For more, see my latest @WSJ op-ed on this topic 👇.

The Fed is once again 'proceeding carefully' — code for being too late. Using models from last century -- data dependency, Phillips curve, Nairu trade-off. No defense of weakening dollar. America needs pro-growth reforms and decisive rate cuts to rebuild supply chains.

RT @WSJ: From @WSJopinion: Transforming the Fed would create an opportunity to lower interest rates, save billions of dollars in interest p….

RT @DavidRMalpass: 1/5 My latest op-ed in the Wall Street Journal. President Trump is right to call out the Fed. Interest rates remain unne….

RT @WSJopinion: Transforming the Fed would create an opportunity to lower interest rates, save billions of dollars in interest payments and….

5/5 The way forward: Anchor Fed policy in forward-looking, market-based data. Lower rates, shrink the Fed, and defend the dollar. That’s the foundation for faster growth, stronger factories, and a more prosperous America.

4/5 The Fed thinks high interest rates are appropriate to hold growth rates down. This hurts small business loans and weakens U.S. competitiveness. This is a golden opportunity for sweeping Fed changes that will strengthen the supply chain.

Zohran Mamdani: He votes for activists, not you

3/5 Central banking clings to outdated, anti-growth models that punish wage gains, supply chains, and affordability. The Fed's June 18 model assesses potential GDP at only 1.85 % per year.

2/5 The Fed needs a half-point cut in September and foundational reforms. But the economic community will resist change at the celebration of central banking this week in Jackson Hole.

1/5 My latest op-ed in the Wall Street Journal. President Trump is right to call out the Fed. Interest rates remain unnecessarily high, and the central bank is wasting money on lavish renovations instead of fixing its broken models.

Thanks @FerroTV and @lisaabramowicz1 for the discussion of sweeping changes in Fed models and Secretary Bessent's call for a 50 basis point Fed cut.

.@SecScottBessent proposed strong foundational changes at the Fed. This opens the door to faster growth, lower interest rates, lower bond yields, and price stability based on market price indicators.

US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting

Bessent Urges Fed to Lower Rates by 150 Basis Points or More

The Fed thinks it should fight inflation with unemployment, weaker consumption and climate mandates. Trump policies show a strong path to affordability and wage gains -- tax cuts, domestic energy and manufacturing, sane regulatory policy, and peace. The Fed system needs a.

Thanks @jcats2013 for discussion of Fed 50bp interest rates cut in September on Cats Roundtable today. It would help growth, the fiscal deficit and bank lending to boost production. Listen here.

Check out my op-ed in the Wall Street Journal from June where I lay out the reason for cutting rates. 👇.

Bank of England narrowly votes to cut interest rates to 4% as balancing act continues