Reported 26 days ago
Three weeks into his second term, Donald Trump is facing a significant hurdle with rising interest rates, which threatens to undermine his economic agenda of tax cuts and tariffs. Despite Trump's calls for lower rates, the Federal Reserve, led by Jay Powell, remains largely unaffected by political pressures, leading to concerns that persistent high rates could dampen economic growth. As inflation worries rise, market rates on loans, including mortgages, are anticipated to increase further, creating additional obstacles for Trump as he attempts to navigate his policy initiatives.
Source: YAHOO