Let’s stop pretending Jerome Powell is some impartial steward of the economy just trying to do his job.

He isn’t. He’s playing politics with the futures of millions of Americans, and my generation is bearing the brunt of it.

While the Federal Reserve prepares to spend over $2.5 billion renovating its palatial headquarters, decking it out in imported marble and modernist opulence, young Americans are out here just trying to afford a starter home. We’re not asking for much: a patch of land, a front door, and the dignity of ownership. But, thanks to Jerome Powell’s refusal to cut interest rates, even that modest dream feels like a fantasy.

Powell’s negligence isn’t just bad policy. It’s generational theft.

At a time when inflation has cooled, job growth remains stable, and global conditions call for relief, the Fed continues to hold interest rates at suffocating, near 20-year highs.

Why? Because Powell knows what lowering rates would do: it would boost the economy. It would bring relief to working families. And yes, it would help President Donald Trump. And that, apparently, is something Jerome Powell just can’t stomach.

So, instead of doing the right thing, he’s doing the political thing. And he’s disguising it as so-called prudence.

I’m not buying it.

High interest rates aren’t some abstract policy lever. They’re a wrecking ball, smashing through the budgets of everyday Americans. When interest rates are this high, mortgages become unaffordable. Monthly payments skyrocket. The average 30-year mortgage rate now sits around 7%, up from 2.65% just a few years ago. That translates to hundreds of dollars more per month, if not thousands, for the same home. And that’s assuming you can even get approved for one.

So, what happens? People stay renting. Families delay buying. Couples postpone starting a family. Dreams are deferred, futures are frozen, and lives are lived on pause.

That isn’t economic stewardship. It’s economic strangulation.

And it’s disproportionately hitting young people. Millennials and Gen Z aren’t out here begging for handouts; we’re begging for a fair shot. But we’ve been priced out of the housing market, saddled with student debt due to degrees that increase in cost but decrease in value, and now, thanks to Powell, we’re locked out of building real wealth through homeownership —the very cornerstone of the American middle class.

This isn’t just about housing. It’s about hope.

It’s about whether a generation of Americans will believe that if you work hard, play by the rules, and save your money, you can build a life. Because right now, under Jerome Powell’s leadership, that promise is eroding.

And let’s be honest: this didn’t happen by accident. Powell knows exactly what he’s doing. He’s using the Federal Reserve as a weapon to kneecap an economy that would otherwise be roaring back, all because he fears what that might mean politically.

It’s shameful. It’s disgraceful. And it’s a violation of the trust that comes with his office.

President Trump, along with Federal Housing Finance Agency Director Bill Pulte, is absolutely right to demand Powell’s resignation. And every American who cares about fairness, growth, and the future should echo that call. Because this is no longer simply about monetary policy. It’s about simple right and wrong.

Jerome Powell is not some neutral expert stuck in a tough position. He is an unelected bureaucrat standing between an entire generation and the American Dream. He is choosing stagnation over opportunity. Pain over prosperity. Politics over people.

And he needs to go.

We deserve better. We deserve a future. And we’re not going to sit quietly while that future gets stolen by one man’s disgraceful obsession with political sabotage disguised as economic strategy.

Enough is enough.

CJ Pearson, is National Co-Chair of the Republican National Committee Youth Advisory Council.

The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

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Jerome Powell Is Killing Gen Z’s Shot At The American Dream