“Under [Jerome] Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change,” principal economist tells OMG undercover journalist.
New undercover video by O’Keefe Media Group shows a top Federal Reserve official boasting about how the central bank has been politicized by far-left ideology, including race and climate issues as well as anti-Trump bias.
An OMG undercover journalist captured Aurel Hizmo, Federal Reserve Principal Economist of Real Estate and Finance Section, describing the “classified” far-left Environmental Social Governance (ESG) agenda the Fed now serves instead of its mandate to ensure a stable financial system.
Hizmo began by praising Fed Chairman Jerome Powell, for whom he’s also a speechwriter, for addressing “equity issues” and “climate change” goals, and “taking a stand against Trump.”
BREAKING, INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not… pic.twitter.com/5CqZX2LhwT
— James O’Keefe (@JamesOKeefeIII) April 10, 2024
“Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change,” Hizmo told the OMG journalist.
Hizmo, an admitted Biden supporter, also expounded on the Fed’s anti-Trump sentiment driven by Powell.
“Trump is just a crazy person. The feeling is this: we don’t want Trump to be in the government,” Hizmo said.
Hizmo suggested Powell’s decision to raise interest rates in 2018 in spite of Trump’s calls to lower them was politically rather than economically motivated.
“Trump was president. He wanted to stimulate the economy. But he [Powell] wouldn’t do it, and he started raising interest rates and doing the opposite of what Trump wanted,” he said.
“[Powell] wants to be remembered in history as like, as somebody who held the line against, like Trump, like somebody who helped the economy.”
After divulging the Fed’s new purpose, he said, “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”
Revelations that the Fed is prioritizing ESG policies comes as the economy continues to face elevated inflation despite the Fed hiking rates 11 times over the last year and a half.
The latest Consumer Price Index report released Wednesday shows inflation ticked up for the third straight month to 3.5%, prompting the futures market to speculate the Fed may delay cutting rates.
