Cover art for Minor Issues

Why Jay Powell’s Fed Will Not Cut Interest Rates

Minor Issues

Published
July 19, 2025
Summary source
description
Last updated
May 24, 2026

Discusses In this episode, Mark Thornton breaks down the political pressure from Trump, market demands for che…

Summary

In this episode, Mark Thornton breaks down the political pressure from Trump, market demands for cheap money, and the Federal Reserve’s real fears: a collapsing dollar, rising inflation, and soaring long-term rates. Mark traces the history of interest rate manipulation, the precarious state of US debt, and why Chairman Powell may be clinging to high rates…

Intelligent Report

Sign in to read teasers, or upgrade to Research Pro to commission intelligent report for this episode. Learn more →

Show notes

In this episode, Mark Thornton breaks down the political pressure from Trump, market demands for cheap money, and the Federal Reserve’s real fears: a collapsing dollar, rising inflation, and soaring long-term rates. Mark traces the history of interest rate manipulation, the precarious state of US debt, and why Chairman Powell may be clinging to high rates—not for the public good, but to save face before his 2026 exit. With the dollar weakening and deficits exploding, Mark explains why the next c

Why Jay Powell’s Fed Will Not Cut Interest Rates | Minor Issues | Vagelintel