Trump Intensifies Attack on Fed Chair Jerome Powell As He Keeps Interest Rates At 4.5%: GOP, Farmers Back Him
President Donald Trump has reignited his criticism of Federal Reserve Chair Jerome Powell for keeping U.S. interest rates at two-decade highs, blaming the Fed for hurting homebuyers and farmers. Backed by Kansas Senator Roger Marshall, Trump argues that each percentage point in high rates costs the U.S. $365 billion annually. The controversy deepened as two …