(DCNF)—It’s hard to believe that a few years ago Time Magazine considered naming Federal Reserve Board chairman Jerome Powell as their Man of the Year. He may well have won, if it hadn’t been for someone named Taylor Swift.
Powell has been idolized by the left for one reason: he’s been a thorn in the side of Donald Trump for years. If Trump says “ying” Powell says “yang.”
Last week Powell finally lowered the federal funds rate and better late than never. But his speech to the media was a tirade against Trumponomics. He was filled with doom and gloom in his statement telling global investors that the economy is growing at only 1.6% so far this year and 1.6% next year.
What country was he talking about? Afghanistan?
Here are the facts: In the second quarter of this year, the U.S. economy grew by 3.3%, and with a few weeks to go in the third quarter, the Federal Reserve Bank of Atlanta is forecasting 3% growth – twice Powell’s cracked crystal ball.
Powell also never mentioned that real household incomes are up $1,100 for the first seven months of 2025. He never mentioned that capital investment – the seed corn of a growing economy has been ramped up with hundreds of billions pledged next year.
He attacks Trump’s tariffs and more restrictive immigration policies as restricting growth – and he has a point that those have slightly slowed growth. But he never mentions the Trump tax cut, the immediate expensing for capital purchases (which has spurred an investment boom), the deregulations that could save up to $1 trillion this year, or that Trump’s pro-energy policies have increased U.S. production of oil and gas to record highs, or that the area where job growth is way down is in government employment – which is GOOD for the economy.
There’s also something almost comical about a Fed chair who let inflation soar by 21% during Biden’s four years in office – the highest rates in nearly 40 years dating back to Jimmy Carter’s stagflation. He promised inflation was “transitory” – oops. Tell that to people whose grocery bills rose by one-third in four years.
He accommodated the disastrous lockdowns of the economy with nary a word of objection by shoveling trillions of dollars into the economy in 2020 and 2021. The result: Americans saw a three-year crash in their after-inflation incomes. It was right and proper that Americans chased Biden and Harris out the door, but here we are nine months later, and Powell is still around.
Powell is attacked by Trump as “too late Jerome.” But the reality is he’s “too wrong Powell.” His job, as former World Bank president David Malpass notes, should be “to defend the dollar and keep it stable in value.” Steve Forbes adds that Powell has followed the wrongheaded creed of the 300 Ph.D. economists over at the Fed’s temple that growth causes inflation.
He has a bully pulpit that can and should be used to attack the dangerous levels of government debt and deficit spending. He rarely does.
Powell’s defenders counter any criticism of the Fed by reflexively arguing that the central bank should be independent. Yes.
But it should also be competent and accountable. Under Powell’s reign of error, the central bank has been neither. He makes up monetary policy as he goes along and that has increased the instability of the U.S. economy and financial markets.
He has been a walking billboard for a rules-based monetary policy – perhaps a gold or commodity standard.
Powell should admit he’s in over his head and exit stage left now before he does more harm. But he lives in a media-created delusion that he’s the last line of defense against Trump. The good news is at least he will be gone in seven months. Hopefully the next Fed chairman will learn from his series of blunders.
Stephen Moore is a co-founder of Unleash Prosperity and a former Trump economic advisor. His latest book is “The Trump Economic Miracle.”
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
