Investor and author Mitchell Feierstein told Newsmax on Thursday that the actions of the Federal Reserve over the last several years indicate the entity “has become extremely political,” though their role in the economy should remain neutral.

The author of the book “Planet Ponzi” noted that the Federal Reserve lowered interests rates in September 2024, just prior to the presidential election, and they should consider “three rate cuts” by the end of 2025.

“And I don’t think that they want to make rate cuts because the Fed has become extremely political, which I don’t think they should be. They should stick to their two priorities of price stability and full employment,” Feierstein said during an appearance on “Wake Up America.”

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