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  • 5 months ago
U.S. President Donald Trump accused Federal Reserve chair Jerome Powell of hurting the housing market with high rates, renewing demands for sharp cuts.

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00:00U.S. President Donald Trump is accusing Federal Reserve Chair Jerome Powell of crippling the housing market,
00:06and he's stepping up calls for a sharp interest rate cut.
00:09Trump says many Americans are struggling to get mortgages under current conditions.
00:15He also argues there's little inflation pressure, pointing to economic indicators that, in his view, justify a big rate reduction.
00:25Inflation remains below the peak seen during the pandemic, but recent data present a mixed picture,
00:30with levels still above the Fed's 2% target.
00:34The Federal Reserve will meet next on September 16 and 17.
00:38Markets expects a modest 0.25% point cut, with the possibility of another later this year,
00:45far less than the multi-point reductions Trump is demanding.
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