Federal Reserve Chair Jerome Powell at a meeting in June. (Al Drago/Bloomberg News) President Trump and his allies have accused Federal Reserve Chair Jerome Powell of dragging his feet on interest-rate cuts, in an unprecedented pressure campaign.

Donald Trump is taking aim at a familiar adversary. The president complained about Jerome Powell in a new post on Tuesday night after weeks of back-and-forth surrounding the Federal Reserve chair. Trump claimed on Truth Social that Powell is “hurting” the housing industry “very badly”.

Unless the Fed and Jerome Powell get their act together, our real estate ecosystem will become one large stagnation. GOOD ECONOMIC DATA IS BAD NEWS FOR TRUMP’S INTEREST RATE PUSH Why It Feels Like Everyone’s Frozen You’d think summer would ...

A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.