Steve Forbes warns 'storm clouds' ahead for economy, rips Biden's EV push: 'Shows how crazy these people are'
Fox News
Steve Forbes says two "storm clouds" are spelling trouble for the U.S. economy - the Federal Reserve's monetary policy and the Biden administration's green energy agenda.
"The way you fight inflation is stabilize the value of the dollar. The Fed did it in the 1990s, so this isn't something new. But they're deliberately depressing the economy. That means they're going to raise interest rates. And that means we have tough times ahead," Forbes said on "The Faulkner Focus" Wednesday.
"I'm surprised the markets held up as well as it has given the storm clouds that are coming from a central bank that doesn't know what it's doing [and] a government that is putting on these crazy regulations."
Forbes argued the two storm clouds - the Federal Reserve and the Biden administration's regulations on different economic sectors - are paving the way for "tough times."
President Donald Trump is reportedly expected to invoke the Alien Enemies Act of 1798 in an effort to fast track mass deportations of illegal immigrants.
President Donald Trump's poll numbers are edging down since taking over in the White House nearly eight weeks ago. And Americans appear to be giving DOGE's Elon Musk a thumbs down
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President Trump in a press event with NATO Secretary General Mark Rutte suggested that Russia, China and Iran could be meeting to discuss "de-escalation" during upcoming nuclear talks.
Chaotic scenes broke out at the New York state Capitol in Albany on Wednesday as raging pro-illegal immigration activists and Democrat lawmakers attempted to confront Border Czar Homan over his immigration clampdown efforts.
President Donald Trump has long advocated for NATO allies to ramp up defense spending to between 2% to 5% gross domestic product.
Rep. John Larson, D-Conn., melted down in a screaming fit over Elon Musk and DOGE before House Ways and Means Committee colleagues on Wednesday.
Texas Attorney General Ken Paxton is investigating Dallas and its police department over its refusal to comply with state and federal immigration laws.
A new Heritage Foundation report calls for making Israel a "strategic partner" that isn't dependent on U.S. aid and proposes that direct aid should be phased out.
Democrats are torn on how to vote for Trump's budget bill amid a looming government shutdown if an agreement is not made.
Senate Democrats are divided on how they will vote on a bill to avert a government shutdown.
Senate Democrats are divided on how they will vote on a bill to avert a government shutdown.
A once-busy border sector just east of San Diego has become quiet since President Donald Trump took office and began aggressively securing the border, says a veterans group.