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Jul 31, 2019 – Prayer Focus

Jul 31, 2019 – Prayer Focus

Strategic Focus for Wednesday 

WELCOME THE KING OF GLORY INTO THE UNITED STATES OF AMERICA

Prayer and Fasting for the Federal Reserve Board Meetings – Part 4 – Final Determination 

“I will instruct you and teach you in the way you should go; I will guide you with My eye”.

Psalm 32:8

Today, the final determinations of the Federal Reserve Board regarding the federal discount rate will be made. We have been praying for those participating in these meetings, asking God to intervene in their deliberations, guide their decisions, and cause them to decide to do what is best to enable our national economy 

to grow and expand. As we pray and fast throughout the day, the members of our 24/7 family have been invited to unite in fasting until evening, on behalf of our nation’s economy! 

When President Trump was talking with the press on Tuesday morning, before departing for Jamestown, VA, he was asked about the FED. He replied:  The FED moved,  in my opinion,  far too early and far too severely. It puts me at somewhat of a disadvantage, but fortunately, I’ve made the economy is so strong,  nothings going to stop us!  But the FED could’ve made it a lot easier. I would like to see a large cut and I would like to see (immediately) the quantitative tightening stopped…It should be stopped.  For them to have done quantitative tightening and also higher interest-rate simultaneously I think was a big mistake. I also think that had they not done it…(as good as we’ve done… we set a record, as you all know,  in the stock market…we have the all-time high in the history of the stark market)…I think it would’ve been 10,000 points higher and I also think we would’ve been in the 4s for GDP. .  President Obama had zero interest rates; we have normalized interest rates.. and yet we still blew his economy awayI’m very disappointed in the FEDI think they acted too quickly by far and I think I’ve been proven right. People have said I was right. They were wrong; the FED is often wrong.

We pray:

  • For both things the President wants to see happen: a “large cut and quantitative tightening stopped.”  
  • And declare that no economic weapon formed against our President or our nation will prosper, and that God will preserve, protect and defend us, to bring forth His plan and purposes in the end times harvest!   

We have worked hard to gain a better understanding of how the FED works, and most of us, who knew little about it before, are becoming keenly aware of how its decisions dramatically affect our economyThe investment community and the financial media are preoccupied with interest rates (the cost someone pays for the use of someone else’s money) and with good reason.  When the Federal Open Market Committee (FOMC) sets the target for the federal funds rate (the rate at which banks borrow from and lend to each other) it has a ripple effect across the entire US economy, including the stock market. (It usually takes around 12 months for increases or decreases in the interest rates to be felt across the entire economy, but for the stock market,  the response to a change is often immediate.)

  • By hiking / increasing the federal funds rate, the FED basically attempts to shrink the supply of money and discourages purchasing, thus making money more expensive to obtain.
    • Both businesses and consumers cut back on spending, which causes earnings to fall and stock prices to drop, and the market tumbles in anticipation.
  • When it lowers / decreases the federal funds rate, it increases the money supply and encourages spending by making it cheaper to borrow.
    • Both consumers and businesses increase spending and investment, causing stock prices to rise.

We pray:

  • In agreement with our President that the end result of today’s meetings will be that the FED will  lower the discount rate and give the market breathing room, so that it can grow and flourish as God desires! 

We now pray for these FED / FOMC Committee Members meeting in DC. The facilitator will call out each name, and our response will be: “Lord, bless him (or her)!”

  • Jerome H. Powell, Board of Governors, Chairman
  • John C. Williams, New York, Vice Chairman, president of the Federal Reserve Bank of New York
  • Michelle W. Bowman, Board of Governors
  • Lael Brainard, Board of Governors
  • James Bullard, St. Louis Reserve Bank president
  • Richard H. Clarida, Board of Governors
  • Charles L. Evans, Chicago Reserve Bank president
  • Esther L. George, Kansas City Reserve Bank president
  • Randal K. Quarles, Board of Governors
  • Eric Rosengren, Boston Reserve Bank president

We bless those serving as Alternate Members. Respond as the name is called: “Lord, bless him (or her)!”

  • Patrick Harker, Philadelphia Reserve Bank president
  • Robert S. Kaplan, Dallas Reserve Bank president
  • Neel Kashkari, Minneapolis Reserve Bank president
  • Loretta J. Mester, Cleveland Reserve Bank president
  • Michael Strine, First Vice President, New York Reserve Bank

We now pray into the following verses, interceding for them corporately: 

  • as people who have a great need for a righteous relationship with Almighty God
  • as people who have tremendous influence over the economics of the nation

“I will instruct you and teach you in the way you should go; I will guide you with My eye.”

Psalm 32:8

“…submit to God. Resist the devil and he will flee from you.  Draw near to God and He will draw near to you.” 

James 4:7-8

“Therefore humble yourselves under the mighty hand of God, that He may exalt you in due time

casting all your care upon Him, for He cares for you.”

1 Peter 5:6-7

“For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows. But you, O man of God, flee these things and pursue righteousness, godliness, faith, love, patience, gentleness.  Fight the good fight of faith, lay hold on eternal life, to which you were also called and have confessed the good confession in the presence of many witnesses.”

1 Timothy 6:10-12

“Honor the Lord with your possessions, and with the firstfruits of all your increase;

So your barns will be filled with plenty, and your vats will overflow with new wine.”

Proverbs 3;9-10

“As each one has received a gift, minister it to one another, as good stewards of the manifold grace of God.”

1 Peter 4:10

Today, as we close out each hour and fasting for the members of the FED and their decisions affecting about our national economy, we cry out for each of them to encounter the LIVING GOD in an intimate personal way, so they might live for HIM ALONE!  We will now take communion, receiving the elements representing the Precious BODY and BLOOD of our Lord Jesus Chris, here in our Father’s Presence…and empowered by the Spirit of God, we reaffirm our relationship with HIM. We bless our President and our nation and together, we remember…we celebrate…we believe!  

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