Jindalee Lithium (JLL:AU) has announced Reinstatement to Official Quotation
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Jindalee Lithium (JLL:AU) has announced Reinstatement to Official Quotation
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American Uranium (AMU:AU) has announced Snow Lake Completes AMU Investment
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Tackling soaring inflation in the US is the job of the country’s central bank, known as the US Federal Reserve, or the Fed.
The US Fed has consistently made headlines in recent years due to its role in managing inflation through the use of interest rate changes.
Between mid-2021 and 2023, the US economy experienced high inflation, peaking at 8.5 percent in July 2022. The Fed has helped bring it largely under control through careful interest rate increases during that time period.
According to US Labor Department data, the inflation rate in July 2025 was 2.7 percent. As this is still above the Fed’s target of 2 percent, the bank has been slow to lower interest rates so far.
It’s important for any investor to understand the ins and outs of the Fed’s role in US monetary policy and interest rates, as its decisions have a strong impact on US and global markets as well as precious metals prices.
The Federal Reserve, often referred to as the Fed, is the US central bank and monetary authority. It was established by the Federal Reserve Act in 1913, which gave the Fed responsibility for setting monetary policy in response to the 1907 Banker’s Panic.
“The Panic was caused by a build-up of excessive speculative investment driven by loose monetary policy,” explains Investopedia. “Without a government central bank to fall back on, U.S. financial markets were bailed out from the crisis by personal funds, guarantees, and top financiers and investors, including J.P. Morgan and John D. Rockefeller.”
Although it is an independent government agency, the Fed is accountable to the public and US Congress. The current Fed Chair is Jerome Powell, an investment banker who served as assistant secretary and undersecretary of the Department of the Treasury under former President George H.W. Bush. Powell took the helm at the Fed in 2018.
The Fed has a dual mandate: to achieve stable prices and stable employment. The government agency also provides banking services and is the main regulator of the nation’s banks. In times of economic turmoil, the Fed also acts as a lender of last resort.
It’s important to note that while the Fed manages the national monetary policy and regulates the financial system in the US, its actions also have a powerful influence on the global economy.
The Federal Open Market Committee (FOMC) is the Fed’s monetary policy-making body. The 12 members of the FOMC are the seven members of the board of governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and four of the 11 reserve bank presidents who rotate through the positions for one year terms.
For more than a century, the Fed has been tasked with keeping a watchful eye on any structural risk to monetary stability in the US financial system, and rising inflation and high unemployment are two of the biggest threats to monetary stability.
In the face of rising inflation, the Fed raises interest rates in the hopes of reigning in rapidly rising prices by curbing demand. When interest rates are higher, borrowing money becomes more expensive, which ultimately slows consumer spending and curtails corporate growth.
During times of slow economic growth, the Fed lowers interest rates in order to stimulate the economy. Lower interest rates in effect lower the cost of borrowing and investing for both businesses and individuals.
The Fed’s goal is to keep inflation around its target rate of 2 percent, and unemployment around 4 to 4.5 percent.
“The principle of inflation targeting is based on the belief that long-term economic growth is best achieved by maintaining price stability, and price stability is achieved by controlling inflation,” according to Investopedia.
Inflation is calculated through factoring in price changes of a weighted basket of goods and services, as well as housing.
For example, the COVID-19 pandemic that began in 2020 caused a surge of inflation in the US and globally.
Prices of goods were driven higher by a mix of factors, including significant supply chain disruptions hurting product availability, and economic stimulus packages increasing spending power and demand.
Additionally, the lasting switch to work-from-home for many led to increased demand for homes with space for offices, driving up housing prices. As housing is the highest weighted factor when calculating US inflation, this was one of the biggest drivers of inflation in the 2020s.
Global supply chains have since been hampered by factors like Russia’s ongoing war in Ukraine and growing conflict in the Middle East. There is also the uncertainty generated from the global wave of tariffs sparked by US President Donald Trump’s trade policies, which will raise the cost of goods purchased by American consumers.
This global supply and demand imbalance has led to rising prices for a wide range of consumer products, from gas to groceries. The result has been a loss in purchasing power for US consumers as their dollar needs to stretch further.
In an effort to fight inflation, the American central bank consistently increasing rates from its March 2022 meeting with an initial boost of 25 basis points. Its hike of 75 basis points in June 2022 was at the time its largest since 1994, and it was followed by another three hikes of this magnitude in 2022.
The Fed raised interest rates by 5.25 percentage points between March 2022 and July 2023 before holding at 5.50 percentage points for more than a year. The Fed’s current rate cutting cycle began with a .50 drop in September 2024.
_FOMC meeting date___ |
Rate hike in basis points_ |
Target federal funds rate_ |
January 25 to 26, 2022 |
N/A |
0 to 0.25 percent |
March 15 to 16, 2022 |
+25 |
0.25 to 0.5 percent |
May 3 to 4, 2022 |
+50 |
0.75 to 1 percent |
June 14 to 15, 2022 |
+75 |
1.5 to 1.75 percent |
July 26 to 27, 2022 |
+75 |
2.25 to 2.5 percent |
September 20 to 21, 2022 |
+75 |
3.0 to 3.25 percent |
November 1 to 2, 2022 |
+75 |
3.75 to 4.0 percent |
December 13 to 14, 2022 |
+50 |
4.25 to 4.5 percent |
January 31 to February 1, 2023 |
+25 |
4.5 to 4.75 percent |
March 21 to 22, 2023 |
+25 |
4.75 to 5.0 percent |
May 2 to 3, 2023 |
+25 |
5.0 to 5.25 percent |
July 25 to 26, 2023 |
+25 |
5.25 to 5.5 percent |
The FOMC holds eight meetings per year, typically scheduled every seven weeks. According to the Fed’s website, during these meetings the FOMC “reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.”
As of August 21, three more Fed meetings are scheduled for 2025, and market participants will be closely watching these events.
It’s too soon to know what exactly the Fed will do at these remaining meetings, but its July statement gives some clues — in it, the central bank said that it ‘seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.’
At the time, the Federal Reserve decided to hold rates steady at 4.25 to 4.5 percent for the fifth straight meeting as inflation remained elevated and job numbers appeared strong. The decision placed downward pressure on the gold price as a better economic outlook dimmed demand for the safe-haven asset.
While the current tariff war between the US and many of its major trading partners has some calling for a return to higher inflation, weak unemployment figures and other economic data published since the last meeting has caused others to consider the potential for a recession before the end of the year.
‘At present, the latest economic data have been sufficiently mixed as to support either policy alternative,’ according to analysts writing for the Peterson Institute for International Economics. ‘The case for a rate cut is driven by the pronounced slowing in job creation, the failure of inflation to respond much to the initial tariff increases, and the fact that most FOMC participants view the current stance of policy as slightly tighter than neutral.’
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
The House Oversight Committee has released another tranche of files related to Jeffrey Epstein on Monday night, which includes a message from former President Bill Clinton in the late pedophile’s infamous ‘birthday book.’
The surprise document dump by the GOP-led panel came hours after Epstein’s estate turned materials over to House investigators, pursuant to a congressional subpoena.
Among the documents released by the committee is the reported book compiled by Epstein accomplice Ghislaine Maxwell for the late pedophile’s 50th birthday.
What appears to be an entry by Clinton praises Epstein’s ‘childlike curiosity, the drive to make a difference, and the [illegible] of friends.’
The book also appears to include entries by former Epstein attorney Alan Dershowitz and President Donald Trump, though the White House and the president himself have vehemently denied its veracity on multiple occasions.
‘As I have said all along, it’s very clear President Trump did not draw this picture, and he did not sign it. President Trump’s legal team will continue to aggressively pursue litigation,’ White House press secretary Karoline Leavitt wrote on X, specifically in reference to a Wall Street Journal story that first mentioned allegations of Trump writing in the book.
Fox News Digital also reached out to Clinton’s office for comment.
Epstein and Clinton were known to have a cordial relationship, and Clinton is known to have flown on Epstein’s plane on numerous occasions.
Neither he nor Trump have been accused of any wrongdoing related to Epstein, however.
Speaker Mike Johnson, R-La., told reporters when asked about Trump’s entry in the book, ‘I’m told that it’s fake.’
The entry under Dershowitz’s name references a news article that he took for influencing, perhaps in a joking manner, changing the focus from Epstein to Clinton.
‘Dear Jeffrey, As a birthday gift to you, I managed to obtain an early version of the Vanity Unfair article. I talked them into changing the focus from you to Bill Clinton, as you will see from the enclosed excerpt. Happy birthday and best regards,’ the entry said.
Dershowitz has also consistently denied wrongdoing as it relates to Epstein.
A cartoon drawn underneath, that was not attributed to anyone, shows a man at a bar with the caption, ‘I’ve come to the conclusion that I should be thinking less about money and more about naked women, and biomathematical research.’
Other entries in the ‘birthday book’ appear to be Epstein during various stages of his life.
Another entry appeared to make a joke about Epstein being a U.S. intelligence asset. Below a photo of Epstein next to a woman with her face redacted reads a note, ‘He is the boyfriend of [redacted]…We think he works for the CIA.’
A photo on another page shows a young Epstein in front of what appears to be a store counter, with the accompanying caption, ‘Are you sure this will make my ‘winkie’ grow?’
The tranche of documents released by the House Oversight Committee also includes details of Epstein’s last will and testament, what appears to be an address book of contacts, and details of his 2007-2008 non-prosecution agreement with the U.S. Attorney’s Office in Southern Florida.
In a statement upon the files’ release, House Oversight Committee Chairman James Comer, R-Ky., criticized Democrats for earlier releasing only the portion of the files that included Trump’s name – and asserted that the president was not implicated in any wrongdoing.
‘It’s appalling Democrats on the Oversight Committee are cherry-picking documents and politicizing information received from the Epstein Estate today. Oversight Committee Republicans are focused on running a thorough investigation to bring transparency and accountability for survivors of Epstein’s heinous crimes and the American people,’ Comer said.
‘President Trump is not accused of any wrongdoing and Democrats are ignoring the new information the Committee received today. The Committee will pursue additional Epstein bank records based on this new information. Democrats must decide if their priority is justice for the survivors or politics.’
The release comes a day before former Obama administration Attorney General Loretta Lynch is set to appear before Comer’s panel for a closed-door deposition on Epstein.
Supreme Court Justice Amy Coney Barrett pushed back against partisan portrayals of the Supreme Court, telling Fox News’ Bret Baier that justices ‘wear black, not red or blue’ and follow the Constitution, not politics.
She appeared on Fox to promote her new book, ‘Listening to the Law,’ and to address public perceptions of the Court’s work and independence.
Barrett stressed that the Court is not divided into partisan teams. She also defended its approach to presidential power, clarified misconceptions about the Dobbs decision, and reflected on her originalist judicial philosophy.
Her book touches on details such as assigned seating, courtroom traditions, and the gap between outside perception and inside reality.
‘You know, we don’t wear red and blue, we all wear black because judges are nonpartisan. And the idea is that we are all listening to the law. We’re all trying to get it right. We’re not playing for a team,’ she told Baier. ‘We don’t sit on specific sides of the bench, left and right. You know, we sit in order of seniority.’
Barrett underscored the disconnect between public perception and the Court’s inner workings, noting:
‘I often ask new law clerks what surprised you most when you started? And one of the most common answers is the difference between what’s happening on the inside and what people think is happening on the inside.’
Critics on the left argue the Court is shielding former President Donald Trump, a view reflected in headlines from outlets such as The New York Times and NBC.
Barrett responded by placing the Court’s work in historical context, stressing that cases on presidential power extend beyond any one occupant of the office.
‘We’re not deciding cases just for today, and we’re not deciding cases based on the president,’ Barrett said. ‘As the current occupant of the office, we’re deciding cases about the presidency. So we’re taking each case, and we’re looking at the question of presidential power as it comes. And the cases that we decide today are going to matter.
‘Four presidencies from now, six presidencies from now, and so on. Each of these cases that we’re getting, you know, well, I mean, some of them overlap, but many present different constitutional issues,’ she added.
She stressed the Court rules on the presidency as an institution, with decisions that resonate across administrations.
Turning to the Dobbs decision, Barrett said the ruling did not outlaw abortion but returned the issue to the political process—a point she argued has been widely misunderstood.
‘Dobbs did not say that abortion is illegal. Dobbs said it belongs to the political process,’ Barrett said.
Barrett acknowledged growing threats to judges, stressing violence should not be ‘the cost of public service.’
Returning to public perception, she said the Court must follow the law even when rulings are unpopular, stressing integrity over public opinion.
‘The court… can’t take into account public opinion in making individual decisions… you have to follow the law where it leads, even if it leads in a place where the majority of people don’t want you to go,’ she said.
The House is preparing to take up its annual defense policy bill this week, with Democrats filing hundreds of amendments — many aimed at rebuking President Donald Trump’s administration and current GOP priorities
Lawmakers submitted roughly 450 proposed amendments to the fiscal 2026 National Defense Authorization Act (NDAA). Among them are measures dealing with diversity, Israel funding and Trump’s crackdown on illegal immigration.
The House Rules Committee will review the bill Monday afternoon and set parameters for debate, paving the way for a floor vote later this week.
Most of the progressive amendments are unlikely to survive, underscoring their symbolic nature. Still, Democrats are using the traditionally bipartisan defense package to spotlight opposition to the White House and Republican leadership.
Rep. Jasmine Crockett, D-Texas, filed several amendments, including one to strike the NDAA’s prohibition on using defense funds for diversity, equity and inclusion (DEI) efforts.
Similarly, Reps. Luz Rivas, D-Calif., and Jill Tokuda, D-Hawaii, offered an amendment to block a ban on DEI programs at the Pentagon.
Crockett also introduced language aimed at halting construction of migrant detention facilities on military installations, directly challenging Trump administration policy.
Rep. Maxwell Frost, D-Fla., put forward an amendment barring Defense Department funds from supporting migrant processing and detention operations.
The Pentagon announced last month it is building the country’s largest federal migrant detention center in Fort Bliss, Texas.
Rep. Delia Ramirez, D-Ill., filed two amendments targeting Trump-era immigration policies. One would prohibit funding for family separation, while another ‘prohibits funds from being used to transfer non-citizens to foreign prisons, except under treaties and extradition laws,’ according to the Rules Committee website. The latter proposal would effectively block deportations to El Salvador.
Reps. Rashida Tlaib, D-Mich., and Ilhan Omar, D-Minn., introduced measures aimed at limiting U.S. support for Israel.
Tlaib’s amendment would ban U.S. arms sales to countries whose governments include officials with outstanding International Criminal Court (ICC) arrest warrants. The ICC issued warrants in late 2024 for Israeli Prime Minister Benjamin Netanyahu and senior officials.
Omar’s proposal seeks to repeal Israel’s emergency access to a U.S.-managed weapons stockpile located in the country.
The NDAA is a bill passed every fiscal year that sets national security and defense policy for the U.S. government.
More than 1,000 total amendments have been introduced to this year’s bill.
President Donald Trump just took a pivotal step to make healthcare affordable again.
On Sept. 4, his administration announced that most Americans will now be eligible to buy what are known as ‘copper plans’ on the ObamaCare exchanges. Before this reform, nearly all Americans were legally barred from buying these much more affordable plans. But now working families can get the plans they need at a price they can afford – and many uninsured people will likely get covered as a result.
The president is fixing one of the fundamental problems with ObamaCare. That law forced Americans who get their insurance on the individual market to buy costly plans, and in the 11 years since the law went into effect, they’ve gotten even pricier.
ObamaCare plans have risen by nearly 200% since 2013. What’s more, prices for all plans are expected to rise another 18% by the start of next year.
ObamaCare’s authors knew their law would make healthcare more expensive. That’s why they quietly created an actually affordable option, which they called ‘copper plans.’ These plans cover pre-existing conditions, essential health benefits and everything else that ObamaCare requires, but they come with slightly higher out-of-pocket costs in exchange for dramatically lower premiums.
Tens of millions of people could benefit from these options, but the federal government only allowed a minuscule number of Americans to buy them. Basically, you had to be under the age of 30. While anyone else could apply for a ‘hardship exemption’ to become eligible, the federal government rarely, if ever, granted these requests, forcing people to pay much more.
No longer. The Trump administration has effectively said that most Americans are now eligible for a hardship exemption, meaning anyone can buy a copper plan. Research from my organization shows that, on average, copper plans have 22% lower premiums than the typical bronze plan – and they cost up to 60% less than ObamaCare’s gold plans. By choosing these options, families can literally save hundreds or even thousands of dollars per year.
The return of affordability is reason enough to praise the president’s move. But this reform will have the added benefit of empowering uninsured people to finally get coverage they can afford. Nearly 27 million Americans are uninsured, many – if not most – because health insurance costs too much. They’ve needed access to copper plans, but their own government has blocked them. Now they’re free to buy better coverage.
Crucially, the uninsured population has the exact groups of people who can help the ObamaCare exchanges become more sustainable. The second and third-largest groups of the uninsured are between the ages of 26 and 34 and 35 and 44, respectively. These tend to be healthier people who don’t need costly plans because they don’t need much health care. As such, they don’t mind the higher out-of-pocket costs that come with the typical copper plan.
By helping to get more of these people covered, President Trump may very well stop the doom loop that has defined ObamaCare – a doom loop of ever-higher prices driving more and more people out of the markets altogether. And with fewer uninsured Americans and more people on private coverage, hospitals will see their uncompensated care costs drop. So hospitals – especially rural hospitals – will be on stronger footing.
This single reform could help millions – if not tens of millions – get more affordable coverage. It also meshes well with another commonsense policy issued by President Trump. He has reversed the Biden administration’s restrictions on short-term plans, empowering Americans to buy even more affordable coverage options for years at a time.
This reform will also expand coverage to more uninsured people, while enabling others to get plans that better fit their budgets. We’re talking Americans of all ages who are in between jobs and looking for work, those who’ve retired but aren’t yet eligible for Medicare, and working families desperately looking for affordable coverage.
Americans urgently need this healthcare relief. While Democrats and the media are demanding that Republicans merely expand ObamaCare subsidies to prevent people from losing coverage, that’s not a real or sustainable solution.
More government subsidies only make health insurance more expensive, not less. President Trump has taken the better road by giving Americans greater access to more affordable plans.
When it comes to helping families out, the president’s short-term reform will make a long-term difference, and his copper plans reform gets a gold star.
In comments to Fox News Digital, the State Department’s position on Sudan’s warring parties has hardened, as a 500-day siege of the Darfur city of El Fasher has trapped hundreds of thousands of civilians.
Sudan suffers from the world’s largest displacement: Between 13 million and 15 million people have been ripped from their homes, and an estimated 150,000 people have been killed since the rebel Rapid Support Forces (RSF) and the Sudanese government’s Sudanese Armed Forces (SAF) started fighting in April 2023. The civil war’s roots lie in tensions following the 2019 ousting of President Omar al-Bashir.
‘The RSF, during the siege of El Fasher and surrounding areas, committed myriad crimes against humanity, including murder, torture, enslavement, rape, sexual slavery, sexual violence, forced displacement and persecution on ethnic, gender and political grounds,’ an Independent International Fact-Finding Mission for Sudan reported to the U.N.’s Human Rights Council last Friday.
The report agreed with other accounts that the RSF is trying to starve El Fasher’s residents to death, stating, ‘The RSF and its allies used starvation as a method of warfare.’
Aid is being blocked from going into El Fasher, the U.N. Secretary-General’s spokesperson, Stéphane Dujarric, stated Aug. 29 ‘Supplies are pre-positioned nearby but efforts by the United Nations and its partners to move them into El Fasher continue to be hampered.
‘The situation in El Fasher remains dire,’ Mariam Wahba, research analyst at the Foundation for Defense of Democracies, told Fox News Digital. ‘The RSF has effectively encircled the city, cutting off key supply routes and subjecting civilians to indiscriminate shelling. Satellite images indicate a wall is being built to trap civilians inside, consistent with RSF tactics used elsewhere. These ‘kill zones’ leave residents with no means of escape. El-Fasher is the last major SAF-held city in Darfur. If it falls, the RSF would control nearly all of Darfur, consolidating both territory and economic assets, particularly lucrative gold mines.’
President Donald Trump’s Special Advisor for Africa, Massad Boulos, met Sudan’s army chief, Abdel Fattah al-Burhan in Switzerland last month. From the tone of the State Department’s responses to Fox News Digital’s questions on Sudan this week, there appears to be little progress on the path to peace.
A spokesperson stated, ‘since the April 2023 outbreak of conflict in Sudan, we have witnessed significant backsliding in Sudan’s overall respect for fundamental freedoms, including religious freedom.
‘In order to safeguard U.S. interests, to include the protection of religious freedom in Sudan, U.S. efforts seek to limit negative Islamist influence in Sudan’s government and curtail Iran’s regional activities that have contributed to regional destabilization, conflict, and civilian suffering.’
Wahba is also concerned about the activities of foreign ‘bad actors’ in Sudan. ‘Iran has provided the SAF with drones and technical support. Emerging reports point to Iranian interest in helicopter facilities. Iran sees its involvement in Sudan as a gateway for extending its footprint in Africa.’
Wahba continued, ‘Russia has played both sides of the conflict. It has pursued a naval base on Sudan’s Red Sea coast, which would give Moscow direct access to critical shipping lanes, while also profiting from gold smuggling through RSF-linked networks.’
‘Regional powers are also advancing their own interests. Egypt has publicly backed the SAF, aligning with Sudan’s ruler, Abdel Fattah al-Burhan. Saudi Arabia is aligned with Egypt in backing al-Burhan. The United Arab Emirates, on the other hand, has provided significant support to the RSF, viewing its commander, Mohamed Hamdan Dagalo – widely known as Hemedti – as the custodian of Sudan’s gold exports and the path to its plans for port development along the Red Sea coast.’
Wahba concluded, ‘Burhan’s willingness to engage with Washington is a potential opening. This does not mean the U.S. should unconditionally back the SAF, but it could form the basis for a more defined U.S. strategy, one that makes U.S. engagement contingent on the SAF reining in, or removing, its Islamist militias and leadership.
President Donald Trump issued his ‘last warning’ to Hamas to either release the remaining hostages or face the consequences.
‘Everyone wants the hostages HOME. Everyone wants this War to end,’ Trump wrote on Truth Social. ‘The Israelis have accepted my Terms. It is time for Hamas to accept as well.’
‘I have warned Hamas about the consequences of not accepting,’ he continued. ‘This is my last warning, there will not be another one! Thank you for your attention to this matter.’
Last month, Trump said the remaining hostages would only be returned when Hamas is ‘confronted and destroyed.’ At the time, Hamas was citing alleged progress in ceasefire talks.
In July, the U.S. and Israel pulled negotiators from Qatar after Trump’s envoy Steve Witkoff said Hamas showed a ‘lack of desire to reach a ceasefire’ and was likely not negotiating in good faith.
On Aug. 26, Witkoff told Fox News’ Bret Baier on ‘Special Report’ that he and Trump wanted the hostages home that week.
‘There’s been a deal on the table for the last six or seven weeks that would have released 10 of the hostages out of the 20 who we think are alive,’ he said, noting that he believes Hamas is ‘100%’ to blame for the hold-up.
Witkoff did not elaborate on what is delaying the hostages’ return, nearly two years after they were taken in the Oct. 7, 2023, attack on Israel.
Fifty hostages continue to be held by Hamas, only 20 of whom are assessed to still be alive.
Trump previously predicted in late August that there would be a ‘conclusive’ end to the war in Gaza within the next ‘two to three weeks,’ though he did not say how this would be accomplished.
Israeli Prime Minister Benjamin Netanyahu has insisted that only a comprehensive ceasefire — one that ensures the return of all hostages and ends the war on Israel’s terms — will be considered.
Israel is preparing a new offensive in Gaza targeting Hamas, the Israel Defense Forces (IDF) said, as it expanded ground operations under Operation Gideon’s Chariots II.
IDF spokesperson Col. Avichay Adraee warned Palestinians in parts of Gaza City to leave ahead of an expected escalation. The warning included a map marking the area and highlighting one building the IDF planned to strike, citing ‘the presence of Hamas terrorist infrastructure inside or nearby.’
Fox News Digital’s Rachel Wolf and Danielle Wallace contributed to this report.
A small group of Republican lawmakers who did not feel their leaders were pushing a conservative enough agenda first began meeting in secret a decade ago, huddling in small rooms both inside and outside the U.S. Capitol, while closely guarding their membership for fear of punishment by top House GOP leaders.
Fast-forward to Thursday morning, and the House Freedom Caucus (HFC) was welcoming its members, top GOP donors, Trump administration officials and even Speaker Mike Johnson, R-La., to an ornate room inside Washington, D.C.’s Willard Hotel to mark its decade anniversary and its first annual policy summit.
‘It’s a big celebration and an anniversary for them, and I want to be a part of it,’ Johnson told Fox News Digital just before addressing the group. ‘Some of my closest friends are in this room.’
The caucus that former House Speaker John Boehner, R-Ohio, once called ‘legislative terrorists’ are now at the center of key Republican policy fights in Washington. And while they’re still a source of frustration for many GOP lawmakers – who find the group to be disruptive to Republicans’ agenda – HFC is hiding no more and has the ear of some of the most powerful people in D.C.
‘This was never our goal, you know, but we wanted to have an impact,’ Rep. Marlin Stutzman, R-Ind., a founding member of HFC who left Congress and returned in 2025, told Fox News Digital of the event at the Willard. ‘There’s always a lot of agreement in the conference, like, ‘Oh yeah, we would like to get there,’ but…sometimes you kind of need the difficult people to help move it a little bit further to the right than what you thought you might be able to.’
And rather than being a thorn in the side of Republican leaders, HFC is trying to work hand-in-hand with President Donald Trump to push for conservative policies.
They are not going against the grain any longer, House Freedom Caucus Chair Andy Harris, R-Md., told Fox News Digital.
‘We’re driving the grain,’ he said. ‘We work with the president to advance his agenda in the most conservative way possible, and we’ve been successful.’
Border czar Tom Homan, who also addressed the event along with Office of Management and Budget (OMB) Director Russell Vought, told Fox News Digital that HFC was key to advancing Trump’s border agenda.
‘They’re on the right side,’ Homan said. ‘They want to secure the border because they know a secure border, a strong border, gives us strong national security…they want us to enforce the laws.’
In late 2023, a group of HFC members were key to successfully pushing out a House speaker mid-congressional term for the first time in U.S. history.
They’ve also played significant roles in pushing Republican spending bills and the recent One Big, Beautiful Bill Act to the right – at least in the House.
Even in the middle of their two-day event on Thursday, some HFC members threatened to sink a GOP-led spending bill as a warning shot to House leaders to keep on a conservative path.
The approach has been seen as divisive for years, and this year is no different.
‘They act as if they are the only principled conservatives in the conference. It’s almost as if they would rather be in the minority,’ one House Republican, granted anonymity to speak freely, told Fox News Digital. ‘They love the attention they get when they hold out, only to fold in the end. It’s why no one respects them.’
Another GOP lawmaker said, in the context of current talks to avert a government shutdown, ‘The Freedom Caucus is not what it was two years ago or even four years ago. I don’t know what you call them, but Andy Harris speaks for himself.’
‘What is the goal of the Freedom Caucus? Is it to win? Is it to fold?’ they asked. ‘I mean, have they lost their teeth? From an outside perspective, no, I still think they get heard.’
Current HFC members brushed off the criticism.
‘We’re willing to negotiate with Donald Trump and the Senate to beat Democrats with the most conservative bill possible, so please keep assuming that we’re dead, and please keep writing that obituary, because we’re winning,’ HFC Policy Chair Chip Roy, R-Texas, told Fox News Digital.
Harris said of the critics, ‘If winning is folding, then I’ll fold every time.’
Indeed, the group does have the ear of the White House.
Former HFC Chair Scott Perry, R-Pa., who gave opening remarks during a portion of the summit exclusively viewed by Fox News Digital, revealed that White House aides attended the group’s recent meeting with conservative senators.
‘Last night, with representatives from the White House, we were asked, ‘What is the plan?’ I’m not exaggerating, this is your Freedom Caucus, the ‘legislative terrorists’ in the room where it happened,’ Perry told the audience.
But the group is expected to see some high-profile departures in the next congressional term: Roy is running for Texas Attorney General, and Reps. Andy Biggs, R-Ariz., and Byron Donalds, R-Fla., are both running for governor, among others.
Roy told Fox News Digital of the turnover, ‘We’ve had a conversation. We have things we want to do to help kind of make sure and ensure the longevity. Right now, we’ve got to make sure the good people are running. We have to make sure we continue to grow the ranks of the Freedom Caucus.’
And newer members have signaled they’re ready to fill the ranks of those left behind.
‘Now that I’ve been here, and it’s my third year, and I get comfortable with this, it gives me a lot more confidence to know what is the right path or what’s the wrong path,’ said Rep. Eric Burlison, R-Mo., whose profile in HFC has risen in his short time in Congress. ‘And I think there’s other members like me that are – as these guys step away, there’s plenty of really talented members to step in their shoes.’