FIRE THE FED ! Proof That The Federal Reserve's Big Banker Owners 'Control America's Financial Destiny' 💫💫💫💫💫💫💫💫💫💫 In one of the most remarkable Abbott and Costello routines in modern times, the economic wizards at the Fed again raised interest rates on Tuesday. Their crackerjack logic for doing so is to steer America on a course toward recession so they have the tools in hand to end the recession that they themselves created. Can anyone tell us who's on first? Worse, this Fed move doubles down on its blunderous interest rate rise in September. President Donald Trump turned out to be exactly right: The central bank pullback on money would slow growth and crush the stock market in order to combat nonexistent inflation. The Fed had already reduced the monetary thrust that it provides to the economy eight times since Dec. 15, 2015, by raising its federal funds interest rate from 0.25 percent to 2.25 percent. Each time, the Fed claimed that it needed to guard our economic airliner from inflationary "overheating" -- as if its job is to prevent too many people from working and to make sure that paychecks aren't rising too quickly. Unfortunately, if you cut engine power too far on a jetliner, it will stall and drop out of the sky. On Wednesday, Dec. 19, despite the numerous market-based alarms that were sounding in the cockpit, Federal Reserve Chairman Jerome Powell and his co-pilots on the Federal Open Market Committee, a committee within the Federal Reserve System, is charged under the United States law with overseeing the nation's open market operations. This Federal Reserve committee makes key decisions about interest rates and the growth of the U.S. money supply. FOMC voted to raise the funds rate to 2.50 percent. This sucks more dollars out of the economy at a time when the world is demanding more dollars -- thanks to Trump's tax-cutting and deregulation policies. Powell has been entirely tone-deaf to the financial markets he seeks to protect. The Dow Jones Industrial average, which had risen by 382 points on hopes that the Fed would listen to Trump and stop cutting power, plunged by 895 points after the 2 p.m. announcement, and closed the day down 352 points (1.49 percent). Poof. Trillions of dollars of wealth vanished. 💫💫💫💫💫💫💫💫💫💫 ( Full story below )⤵ 💫💫💫💫💫💫💫💫💫💫 https://townhall.com/columnists/stephenmoore/2018/12/25/fire-the-fed-n2538031