The Megyn Kelly Show Fed Holds Rates Steady Despite Trump's Wishes and GDP Rebound, Khalil Legal Showdown: AM Update 7/31
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Jul 31, 2025 Investigative journalist Margot Cleveland discusses the Federal Reserve's surprising decision to maintain interest rates despite pressure from President Trump, amid encouraging GDP growth. She breaks down the complex legal scenario surrounding Mahmoud Khalil, where a judge's actions defy typical immigration proceedings. The conversation also touches on political controversies, including NYC mayoral candidate Zohran Mamdani’s past anti-police remarks and his responses to gun control debates following recent tragedies.
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Fed Rate Decision Controversy
- Jerome Powell kept interest rates steady despite Trump and some Fed board members wanting cuts.
- This revealed internal Fed dissent and shows Powell's focus on timely responding to economic changes.
Strong GDP and Inflation Drop
- GDP grew 3% in Q2 with inflation down to 2.1%, hitting Fed's target.
- High growth combined with low inflation and rising personal income marks an ideal economic situation.
Immigration Judge Jurisdiction Clash
- Federal judge in NJ overstepped by interfering in immigration court rulings on Mahmoud Khalil.
- This interrupts normal deportation processes and likely violates congressional jurisdiction limits.