What? Gavin Newsom Lies While Suggesting Inflation Is A Conservative Lie

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