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Saturday, August 2, 2025

Was the Death of Seth Rich a Hit by the Deep State?

 By Ron Wright

“The truth is stranger than fiction” (as attributed to Mark Twain

Conspiracy theorists have long thought that Seth Rich’s death was an assassination facilitated by the Deep State — a Machiavellian hit by the Deep State to cover for its operation known as Russian Collusion because Rich could expose it as false from the beginning.  It was an actual “Spy vs. Spy” episode, straight out of Mad Magazine — except our side went full Stasi against the American people.  There were the DOJ, FBI, CIA, ODNI, and others in the Intelligence Community (I.C.), except NSA director Adm. Mike Rogers (See more).

With the bombshell release of documents (and here) by DNI director Tulsi Gabbard and more releases every day, Rich’s death at the hands of the Deep State is no longer a conspiracy theory.  I agree with Director Gabbard’s conclusion: Accountability and the rule of law must be restored.

Their goal was to subvert the will of the American people and enact what was essentially a years-long coup with the objective of trying to usurp the President from fulfilling the mandate bestowed upon him by the American people. ...

Their egregious abuse of power and blatant rejection of our Constitution threatens the very foundation and integrity of our democratic republic.  No matter how powerful, every person involved in this conspiracy must be investigated and prosecuted to the fullest extent of the law, to ensure nothing like this ever happens again.  The American people’s faith and trust in our democratic republic and therefore the future of our nation depends on it.

Gabbard spoke at the regular White House press conference.  CNN cut away while Gabbard was speaking.  Why?  Fraud by omission on a significant news story of the day?  The legacy media are up to their usual spin.  Politico was less biased than the rest so far.  Politico does have a link to the documents.

The circumstances surrounding the death of Rich are well known to the American Thinker readers.  I will limit this piece to new information.  I did glean one thing from these releases that is significant to the death of Seth Rich, which I’ll explain soon.

METRO DC police quickly attributed Rich’s death to a street robbery gone bad.  Any Deep State involvement was swiftly dismissed as a fantasy of conspiracy theorists by the authorities and echoed by the legacy media. 

Attorney Ty Clevenger and I have made many attempts to bring information about Rich’s death to the congressional oversight committees.  The silence has been deafening.  I empathize with A.G. Pam Bondi and FBI director Kash Patel.  Especially since the DOJ, FBI, ODNI, and CIA are principals in this conspiracy — who destroy, withhold, hide, curate, and create evidence under the guise of classification, ongoing criminal investigations, or national security from the American people. 

The absence of information leads to speculation and conspiracy theories.  Lt. Gen. Michael Flynn (ret.), a victim of egregious lawfare by the Deep State, is beginning to wonder.  Gen. Flynn knew too much, as likely did Rich.  People have little awareness of what it takes to put together a good criminal case, let alone prosecute it, especially when the DOJ is in the tank.  People’s expectations often stem from fictional accounts in movies and TV, where everything typically happens within 60 to 90 minutes.

Ty’s information was the source of this article in The Gateway Pundit:

BREAKING: Attorney Ty Clevenger Exposes FBI’s Role in Hiding Seth Rich Records and Perpetuating the Russia Hoax — Sends Scathing Letter to Pam Bondi, Kash Patel, and Trump Officials

And later:

Attorney Ty Clevenger BLASTS FBI’s “Weak” Excuses in Seth Rich Case — Demands Congress to Haul FBI Into Hearings: “Patel and Bondi Have Allowed the FBI to Continue its Pattern of Obfuscation and Delay”

On the day of Gabbard’s bombshell press release, Clevenger filed his latest motion in his FOIA case against the FBI for non-release of Seth Rich’s records.  Patel and FBI deputy director Dan Bongino recently disclosed the existence of a hidden evidence room at FBI HQ.  Senate Judiciary chairman Chuck Grassley revealed the existence of a previously hidden feature of the FBI’s record management system, “Prohibited Access,” that cloaks files from discovery by most FBI personnel and FOIA requests.  Clevenger wants the FBI to search using this cloaking feature and the hidden evidence room for Rich-related evidence.

By divine providence, I recently stumbled across this Rolling Stone article.  It is an excerpt from Andy Kroll’s book A Death on W Street.  This article included the civil defamation case brought by Matt Couch, a blogger and journalist.

I sat straight up in my chair with a chill running up my spine when I saw that journalist Michael Isikoff was a defendant/appellee in this appellate case brought by Couch. 

Matt Couch doxxed a quasi-witness in the Rich case.  Deborah Sines, an AUSA with the D.C. District Office, was assigned to the Seth Rich investigation.  There’s this: 

He [Couch] claimed that the witness had worked in the intelligence community and was possibly a “plant.” Couch said the witness had “worked for the CIA for a decade,” which there was no publicly available evidence to support.  The post went on to say that this onetime intelligence agent now worked as a veterinary technician ...

Sines could hardly believe it when she read Couch’s post.  The woman listed in the post was indeed the only quasi-witness to the crime.  According to Sines, the woman said she’d been out walking her elderly dog when she heard loud bang sounds and then saw two Black men running away from the direction of the sound.  Sines hadn’t told anyone about the witness. ... Neither had the detective on the case.

Yet Couch had too much specific information — down to the correct spelling of the woman’s name. ... The witness had apparently told one neighbor what she’d seen and no one else.  (The witness did not respond to requests for comment.) Sines doubted the conspiracy theorists had gotten the information from the woman’s neighbor. ... That left one explanation: the name had come from someone on the inside.

Couch accidentally revealed one of his sources, who was an active METRO Police officer, Douglas Berlin.  Sines traced the leak to Berlin.  Sines reported Berlin to METRO Police.  Officer Berlin later resigned after being interviewed by the I.A. unit.

Berlin’s union representative said he’d likely face a thirty-day suspension and told him to go along with it. ... But Berlin refused to do it.  He resigned from the force.  “I loved that job.  It was my passion,” he would later say. ...

No amount of contradictory evidence could change his mind.  And as he would later say, he was hardly the only one on the force to feel this way.  Even within DC’s own law enforcement agency, the Rich theories had seemingly found a willing audience.

As I asked in the beginning, was Seth Rich assassinated by operatives of the Deep State to prevent the exposure of the Russian Collusion narrative as false before the 2016 election?  I believe that his death warrants a complete and thorough investigation to determine one way or another.  There is more to come as this house of cards begins to fall.

As I began this tale with Twain, I will end with this: “Dead men tell no tales.”

Ron Wright is a retired detective, having served thirty-five years with Riverside P.D., Calif.  Ron earned a B.A. in political science from Cal State University, Fullerton, and a Master of Administration from the University of California, Riverside.  X @RonTcop

https://www.americanthinker.com/articles/2025/08/was_the_death_of_seth_rich_a_hit_by_the_deep_state.html

Sauce for the gander: Jack Smith gets a special counsel of his very own

 


Sure, the election is over. But Sen. Tom Cotton would like a few loose ends tied up.

According to the New York Post:

The Office of Special Counsel has launched a formal investigation into Jack Smith, the first official legal probe into his conduct, The Post has learned. Smith is the justice department lawyer who oversaw two criminal investigations into President Donald Trump during the Biden administration, one into Trump’s handling of classified documents, the other as to whether his actions on Jan. 6th, 2021, were an attempt to overturn the 2020 election. Both cases were dismissed. An email reviewed by The Post states The Hatch Act Unit, which enforces a law restricting government employees from engaging in political activities, has begun reviewing the former Special Counsel for the United States Department of Justice. The email was written by Senior Counsel Charles Baldis at OSC.

"I appreciate the Office of Special Counsel taking this seriously and launching an investigation into Jack Smith’s conduct. No one is above the law.

Jack Smith’s actions were clearly driven to hurt President Trump’s election, and Smith should be held fully accountable,” said Senate Intelligence Committee chair Sen Tom Cotton (R-Ark.) in a statement to The Post.

Jack Smith is a partisan Democrat who weaponized the law against President Trump to help Dems win. I’ve asked the Office of Special Counsel to investigate his actions that likely violated the law to influence the election. pic.twitter.com/64v6U3Y0wH

— Tom Cotton (@SenTomCotton) July 30, 2025

After all, a lot of us voted for President Trump precisely to stop this kind of lawfare garbage. We had to get Trump elected or it would keep happening, and getting worse. Nobody else in office would have made it their priority. As Meghan Kelly observed (paraphrasing) -- the wolf was standing there with the bloody prey in its mouth -- either we stop it or it happens again.

Well, this is interesting- Former Special Counsel JACK SMITH is now under investigation by the HATCH ACT unit by the Office of Special Counsel.

What goes around comes around!
Did you VOTE for THIS? I sure did!
Flashback Friday Jack Smith cartoon! pic.twitter.com/rfZwObtJfg

— GrrrGraphics-Ben Garrison 🤠 Cartoons 🇺🇸 (@GrrrGraphics) August 1, 2025

Recall that when the 2023-2024 presidential field was crowded with many GOP candidates, the candidates fell away and galvanized around President Trump when the Democrat lawfare started. They hit Trump from all directions with at least a dozen different cases, all of them politically motivated. Worse still, they all coordinated their efforts with the White House. That includes Smith.

Smith wasn't even legitimately appointed a special counsel which requires congressional approval. Nor was he an employee of the U.S. government, which is a requirement to become a special counsel. Smith was over in Europe, serving the foreign powers there.

Not a problem for the lawless Biden regime, which wasn't in office legitimately any more than Smith was.

And the case appears to be strong. We all remember how Smith judge-shopped and timed his court dates to inflict maximum damage on President Trump, ignoring precedent that no court dates be assigned so as to not influence the election. Not a problem for Smith, though, who was a lunatic on a mission. He was downright sadistic. 

It’s going to be difficult for the media and Democrats to dismiss the U.S. Office of Special Counsel investigating former Special Counsel Jack Smith on allegations that he improperly used his prosecutorial powers to stop President Trump in 2024.

Smith was widely disparaged for… pic.twitter.com/Q075DiVo9E

— Elizabeth MacDonald (@LizMacDonaldFOX) August 2, 2025

Yes it was political -- right down to the White House communications.

There also was this:

The January 6th Committee created lies that Jack Smith used to indict President Trump. The J6 Committee then deleted their documents and communications. It’s great that the Office of Special Counsel is investigating Jack Smith.
pic.twitter.com/ojMaknXDEb

— Charles R Downs (@TheCharlesDowns) August 2, 2025

... and this ...

He was a man obsessed, he never stopped.

But the game he was playing against President Trump has now backfired onto him. He was the one breaking the law, for political reasons, not President Trump. He needs to be investigated, and at a minimum, disbarred from any practice of the law.

https://www.americanthinker.com/blog/2025/08/sauce_for_the_gander_jack_smith_gets_a_special_counsel_of_his_very_own.html

2-state delusion must be scrapped — a ‘jihadist’ state would solve nothing

 By 


Just months after Adolf Hitler started World War II, Winston Churchill smartly summarized why Europe’s hopes for peace had been shattered.

“An appeaser is one who feeds a crocodile, hoping it will eat him last,” the new prime minister said in a speech.

His stark imagery mocked the foolish efforts to head off war, infamously led by Churchill’s predecessor, Neville Chamberlain, who insisted Hitler really wanted peace.

Chamberlain was delusional and the global conflict that followed turned his name into a permanent warning about the wages of weakness.

Yet here we go again, with the current leaders of Britain, France and Canada falling into the trap.

Their delusion is that Palestinians, including Hamas and other terror groups, really want peace and will live in harmony with Israel once they have a nation of their own.

The clamor for a Palestinian state is the appeasement of our times.

It travels under the disguise of a “two-state solution.”

Who can be against a solution?

‘River to the sea’

Except a Palestinian state wouldn’t solve anything.

Quite the opposite, it would set the stage for another round of bloodletting.

As such, think of it as the two-state delusion.

That’s what it is because too many Islamists, from Iran to Arab lands and around the world, remain committed to destroying the Jewish state.

They don’t want to live in peace with Israel.

They want to eliminate it.

That’s the essence of the antisemitic chant heard on American college campuses: “From the river to the sea, Palestine will be free.”

Translation: Palestine will be free of Jews, and Israel will be no more.

That isn’t a problem at the Jew-hating United Nations, which held a two-day conference on the topic last week.

Keir Starmer making a phone call.
Prime Minister Keir Starmer calls Ukraine’s President Volodymyr Zelensky from his office.ZUMAPRESS.com

It was little noted that Palestinians already have a state of their own.

Instead of living in peace with their Jewish neighbors, they turned Gaza into a terror state.

Nearly two years after their barbaric invasion of Israel, and while they continue to hold some of the 250 hostages they took on Oct. 7 of 2023, the push to give them a nation isn’t just foolish — it’s obscene.

As President Trump correctly said last week, “You’re rewarding Hamas if you do that. I don’t think they should be rewarded.”

Thankfully, he added that the US is “not in that camp,” referring to support for a Palestinian state by British Prime Minister Keir Starmer, French President Emmanuel Macron and Canada’s Prime Minister Mark Carney.

Each is beset by radical Islamist immigrants, and so their pandering illustrates Churchill’s observation about feeding the crocodile in hopes of being spared.

They are aided and abetted by the Western media outlets that have fallen for the two-state ruse.

‘A Hamas state’

Typical is the nakedly anti-Israel coverage of The Associated Press, which described the UN conference as a serious bid “to end one of the world’s longest conflicts.”

It claimed “the plan would culminate with an independent, demilitarized Palestine living side by side peacefully with Israel.”

That’s a fairy tale, and at least deserves the caveat that it would be necessary to enforce a peaceful Palestinian state to guarantee Israel’s security.

Black and white photo of Neville Chamberlain.
British Prime Minister Neville Chamberlain.Getty Images

Good luck persuading the Israelis that their security can be outsourced to the United Nations.

Jews there and around the world have said for decades: “If Palestinians lay down their guns, there will be peace. But if the Israelis lay down our guns, there will be no Israel.”

The Jewish nation’s Foreign Minister Gideon Sa’ar said last week that Israel would not cave in to the “international pressure.”

“Establishing a Palestinian state today is establishing a Hamas state. A jihadist state,” said Sa’ar.

“It ain’t gonna happen.”

The only positive development to come out of the conference was that the Arab League, including Saudi Arabia, Qatar, Egypt, Jordan and Turkey, condemned for the first time Hamas’ 2023 invasion and called on the terrorists to release all hostages, disarm and end their rule of Gaza.

But even that progress was undercut by a tone of both-sideism that included outrageous attacks on Israel because of how it responded to the invasion.

The final declaration also urges Israel to cooperate with UN agencies, including UNRWA, whose employees openly fanned the flames of Hamas terror.

It also defends the Gazan Health Ministry, which acts as a Hamas mouthpiece in distorting Palestinian casualties.

‘Right of return’ farce

Worse, the conference supported the Palestinians’ so-called “right of return” to places in Israel they left or were expelled from during the 1948 creation of Israel.

That would undermine Israel’s security and its existence as a Jewish state.

My view about the push for a Palestinian state is informed by 25 years of covering the topic.

In the summer of 2000, I was on my first trip to Israel just before its Prime Minister, Ehud Barak, and Palestinian chairman Yasser Arafat were scheduled to meet with President Bill Clinton at Camp David to iron out the terms and boundaries of such a state.

The American Embassy had helped arrange an interview for me with a top aide to Arafat in Ramallah, the de facto capital of the West Bank.

The night before the interview, the late Martin Indyk, then the US ambassador to Israel, suggested a question I might ask.

It ran something like this: If Arafat can’t accept the 92% of the West bank Barak’s government is offering, how would Arafat feel when a more conservative government offers as little as 72% of the West Bank?

When I asked the question, the Arafat aide responded with a phrase he’d used in response to other questions about Arab violence.

“Well, you know,” he said, “there are these groups we can’t control.”

He didn’t name names, but his meaning was clear: There will be violence against Israelis, but don’t blame Arafat because he can’t stop it.

No partner in peace

It was a convenient lie, but the terror leader obviously feared for his own life if he signed a deal.

Much to the shock of Clinton and Barak, Arafat walked away from Camp David without accepting a Palestinian state.

Since then, several Israeli governments have made similar offers of a Palestinian state.

All have been rejected in part because of the Sadat example.

Recall that Egypt’s bold leader, Anwar-el Sadat, was assassinated in 1981 by Islamist extremists two years after signing a peace treaty with Israel’s Prime Minister Menachem Begin in a process facilitated by President Jimmy Carter at Camp David.

Sadat and Begin shared the 1978 Nobel Peace Prize.

Yet 47 years later, there is still no Palestinian state because no Palestinian leader has felt safe enough to recognize Israel’s right to exist in its own secure borders.

Hamas has made it clear it will never accept Israel. Its leaders have promised that given the chance, the horrors of Oct. 7 will be repeated again and again.

The threats prove that a point Israelis have made about Palestinians still prevails: We have no partner for peace.

https://nypost.com/2025/08/02/opinion/2-state-solution-needs-to-be-scrapped-israel-must-be-protected-from-hamas/

3.0 magnitude earthquake strikes New Jersey, tremors felt in parts of NY

 A small earthquake rocked parts of New Jersey and New York on Saturday night, according to officials.

The magnitude 3.0 quake struck six miles beneath the ground in Hasbrouck Heights, NJ, at 10:18 p.m.,, according to the United States Geological Survey.

The Bergen County borough is roughly 13 miles from Midtown, and tremors could be felt in parts of Upper Manhattan and The Bronx.

Map of New Jersey earthquake intensity.
Earthquake USGS
Earth-rattling was felt for as much as 10 seconds in parts of the Garden State with such shakes reported in Nutley, NJ, about nine miles north of Hasbrouck Heights.

This is a developing story. Please check back for updates.

https://nypost.com/2025/08/02/us-news/earthquake-strikes-new-jersey-tremors-felt-in-parts-of-nyc-officials/

Iradimed outlines $100M revenue run-rate for 2026 driven by new 3870 pump launch

 

Management View

  • Roger E. Susi, CEO, reported "yet another record quarter, marking our 16th consecutive quarter of record revenues." He highlighted Q2 2025 revenue of $20.4 million, a 14% increase over the prior year, and noted gross profit at 78% and an 18% rise in GAAP diluted EPS compared to Q2 2024. Susi credited the 3860 MRI IV pump as leading performance, with a 9% growth in MRI patient monitor shipments and strong bookings supporting guidance for the monitor line.
  • Susi addressed tariffs, stating "the actual impact is still very small." He emphasized minimal effects from tariffs and clarified that DOGE-related agency impacts "did not materialize." He announced the FDA clearance of the new 3870 IV pump system, describing it as a "seminal event" for the company.
  • Susi shared a strategic outlook, stating, "as we sell 2,000 3870 pump channels annually" at a higher ASP, 2025 domestic pump revenue is expected to reach $28 million and "become nearly $50 million" as replacement sales accelerate, supporting the move toward a $100 million revenue run-rate in 2026. He expressed confidence in "breaking through this $100 million revenue range."
  • Susi updated guidance for Q3 2025, expecting revenue of $20.5 million to $20.9 million, and GAAP diluted EPS of $0.41 to $0.45. Full-year 2025 guidance was raised to $80 million to $82.5 million in revenue and GAAP diluted EPS of $1.60 to $1.70.
  • John F. Glenn, CFO, stated, "For the 3 months ended June 30, 2025, we reported revenue of $20.4 million, a 14% increase from $17.9 million in the second quarter of 2024." Glenn provided details on product line performance, margins, and cash flow, noting a gross margin of 78% and domestic sales comprising 89% of total revenue.

Outlook

  • Management raised full-year 2025 revenue guidance to $80 million to $82.5 million, up from $78 million to $82 million, representing 9% to 13% growth over 2024. GAAP diluted EPS guidance increased to $1.60 to $1.70, from $1.55 to $1.65. Susi indicated these upgrades were due to "our strong first half performance."
  • For Q3 2025, revenue guidance is $20.5 million to $20.9 million, with GAAP diluted EPS of $0.41 to $0.45, and non-GAAP diluted EPS of $0.45 to $0.49, reflecting anticipated operational inefficiencies during the facility transition.

Financial Results

  • Q2 2025 revenue was $20.4 million, with MRI compatible IV infusion pump systems generating $8.2 million (up 19% year-over-year) and patient vital signs monitoring systems $5.9 million (up 9%). Disposables revenue increased to $4.2 million (up 14%).
  • Domestic sales rose to $18.2 million (up 18%), while international sales declined to $2.2 million. Gross profit was $16 million. Operating expenses were $9.2 million, and income from operations grew to $6.8 million.
  • Net income reached $5.8 million or $0.45 per diluted share, an 18% increase from Q2 2024. On a non-GAAP basis, net income was $6.4 million or $0.49 per diluted share.
  • Cash and cash equivalents were $53 million at quarter-end. Cash flow from operations was $7.7 million for the quarter, and free cash flow was $4.9 million, reflecting facility-related capital expenditures.

Q&A

  • Frank James Takkinen, Lake Street Capital, asked about backlog composition and 3860 sales trends ahead of the 3870 launch. John F. Glenn responded that "it was a record backlog as of June 30, and it was composed of both -- certainly, as we discussed the pumps, but also a very strong monitoring backlog as well." Roger E. Susi added, "they're still trending extraordinarily strong, and that's why we're so bullish as the year wraps up."
  • Takkinen inquired about the cadence of ramping to $50 million in pump revenue. Susi explained the rollout begins with limited Q4 2025 3870 sales for feedback, with significant acceleration expected through 2026: "Q1 on pump bookings overall, I expect to be weak... by second quarter, we should be back to pretty strong run rate on booking pumps, which will just accelerate through Q3 and Q4."
  • Takkinen asked if the new pump could expand the overall market. Susi stated, "we feel that with the new pump being much more modern and with this much more user-friendly help... the greenfield, those folks that have sat on the fence and not adopted the older pump, we should knock them off at an accelerating rate."
  • Jason Hart Wittes, ROTH, asked about ASP increase for the new pump. Glenn confirmed, "it looks like it's coming out where it's probably going to be around 12-ish percent more than the ASP of the existing pump."
  • Wittes inquired about gross margin impact and backlog fulfillment timing. Susi replied, "it might actually be reflected a little bit more so even in the gross margin." He noted the pump backlog is "running about 5 months, 5, 6 months."

Harris’ latest Stephen Colbert flop shows exactly what’s wrong with both of them

 Kamala Harris’ visit Thursday to Stephen Colbert’s “Late Show” was a fine reminder of why both of them are failures.

Mind you, this marked Harris’ eighth Late Show appearance — one more illustration of the futility of doing the same thing over and over and somehow expecting different results.

What made her think this would help promote her new book?

The marquee moment was her inability to say who’s leading the Democratic Party just now — which was actually simple honesty, since neither Dems nor Republicans have clear leaders these days unless it’s a sitting president.

But she couldn’t explain that simple truth, nor did Colbert show any sign of getting it as he pushed for an answer.

Her incoherence was part of another classic Kam performance, full of word salads and non-answers.

So why did Colbert even bring her on a supposed comedy show?

Because he’s followed most of the late-night crew down the “we need to promote liberal politics” toilet, of course — hosting 176 Dem politicians and one Republican since 2022, and hewing one side of the aisle every minute in between.

That formula earned him cancellation and may well take out all his peers.

It’s another puzzle of modern life that so much of the entertainment industry somehow forgot that sanctimoniousness (political or otherwise) is the enemy of humor.

https://nypost.com/2025/08/01/opinion/kamala-harris-latest-stephen-colbert-flop-shows-exactly-whats-wrong-with-both-of-them/

Why Is Powell Clinging to His Job?

 Why is the Fed chairman, Jerome Powell, stubbornly clinging to his high interest rate policy?

Indeed — why is Mr. Powell clinging to his job?

A Federal Reserve governor, Adriana Kuegler, just announced her resignation today, effective August 8.

I believe President Trump can actually name his own governor to replace her — and then appoint that person as chairman of the Fed. Subject to Senate confirmation.

There are rumors that another Fed governor — Michael Barr — is about to resign, giving Mr. Trump another option.

I don’t think we’re in a recession. Yet the July jobs report was terrible — with 258,000 downward revisions in May and June.

And over the past three months, private sector job gains are averaging only 52,000, where you really only need 125,000 or 150,000 to keep the economy going strong.

The small business household survey dropped another 260,000. And over the past three months it has averaged a decline of 288,000.

These are rough numbers.

Fortunately, average wage earners are doing okay, with incomes going up by more than 5 percent. About twice the inflation rate.

That’s the best part of the story. And the tax-free tips and overtime will kick in before long.

The strongest part of the economy is business investment — with full cost expensing for factories as well as equipment.

A Fed governor, Christopher Waller, in his dissent at the meeting Wednesday, has the story completely right, though. Monetary policy is too restrictive. Mr. Powell’s obsession with tariffs is completely misplaced.

Mr. Waller even anticipated the downward job revisions. And noted that private sector payroll growth is near stall speed.

And he said that “total inflation is close to our target at just slightly above 2 percent, if we put aside tariff effects that I believe will be temporary.”

And he concluded that the Fed’s current policy at 4.5 percent is 1.5 percentage points higher than it needs to be right now.

I think the Fed should be cutting rates immediately.

Looking at these job statistics revisions, they should have been cutting rates in May and June as well as the July meeting this past week.

The One Big Beautiful Bill is going to have an enormously positive economic impact, but right now Mr. Powell’s tight money is damaging housing, autos, credit cards, you name it.

That is why Mr. Powell should step down immediately and let Mr. Trump put his own people in place in order to save the economy until the full thrust of Trumpian economic growth can take off.

Larry Kudlow is a columnist for the New York Sun. From Mr. Kudlow’s broadcast on Fox Business Network.

https://www.realclearpolitics.com/articles/2025/08/02/why_is_powell_clinging_to_his_job.html