MUST SEE: James O'Keefe confronts the mendacity Federal Reserve economist who confirmed TGP's reporting on Fed Chairman Jerome Powell's efforts to crush Trump's financial increase by elevating charges: “I by no means mentioned that”

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Fed Chief Economist Aurel Hizmo does pushups whereas ready for his “date” with an undercover reporter.

James O'Keefe has launched footage of his cellphone confrontation with a chief economist on the Federal Reserve in Washington, D.C., who walked nervously down a public pier close to the Nationals Park baseball stadium, adopted by a cameraman.

Economist Aurel Hizmo thought he was assembly the undercover journalist he was courting at a bar, when the OMG cameraman got here as much as him and mentioned, “Are you pals with (edited)? He's proper right here on the cellphone.”

However she was not on the cellphone; James O'Keeffe was engaged on a challenge on the California/Mexico border!

Earlier this week, O'Keefe Media Group launched a surprising report from a high Federal Reserve economist who admitted in a secret video that Jerome Powell was a Trump-hater out to undermine President Donald Trump. Wished to be remembered in historical past.

WATCH: The Federal Reserve's chief economist, who informed O'Keefe Media Group that Fed Chair Jerome Powell “needs to be remembered in historical past” for undermining Trump, says conservatives are “idiots” and his on the Federal Reserve Are discriminated in opposition to.

O'Keefe's reporting on this comes years later and confirms Gateway Pundit's earlier reporting that Jerome Powell raised rates of interest once more below President Trump after Trump's 102nd inventory market file in October 2018. After this the Dow Jones fell 1,501 factors in only one week.

On December 16, 2008, simply after Barack Obama was elected President, the Federal Reserve (Fed) decreased the fed funds price from 1% to 0%.

The Fed had not decreased the fed funds price by such a big quantity (1%) since at the very least 1990, if ever. The Fed saved the speed at 0% for many of Obama's eight years in workplace.

President Trump mentioned, “The Fed is loopy.” he was proper.

CNBC reported in December 2015 that President Obama oversaw “seven years of probably the most accommodative financial coverage in American historical past” (from the Fed). The fed funds price was at zero for many of Obama's time in workplace. Lastly, in December 2015, the Fed introduced its first improve within the fed funds price through the Obama presidency.

The fed funds price has vital results on the economic system:

low rates of interest The economic system is usually stimulated by making company and client lending simpler. excessive rates of interest Its function is to gradual the economic system by making it tough to borrow.

As libertarian economist Aurel Hizmo put it, “Trump wished them to decrease rates of interest As a result of once you decrease rates of interest, it stimulates the economic system, and Trump was president. He wished to stimulate the economic system, however (Powell) wouldn't try this. They usually began elevating rates of interest, and doing the alternative of what Trump wished.

When James O'Keefe confronted Hizmo along with his statements that Powell wished to go down in historical past as “the man who held the road in opposition to Trump”, Hizmo responded, “I by no means mentioned that.” After it was revealed that he had it on tape, he continued to reiterate, including, “No, I by no means mentioned that, I’d by no means say that… I'm not commenting on it.” He continued to disclaim the statements he had made and walked away from the cameraman, holding the cellphone with James O'Keefe on the opposite line.

“I'm not supplying you with any remark,” Hizmo mentioned, clearly nervous about being busted for revealing the reality a few politically weaponized Federal Reserve. I haven't mentioned something about this jerome trump…I don't speak about it jerome trump,

He even claimed in a harsh tone that he was “not a Federal Reserve official” and “can not communicate for anybody on the Federal Reserve” earlier than moving into his automobile and driving away.

Nonetheless it’s unclear whether or not they’re thought of “Federal Reserve officers”. Aurel Hizmo, a former finance professor, now works as a subject professional and even wrote speeches for Jerome Powell.

Following the discharge of the undercover footage earlier this week, Hizmo deleted his LinkedIn profile, which states that he works as “Principal Economist on the Federal Reserve Board.”

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