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Federal Reserve makes key decision on interest rates — and Trump won’t like it

The governors of the U.S. Federal Reserve have voted on interest rates — and President Donald Trump won’t be happy with the result.

The governors voted to keep overnight banking interest rates at their current levels despite pressure from Trump to lower them. The rates are currently in the 3.5%-3.75% range.

‘The US economy has really been just doing pretty well through a lot of significant challenges.’

Fed Chair Jerome Powell said in a media briefing Wednesday that holding the rates would contribute to fulfilling the dual mandate of maximum employment while keeping inflation down.

He emphasized that the economic effects of the tariffs, a Supreme Court ruling knocking down some tariffs, the attacks on Iran, and the spike in oil prices were all mostly unknown at this point.

“We are balancing these two goals in a situation where the risks to the labor market are to the downside, which would call for lower rates, and the risks to inflation are to the upside, which would call for higher rates, or not cutting anyway,” Powell said.

The stock market has tumbled downward since oil prices spiked following the U.S.-Israeli military strikes on the Iranian regime. Losses extended after the announcement from the Fed.

“The U.S. economy has really been just doing pretty well through a lot of significant challenges over the past few years. It’s been amazing to see,” Powell said.

He also rejected the assessment by some that the economy had entered a period of “stagflation,” which is low economic growth accompanied by higher inflation.

“I would reserve the term stagflation for a much more serious set of circumstances,” Powell added. “That is not the situation we’re in.”

RELATED: Supreme Court denies Trump emergency motion to fire Lisa Cook from the Fed — for now

Powell is also under investigation over claims that a billion-dollar renovation of the Federal Reserve building was being mismanaged. While those accusations appeared to have been defused when Powell hosted the president at the building to show him the renovation progress, the Dept. of Justice later issued subpoenas related to the claims.

Those subpoenas were rejected by a federal judge accused by the administration of being biased against Trump.

“There can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump said of Powell in April 2025. “Europe has already ‘lowered’ seven times. Powell has always been ‘To Late,’ except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?”

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‘Third wheel’ LeBron James embraces reduced role — could the Lakers now become playoff threats?

On Monday night, the Los Angeles Lakers defeated the Houston Rockets 100-92, with star point guard Luka Doncic scoring 36 points to extend the team’s winning streak to six games.

BlazeTV host Jason Whitlock thinks the reign of LeBron James is finally coming to an end — and even more, the longtime power broker may be OK with it.

“LeBron James seemed somewhat comfortable as the third leg, the third wheel,” he says, noting that even head coach JJ Redick is now referring to James as a third option.

Now that James, who Whitlock has long argued is a hindrance to the team’s success, is in his rightful place, will the Lakers finally reach their competitive potential?

On this episode of “Fearless,” Whitlock and guests Jay Skapinac, Dre Baldwin, and Steve Kim debate the future of the purple and gold.

“I know Charles Barkley will be upset with me for even suggesting this, but could the Lakers be a serious threat in the postseason?” Whitlock asks the panel.

For Baldwin, the answer is complicated.

“I say they are a threat because they have a very good player in Luka Doncic. They have Reeves, and of course, LeBron is still a very good third wheel. … As long as he’s OK with being in the third seat and staying there ego-wise, they are a threat,” he says.

“Now, are they actually going to win and come out of the West? I say no. They have all offense. They are not very strong defensively,” he caveats.

Kim is optimistic about the Lakers’ playoff prospects so long as the team continues to prioritize team performance over LeBron’s court time.

“You got to be able to play by the pecking order, and that’ll be the test for both JJ Redick and LeBron James,” he says.

Skapinac is more hesitantly optimistic.

“[LeBron] has actually muffled and suppressed his own ego for a couple games here, Jason. Can he do it for the next 16 games of the regular season and then for the remainder of the playoffs? … I still will hedge my bet and say no on that,” he argues.

Even if LeBron’s ego stays in check for the remainder of the season, however, he nonetheless has low hopes the Lakers will be serious championship contenders.

“It’s a stretch to suggest they’ll get out of the first round. They’re going to finish somewhere between three through six,” he predicts.

To hear more of the panel’s conversation, watch the video above.

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To enjoy more fearless conversations at the crossroads of culture, faith, sports, and comedy with Jason Whitlock, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

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Jason Whitlock: The NCAA tournament has a Bruce Pearl problem

Former Auburn coach Bruce Pearl appears to be stealing the show as an analyst for the NCAA men’s tournament — and BlazeTV host Jason Whitlock is already over it.

“There’s no reason for Bruce Pearl to be the most interesting man in the NCAA Tournament,” Whitlock says on “Fearless.”

“For him to be overshadowing the players and the coaches in this tournament — and he is — that’s a problem. You have legitimate stars in this NCAA Tournament, and everyone’s talking about Bruce Pearl,” he continues.

“The former Auburn coach, the man that is still taking money, as we learned yesterday, from Auburn, while promoting Auburn, while taking a dump on Miami, while taking a dump on SMU. The former coach at Auburn and Tennessee should not be the most interesting man in any NCAA Tournament. He never won one,” he adds.

“I want to walk you through why this is a problem,” Whitlock says, pointing out that there are incredible stories all over the NCAA Tournament that aren’t getting the attention they deserve — because it’s all on Pearl.

“There’s more conversation about Bruce Pearl today than there is about Cameron Boozer at Duke. Cameron Boozer is a 6’9″ post player — power forward — who’s led Duke to the number one overall seed. He’s a fascinating story,” he explains.

“He has a twin brother on the Duke team that’s going to be starting. I believe his name is Cayden Boozer … the Boozer brothers and Duke. Fascinating story. Overshadowed by Bruce Pearl,” he says.

“He’s sucking up all the oxygen in the room. He’s launching this television career, which I hope ends after this year. He’s done enough damage,” he adds.

Want more from Jason Whitlock?

To enjoy more fearless conversations at the crossroads of culture, faith, sports, and comedy with Jason Whitlock, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

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Oil could hit $200 per barrel if these conditions are met in Middle East: Citi

Brent crude, the primary global benchmark for oil prices, rose higher than $120 per barrel in early summer 2022, largely on account of the fallout from the war in Ukraine and increased demand in countries reopening after suffering through years of self-imposed COVID restrictions.

At the time, this generated a great deal of excitement and consternation, especially when U.S. gas prices soared to a record high of roughly $5 a gallon.

Americans may soon long for the days of $120 per barrel.

‘Consumers continue to feel the sting of rising oil, gasoline, and diesel costs as geopolitical tensions in the Middle East remain elevated.’

Analysts at Citi said in a note on Wednesday that Brent crude — which recently saw an intraday high of nearly $120 a barrel and is presently trading over 65% above its level at the beginning of the year — could hit $200 a barrel if Tehran executes “broad energy infrastructure attacks” or keeps the Strait of Hormuz blocked until June, Investing.com reported.

Iran appears keen to satisfy both of these conditions.

Following the initial joint U.S. and Israel strikes on Feb. 28, Iran targeted energy facilities in its backyard, prompting various companies to wind down their production and shutter their facilities.

RELATED: Trump blasts allies over reluctance to join Iran conflict: ‘WE DO NOT NEED THE HELP OF ANYONE!’

Photo by Joe Raedle/Getty Images

Qatar’s state-run QatarEnergy, for instance, shut down its LNG production complex following Iranian drone strikes at two of its facilities. OilPrice.com recently noted that even if the hostilities in the region ended immediately, it could take several weeks to restart production.

On Wednesday, Tehran issued a warning via state media to several Middle Eastern oil facilities — the Samref Refinery and Jubail Petrochemical Complex in Saudi Arabia; the Al Hosn Gas Field in the United Arab Emirates; and the Mesaieed Petrochemical Complex, Mesaieed Holding Company, and Ras Laffan Refinery in Qatar — notifying them of imminent strikes “in the coming hours,” Reuters reported.

“These centers have become direct and legitimate targets and will be targeted ⁠in the coming hours,” the warning said. “Therefore, all citizens, residents, and employees are requested to immediately leave these areas and move to a safe distance without ⁠any delay.”

The warning, which was followed by a jump in the per-barrel price of Brent crude, came in the wake of airstrikes against the South Pars gas field, the world’s largest natural gas reserve which is shared by Iran and Qatar.

A source confirmed to the Jerusalem Post that several energy facilities in South Pars and the Iranian city of Asaluyeh were struck by the Israeli Air Force on Wednesday. Two senior Israeli officials told Axios that the attack was coordinated with and approved by the Trump administration.

Amid the attacks and threat of attacks on energy infrastructure, analysts at Citi wrote, “Brent prices will rally as the conflict continues over the coming days, to $110-120/bbl,” adding that could be the “price or market event which drives the U.S. to end its military operation” or alternatively drives global powers to “forcefully reopen the Strait.”

President Donald Trump has implored the international community to aid the U.S. in reopening the strait, emphasizing that China and other nations are far more reliant than America on the supply flowing down the strait.

According to Reuters, China received 1.6 billion barrels of crude oil over the past 14 months via the Strait of Hormuz; the rest of Asia collectively received 1.6 billion barrels; India received 1 billion barrels; Japan and South Korea each received 800 million barrels; the U.S. and Europe each received around 200 million barrels; and the rest of the world received a combined 300 million barrels.

Citing sources familiar with the matter, Bloomberg reported that Vice President JD Vance and other administration officials plan to meet at the American Petroleum Institute on Thursday to meet with oil executives.

“We look forward to convening key officials — including Vice President Vance, Energy Secretary [Chris] Wright, bipartisan leaders in Congress, and governors — to discuss the role of American oil and natural gas in supporting reliable energy supply amid global volatility,” Andrea Woods, a spokeswoman for the institute, told Bloomberg. “Our industry is focused on providing insight into market dynamics and strengthening American energy leadership and resilience for the long term.”

The price-tracking service GasBuddy noted that as of Monday, the national average price of gasoline was up 80 cents per gallon from a month ago and 66.1 cents higher than a year ago.

“Consumers continue to feel the sting of rising oil, gasoline, and diesel costs as geopolitical tensions in the Middle East remain elevated, pushing gasoline prices to their highest levels in years while diesel could soon approach the $5-per-gallon mark nationally,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“Until we see a meaningful resumption of oil flows through the Strait of Hormuz, upward pressure on fuel prices is likely to persist,” De Haan continued. “At the same time, seasonal forces are beginning to intensify as several regions complete the transition to summer gasoline, creating a double headwind that could continue driving pump prices higher in the weeks ahead.”

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Democratic challenger in pivotal Texas election portrayed pervert who masturbates in public in music video

The New York Post has uncovered a bizarre music video starring Bobby Pulido, an Emmy-winning musician who won the Democratic nomination for a U.S. congressional seat in Texas.

In the video titled “Dias de Ayer,” Pulido portrays several characters, including a gun-wielding gangster in the mold of “Scarface,” a pervert who pleasures himself in public spaces, as well as a gay male who is attracted to the pervert.

‘This freak is who Democrats chose to run in Texas?’

The embarrassing video from 2010 might complicate the campaign effort by the political neophyte.

The Post noted that he had made somewhat derogatory comments to users on social media implying that he might be gay.

“I can swear on the Bible that I’m not,” said Pulido in Spanish to questions about his portrayal of a homosexual in the video.

Pulido is hoping to unseat Republican Rep. Monica De La Cruz for the 14th congressional district in Texas. President Donald Trump won the district easily in 2024, and De La Cruz trounced Democratic opponent Michelle Vallejo by more than 14 percentage points.

Democratic polling found Pulido was trailing behind the incumbent by only three percentage points in September.

His campaign did not respond to a Post request for comment.

RELATED: Rep. Al Green forced into runoff with candidate half his age after failing to get 50% of Democratic primary vote

The Republican National Committee did have a comment on its official account on the X social media platform.

“This freak is who Democrats chose to run in Texas?” said the account.

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NY governor BEGS millionaires to move back to help fund welfare programs — after telling Republicans to flee to Florida

The governor of New York was reduced to begging the wealthy to move back to the high-tax state in order to help fund its social programs.

Democrat Gov. Kathy Hochul made the comments during a Politico forum in Albany on March 11 after the state legislature called for higher taxes.

‘They’re not going there because they have a nicer governor. … They’re going there because of the tax rate.’

“I need people who are high net worth to support the generous social programs that we want to have in our state,” said Hochul.

“There are some patriotic millionaires who stepped up. OK! Cut me the checks. If you want to be supportive, then maybe the first step should be go down to Palm Beach and see who you can bring back home, because our tax base has been eroded,” she added.

“So I philosophically don’t have a problem. It is, like, I have to look at the fact that we are in competition with other states who have less of a tax burden on their corporations and their individuals,” Hochul concluded.

Hochul is seeking to win re-election after she was elevated to the governor’s office because of the fall of Gov. Andrew Cuomo (D).

New York joins other states looking to tax the wealthy in order to fund their socialist schemes, including California, which is facing its own population exodus, and Washington state. Both states have experienced billionaires fleeing to other states with lower tax burdens.

“Wall Street businesses looking at Texas?” Hochul asked rhetorically. “They’re not going there because they have a nicer governor! I know that for sure! But they’re going there because of the tax rate. We have to be smart about this.”

RELATED: LA Times gets obliterated online for scolding people wanting to leave high-tax California

Hochul’s critics pointed out that she told conservative and Republican New Yorkers to leave the state in 2022 and go down to Florida, “where you belong.”

Ironically, just months later, she lamented that too many people were leaving the high-tax state to seek better opportunities elsewhere.

“We must and will make our state safe,” she said at her inaugural speech.

“And we must reverse the trend of people leaving our state in search of lower costs and opportunities elsewhere.”

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Your smart thermostat is watching you — it knows your routine and when your house is empty

Thermostats have become so intelligent that they can build entire lifestyle portfolios on a homeowner simply by using the embedded technology that regulates and tracks heat and electricity.

Many smart thermostats are openly asking users for this information. But studies have also revealed that other knowledge, which no homeowner would want a stranger to know, can now easily be harvested and quantified.

A thermostat’s built-in motion sensors determine if a homeowner is home or away.

For example, an Ecobee smart thermostat, available on Amazon for $140, has been used to monitor sleep patterns over the course of a year. A 2022 study used six Ecobee sensors to track sleep time, wake-up time, sleep duration, as well as time spent at home. It also determined how those behaviors were influenced by weekends and seasonal weather.

This all came from the thermostat’s data, which can connect to Apple’s Siri, Amazon’s Alexa, and Google Assistant.

Google Nest thermostats can come equipped with a series of cameras, sensors, and more, as well as public-facing features like Home/Away Assist and Auto-Away. These features track whether the user is home or not and can do so in multiple ways.

The first option is to sync with the homeowner’s phone location. It asks for user location and address, and it even helps pinpoint the home on a map.

Auto-Away does not even need add-on sensors throughout the house to tell if the user is home. According to How to Geek, it uses the thermostat’s built-in motion sensors to make this determination.

The justification for the intimate invasion of privacy is to lower and limit heating or cooling usage when the user is not at home or to enable security features.

Ecobee also has passive motion sensors that can tell when a person is home or not.

RELATED: Creepy new laws will mean your car monitors you 24/7 — eyes, skin, even breath

Photo by Joan Cros/NurPhoto via Getty Images

Ecobee also utilizes a feature so it knows which rooms in a home are occupied. “Follow me” mode is an attempt to maximize energy efficiency by tracking the resident with sensors as he moves through rooms, and it adjusts the temperature accordingly.

At the same time, it tracks the amount of time spent in each room.

A 2018 study showed a 95% accuracy rating in terms of gauging home occupancy using a technology called WalkSense. The technology identified room occupancy, house vacancy, and even occupant activities.

The latter is helped by what is referred to as “load monitoring,” which is a fancy term for tracking what type of appliances a person uses by how much electricity he uses, another feature of smart home devices.

RELATED: Storm season is here. Yes, you need a better weather app.

Load monitoring works by applying a “signature” to an appliance by extracting data from its power signal. The signature is applied to the typical amount of energy usage from the appliance, which henceforth identifies the amount of power used by a dishwasher, washing machine, etc.

A February 2021 study proposed such a system that identified appliances with 98% to 99% accuracy.

Another study from 2017 even showed it was using load monitoring through a smart meter called Rainforest at the time.

Load monitoring is typically used with energy meter trackers like Sense Energy — installed on the electrical panel — but can be paired with home monitoring systems like Google Nest or Alexa, which either pair with or operate the smart thermostat.

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