An open letter to the U.S. Congress

Powell Put America First. Now Congress Must Stand Against Trump’s Pressure!

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I want to thank Federal Reserve Chair Jerome Powell and the Federal Open Market Committee for keeping interest rates steady despite political pressure from Donald Trump. This decision reflects a commitment to economic stability rather than short-term political gain. Experts from the Brookings Institution and the Peterson Institute have praised this stance, noting that lowering rates now could reignite inflation and destabilize growth. The Fed's independence is crucial for our economy, free from partisan interference. Trump's attacks on the Fed are not based on economic reality but on consolidating personal power. Scholars like former Fed Vice Chair Lael Brainard warn that politicizing monetary policy undermines global confidence and risks repeating past mistakes. The Fed’s decision demonstrates leadership based on data, which America needs. I urge you to follow this example: Stand for truth and independent institutions that protect our democracy. Reject Trump's demands, which weaken our economy and erode public trust. It is time to prioritize the country’s long-term well-being over partisan loyalty.

▶ Created on July 30 by Accountability Starts Now

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