WATCH LIVE | Key hearings in Georgia, New York Trump cases

The conservative outlet National Review hammered President Donald Trump this week over his recent attacks on Federal Reserve Chair Jerome Powell.

“If Donald Trump is upset about higher interest rates, he should stop doing just about everything he can to undermine the U.S. economy in the eyes of the world,” the editors wrote.

Between tariffs and the attacks on Powell, the U.S. is becoming “a riskier place to do business," the editors said.

“[When] the independence of the central bank comes under threat from the president, people will demand higher yields to make buying U.S. sovereign debt worth their while.”

The outlet noted the best way to see how “real investors with real money” feel is to watch the market as it reacts to Trump’s decisions. “Their verdict is clear: They don’t like it, they’re going to keep saying so with their money as long as the president doesn’t change course, and that has real negative consequences for Americans.”

“The stock market is down, and that’s bad. Worse is the simultaneous decline in the value of the dollar and the price of U.S. government bonds.”

The editors said declines like this typically happen “in poor countries facing economic crises, not in the richest country in the history of the world.”

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“There’s a constitutional argument to be made that such a restriction on the president’s power is impermissible. But it shouldn’t even get to that point, because firing Powell is not helpful to Trump’s own interests.”

They went on to claim, “Voters want economic stability, and firing Powell would only create more instability.”

America’s debt is also becoming more difficult to finance, meaning the demand for government bonds will go down with it. They believe this means “future tax increases, inflation, or both are on the way.”

The board does have a solution to stop the “chaotic and ill-considered trade and monetary policies,” which is to “keep any one person [Trump] from being able to change them at will. That has been the traditional American practice, and it would be best to follow it.”

Rep. Byron Donalds (R-FL) held an event in Estero, Florida, on Monday, where residents of his district expressed their anger over drastic cuts to government agencies that many count on for services.

When he came into office, President Donald Trump created the Department of Government Efficiency by executive order and tasked tech billionaire Elon Musk with finding things to cut. That initiative has been behind the upheaval and dismantling of government agencies. Websites, grants, programs, and employees have been cut or frozen under the promise that Trump will save taxpayers trillions.

Speaking to CNN's Boris Sanchez on Tuesday, chief congressional correspondent Manu Raju called it a "pretty remarkable scene" that Donalds responded to angry constituents by yelling at them.

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"I mean, the question is, how broad is this among the electorate?" he questioned. "We've seen this happen time and time again. Are these Democratic voters who are coming out there expressing their outrage, and probably in a lot of cases, yes. Are there independent voters who are moved by what Donald Trump has been doing, what DOGE has been doing, impacts on their lives, on the tariffs and prices? Are those the ones that are raising concerns? Or are they Trump voters? Are they people who are concerned about the person they voted for into office here?"

He also noted that Donalds' district is in "a very conservative area." He recalled that in 2024, Trump carried the district by 30 points.

"Even that county, where that town hall was in yesterday, Trump won that by 30 points," cited Raju. "So, this is a conservative area. What does it say for the broader electorate? We'll see. But it was interesting."

He pointed to another moment in which Donalds was asked about Musk and others gaining access to personal Social Security files. When he read the question aloud, the crowd cheered.

Donalds answered that Musk and DOGE "have been authorized by the president of the United States."

The crowd booed loudly.

See the clip below or at the link here.

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