Trump Claims Powell 'Hurting' the Housing Industry in Latest Attack on Fed Chair
President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. (Reuters File)
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President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is “hurting” the housing industry “very badly” and said he should cut interest rates.
Trump has repeatedly urged Powell to cut interest rates while also sharply criticizing Powell.
“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,” Trump wrote on Truth Social.
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(Reporting by Kanishka Singh in Washington; Editing by Leslie Adler)
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