Donald Trump Targets Jerome Powell Amid Economic Reform Proposals
Donald Trump proposed capping credit card interest rates at 10% and restricting housing investors while accusing Jerome Powell of corruption.These actions follow new economic data showing annual inflation at 2.7% as the administration pressures the Federal Reserve to lower borrowing costs.Experts warn that targeting the central bank over renovation costs and implementing price caps could reduce credit availability or exacerbate inflation.
Published:7h |Updated:4h