Breaking Through The Noise: Econ Facts, June 29 2026
FINANCIAL FRIDAY
🚨 THE FREE MARKET IS UNDER SIEGE
High Inflation. Corporate Conflicts. Legislative Hostage-Taking.
What’s Happening in Washington & Why It Matters to Chester County
📈 1. Inflation Hits a 3-Year High (Core PCE: 3.4%)
Despite the administration’s promises, May data shows core inflation has surged to 3.4%—the highest level in three years.
The Fed’s Hands Are Tied: In his first meeting, newly appointed Fed Chair Kevin Warsh had to hold interest rates steady to prevent an outright spiral.
The Cost to You: Experts now project a interest rate increase by late 2026/early 2027. Borrowing costs for cars, credit cards, and local businesses will remain painfully high.
🏭 2. “Uncle Sam, Shareholder” — A Corporate Conflict of Interest
The current administration is quietly abandoning traditional free-market principles to buy direct equity stakes in private corporations using your taxpayer dollars.
The U.S. Treasury now owns:
10% of Intel (Microchips)
15% of MP Materials & 5% of Lithium Americas (Critical Minerals)
A “Golden Share” in U.S. Steel (Giving the White House direct veto power over standard shareholders)
⚠️ The Referee is Playing the Game: How can the federal government fairly regulate, tax, and enforce environmental laws on companies it literally owns shares in? This is unprecedented state favoritism, not a free market.
🏠 3. Bi-Partisan Housing Relief Held Hostage
Both the House and Senate overwhelmingly passed the 21st Century Road to Housing Act—a popular, bipartisan bill designed to help first-time homebuyers fight back against corporate landlords and high prices.
The Roadblock: President Trump is refusing to sign it.
The Ultimatum: The administration is holding housing relief for young families hostage until Congress passes the highly controversial SAVE Act to introduce new federal voter registration restrictions.
🗳️ COOPERATION, NOT CORRUPTION.
We need economic policies that look out for working families in the Kennett Area—not corporate schemes and political blockades.
📢 Make Your Voice Heard
Kennett Area Democrats
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