(DCNF)—Editor-in-chief of Forbes and Republican businessman Steve Forbes ripped into Federal Reserve Chairman Jerome Powell on Wednesday on Fox Business’ “Kudlow,” telling Powell to focus on having a “stable value for the dollar” instead of mouthing off about tariffs.
Powell claimed to a panel on July 1 that the U.S. central bank would have lowered rates by now if President Donald Trump had not imposed sweeping reciprocal tariffs against a handful of countries, according to CNBC. Forbes discussed two key Republicans — former Fed Gov. Kevin Warsh and Trump’s top economic adviser Kevin Hassett — who are reportedly eyeing Powell’s position. Host Larry Kudlow asked Forbes about a potential change.
“Well, we have to see whether they can have a lot of those economists do something useful for humanity, like becoming Uber drivers. I don’t know what you can do in terms of replacing them,” Forbes said. “But in terms of the Fed governors and the like, I think what Secretary of the Treasury [Scott] Bessent and the president have to do is start laying the intellectual foundation [of] why the way the Fed operates is all wrong. Their philosophy is all wrong.”
“Prosperity does not cause inflation,” Forbes added. “The Fed has a really anti-growth bias, as you well know, and their focus should be not on trying to manipulate the economy. That did not work with the Soviet Union, and the feds made a hash of it here. They should focus on having a stable value for the dollar, what you would call King Dollar. That’s what should be their sole focus.”
Just days after Trump’s “Liberation Day,” Powell began to vocalize his uncertainty about the tariffs at an event, predicting a short-term increase in inflation due to the policy change. However, the Fed chairman said that “avoiding that outcome would depend on keeping longer-term inflation expectations well anchored, on the size of the effects and on how long it takes for them to pass through fully to prices.”
In response to Powell’s concerns, Trump took to Truth Social to write that it would be the “perfect time” for Powell to cut rates before adding that the chairman needed to “stop playing politics.” Despite repeated calls for the interest rates to be cut from the president, by June the Fed announced in its fourth meeting of 2025 that it would continue to maintain its target range at 4.25% to 4.5%.
“So this thing on tariffs, the chairman mouths off about tariffs. There’s nothing the Fed can do about the effects of tariffs and the idea that if prices do go up, just for argument’s sake, there’s nothing the Fed can do about it,” Forbes said.
“So what do they want to do?” Forbes asked. “They want to depress the economy because they don’t like the effect of tariffs? That’s not their business. Their business is one thing only, stable value for the dollar, so we can trust the dollar again. How about that?”
Prior to reports of the Fed chairman potentially being replaced, tensions between Powell and Trump had risen, with the president calling for the chairman’s resignation. Trump once again took to Truth Social on July 2, reposting a Bloomberg article saying the head of the Federal Housing Finance Agency is now calling on Congress to investigate Powell.
“‘Too Late’ should resign immediately!!!” Trump wrote.
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Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.
