BONUS POD： Trump declares Antifa a Terrorist Organization plus Feds Drop Rates & How it Effects You
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Summary
Trump declares Antifa a major terrorist organization, the Fed cuts rates by a quarter percent, and there's still time to get involved in the Flags of Fellowship movement to stand with the victims of the most brutal attack on Jewish people since the Holocaust.
Transcript
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By a past administration, it became almost a culture.
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If somebody spits in your face, do nothing.
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You're listening to the 47 Morning Update with Ben Ferguson.
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Nice to have you with us on the 47 Morning Update.
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And we've got two big stories for you coming out of the White House.
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First up, President Trump has declared that Antifa is a major terrorist organization.
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Well, it's going to have a big impact on those that are funding the organization
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Also, finally, the Fed cuts rates by a quarter percent,
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signaling two more cuts will be coming this year.
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All right, I want to take a moment and I want to talk to you real quick
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about what you can do to help the people in Israel.
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It was nearly two years ago that the terrorists murdered more than 1,200 innocent Israelis
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Today, it seems as if the cries of the dead and dying have been drowned out by the shouts
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of anti-Semitism and just pure hatred, not just in America, but around the world.
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And the most brutal attack on Jewish people happened.
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And now it's like they're trying to act like it never happened.
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Now, this is where it is important for us to stand with the people in Israel.
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It's a movement of love and support for the people of Israel.
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It's being organized by the International Fellowship of Christians and Jews.
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And on October the 5th, you can stand with Israel and the victims proudly.
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Just a few weeks away, millions across America will prayerfully plant an Israeli flag in honor
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and solidarity with the victims of October the 7th, 2023, and stand with their grieving families.
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They're making sure that the world knows there are lots of people of faith in this country
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You can get more information about how you can join the Flags of Fellowship movement, including your church.
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There are going to be countless churches around the country.
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So all you have to do to get involved with Flags of Fellowship movement is go to ifcj.org.
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And if your church you think would want to be involved, you can also find out more about
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how to get your church to be involved on a special Sunday at ifcj.org.
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It's the 47 Morning Update, and it starts right now.
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President Donald Trump has declared that he is designating the Antifa movement as a major terrorist organization.
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He also stated he will recommend that people or organizations funding Antifa be strongly investigated
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under the highest legal standards and practices.
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Now, this announcement came in the wake of the assassination of conservative activist Charlie
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Kirk, which Trump and his allies say underscores the need to address what they characterize as
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It's not a single group or with a hierarchy structure.
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In fact, it's a loosely affiliated ideology where people all the time are saying, I'm a member
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of Antifa, and then carrying out many times criminal activities.
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Now, because of the decentralization of it, there's no clear chain of command, which means
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you have to actually follow the money, because without formal membership lists or centralized
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leadership, you've got to find out who is funding Antifa and who on the left is writing
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the checks for so many of the things that they actually do.
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Now, there are several significant legal obstacles to make this kind of designation meaningful
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And that's exactly what the president is doing right now.
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In fact, if you want to know when this really became a reality, you can go to the White House
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and the Oval Office just two days ago when the president was asked this question about
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Antifa and what it would mean to designate them a terrorist organization from a member
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Do you plan on designating Antifa finally a domestic terror organization?
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If I have support from the people back here, I think we'd start with Pam, I think.
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But I would if you give me I would do that 100 percent.
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We have some pretty radical groups and they got away with murder.
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And also, I've been speaking to the attorney general about bringing Rico against some of
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the people that you've been reading about that have been putting up millions and millions
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These are crimes, what they're doing, where they're throwing bricks at cars of the of ice
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and border patrol and they come in with a beautiful new car.
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And after 50 yards, it looks like an old beat up vehicle.
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I had to sit home and watch people screaming at policemen and spitting in their face and
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And a woman, in many cases, women, you can see they're professional agitators.
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I had four the other night, all in one group, total phonies.
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I started to scream when I got into a restaurant, oh, you know, something with Palestine.
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And I said, well, I'm doing a great job for peace in the Middle East.
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With the Abraham Accords and everything else.
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But a woman just stood up and started screaming.
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The people, there were a lot of people in the restaurant.
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I went there to show how safe, and it was safe.
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And I've asked Pam to look into that in terms of RICO, bringing RICO cases against a criminal
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What they're doing to this country is really subversive.
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Now, here is the best part about what this means moving forward.
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The consequences of this action on Antifa are huge.
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This will now allow the U.S. government to increase investigations into individuals or
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entities that are believed to provide support to Antifa, a.k.a. money and logistics supplies.
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Trump specifically asks for these types of investigations.
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It also allows for potential executive orders, regulations, policy changes aimed at curbing
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political violence or hate speech associated with Antifa.
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And then there's the possible legal or administrative sanctions for those found to be a material support
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of Antifa if state or federal laws can be invoked.
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This is where there is real consequences for people that are involved with this radical organization.
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And you need to find out who is exactly funding them.
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Groups like the ACLU and the SPLC, they're going to argue that the designation violates
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constitutional protection, free assembly, free speech, due process.
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And then the courts are going to have to interpret what designating a terrorist organization means
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I think this is clearly a fight the White House is more than happy to have.
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And then there's the political polarization of this.
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Democrats already coming out and saying that this is a threat to free speech.
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So let's go back to the president and what he actually had to say after designating Antifa
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Here's how CNN put it as they had to read the president's words.
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I don't know if you know this, but I've just seen that the president on his social media
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has announced, I'm pleased to inform our many USA patriots that I'm designating Antifa
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a sick, dangerous, radical-left organization as a major terrorist organization.
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I'll also be strongly recommending that those funding Antifa be thoroughly investigated
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in accordance with the highest legal standards and practices.
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They can't stand the fact that radical organizations that are out there being funded by dark money
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from Democratic donors that are then committing crimes and terrorizing the public
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are no longer going to be able to operate the way they were under the Biden administration.
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By the way, this is exactly why I voted for Donald Trump.
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Donald Trump has repeatedly urged the Fed to cut interest rates more aggressively.
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For example, in June of this year, he called for a full percentage point drop.
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Also, he said the rates are at least three percentage points too high.
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Now, Trump had criticized the Fed, especially the chair, Jerome Powell, for not cutting sooner
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or more deeply. He made it very clear he believed that the cuts needed to come
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He even talked about the idea that it was time to get rid of Jerome Powell, that he should resign.
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But the good news is, finally, the Feds have cut interest rates by a quarter percentage point.
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Yeah, Brianna, the Fed just delivered an interest rate cut and it is the quarter point cut that was widely expected.
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Now, this is a big deal because it is the first interest rate cut of the second Trump administration.
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And it's sending a clear message that Federal Reserve officials are more worried about the slumping job market
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They're acting now to try to shore up the job market before this trouble turns into something worse.
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And they're signaling this concern in their new statement that they just put out
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by inserting some new language that I'll read to you now.
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Fed officials say that job gains have slowed and the unemployment rate has edged up but remains low.
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Fed officials also say that they have judged that downside risks to employment have risen.
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Now, at the same time, this statement also says that inflation has moved up and remains somewhat elevated,
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which just gets at this really difficult situation facing the Fed where they're really trying to fight a two-front war, right?
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They're trying to fix the job market and they're trying to defeat inflation at the same time.
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Now, as far as the voting here, this was actually almost unanimous.
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It was an 11-to-1 vote with Fed Chair Jerome Powell joined by 10 of his colleagues,
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including Fed Governor Lisa Cook, who the president has tried to fire.
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The one dissenter is the Federal Reserve's newest member.
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That's Stephen Myron, the Trump loyalist and White House economist.
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Not surprisingly, he was in favor of a bigger cut of half of a percentage point.
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Now, looking forward, the key change with the Fed's projections is they are now penciling in a total of three interest rate cuts this year.
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Now, that's a shift from June when Fed officials had previously just penciled in two interest rate cuts.
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Now, what does all this mean to everyone at home?
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Well, the fact that rates have come down, that could be helpful for people who have credit card debt and people of floating rate debt, like home equity lines of credit.
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This is not a silver bullet that's going to fix the economy.
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The Fed spiked interest rates three years ago to try to fight inflation.
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That amounted to slamming the brakes on the economy.
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Now, they're not going pedal to the metal and hitting the gas.
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They're sort of gradually taking their foot off the brake.
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Now, later this hour, Fed's shared Jerome Powell.
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I'm interested to hear what he's going to say about all of the pressure, the political pressure from the White House on Federal Reserve officials
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and how many more interest rates he expects to have in the coming months.
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I love how they're like, well, this could be good for Americans.
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This is going to be massive, by the way, for Americans.
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And this is exactly what the president has been advocating for, saying that we need to move this in the right direction.
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We also know from what was said by Powell that you can expect that there is a very good chance that more cuts could be coming on the regular.
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Is this a big victory for the fact that Jerome Powell said it the way that he described it?
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And is it something that we should all celebrate?
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Under what circumstances would a larger than 25 basis points rate cut be warranted?
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And how seriously was that option entertained at your meeting this week?
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There wasn't widespread support at all for a 50 basis point cut today.
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You know, I think we've done very large rate hikes and very large rate cuts in the last five years.
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And you tend to do those at a time when you feel that policy is out of place and needs to move quickly to a new place.
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I feel like our policy has been doing the right thing so far this year.
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I think we were right to wait and see how tariffs and inflation and the labor market evolved.
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I think we're now reacting to, you know, to the much lower level of job creation and other evidence of softening in the labor market and saying,
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well, those risks are maybe maybe not fully balanced, but moving in the direction of balance now.
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So even Jerome Powell having to admit he's probably gotten it wrong for a while now and he's having to be honest that Donald Trump was right.
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Thank you for listening to the 47 Morning Update with Ben Ferguson.
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Please make sure you hit subscribe wherever you're listening to this podcast right now.
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And for more in-depth news, also subscribe to the Ben Ferguson podcast and we will see you back here tomorrow.