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Trump Renews Criticism of Fed Chair Powell, Claims Housing Market is Suffering
U.S. President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, accusing him of damaging the housing sector through high interest rates. In a post on Truth Social, Trump wrote, “Could somebody please inform Jerome ‘Too Late’ Powell that he is hurting the Housing Industry, very badly? People can’t get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut.”
The remarks come just days before Powell’s scheduled speech at the annual Jackson Hole central banking symposium, where investors will be watching closely for signals on future monetary policy. While inflation has eased from pandemic-era highs, it remains above the Fed’s 2% target, and recent data has been mixed.
Market expectations currently point to a quarter-point rate cut at the Fed’s September meeting, with the possibility of another later in the year — far less than the multi-point reductions Trump has urged. The president’s comments also arrive amid concerns that his trade tariffs could either slow economic growth, prompting rate cuts, or fuel inflation, which would typically call for higher rates.
Trump’s latest salvo underscores the ongoing tension between the White House and the central bank over the direction of U.S. monetary policy.
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