Trump Attacks Powell Over Interest Rates: Impact on Housing and Markets

Donald Trump continues to criticize Federal Reserve Chair Jerome Powell for his handling of interest rates, arguing that the high rates are negatively impacting the housing market and hindering American homeownership. In a post on Truth Social, Trump called for aggressive cuts to borrowing costs, alleging that Americans are facing difficulty obtaining mortgages due to these high rates. These attacks come ahead of the Federal Reserve’s upcoming policy meeting in September.