Trump vs. Powell: The Housing Industry Clash

Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, claiming his monetary policies are negatively impacting the housing industry. Trump urged Powell to cut interest rates, arguing that there's no inflation and a rate cut is necessary for mortgage accessibility.

Former U.S. President Donald Trump has stepped into the economic arena once again, directing sharp criticism at Federal Reserve Chair Jerome Powell over current interest rate policies. Trump accuses Powell of severely damaging the housing industry by maintaining high rates.

In a social media post on Truth Social, Trump expressed his frustration, labeling Powell as "Too Late" and suggesting that the chair's monetary policies are preventing people from securing mortgages. According to Trump, the economic indicators show no inflation, making a significant rate cut imperative.

The ongoing tension between Trump's economic views and Powell's decisions continues to underline broader debates about the Federal Reserve's impact on the U.S. housing market and overall economy.

(With inputs from agencies.)