Powell faces economic crossroads in Jackson Hole speech
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Jerome Powell’s speech at the Federal Reserve’s August summit in Jackson Hole, Wyoming, is always a high-stakes moment. This year, the central bank’s chair takes the podium under fire – facing fierce attacks from US President Donald Trump and a growing insurgency within his own institution.
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Trump unloads on Jerome Powell in latest rant: "People can't get a Mortgage because of him"
President Donald Trump took to social media to once again slam Federal Reserve chair Jerome Powell by blaming him for the US' serious housing problems.
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”.
With Jerome Powell's term as chair expiring in 2026, President Trump is closing in on Fed control after months of animosity.
Trump accused Jerome Powell of harming the housing market and called for key interest rate reductions. His remarks come ahead of the Fed chair's speech at the Jackson Hole symposium.
President Donald Trump once again attacked Jerome Powell, chair of the Federal Reserve, bemoaning Tuesday afternoon that Powell is "hurting the housing industry." Trump took to his Truth Social platform to take aim at Powell,
The price decline has seen large-scale investors with a balance of 10-100 million XRP tokens trim their holdings by about 460 million XRP over the past week. On the contrary, wallets holding 1-10 million XRP (smaller whales) added 130 million more tokens to their collective balance. This shows mixed expectations among large XRP holders.
The political pressure is unrelenting. Beyond his public attacks, Trump’s Treasury Secretary Scott Bessent has promoted the idea of a half-point rate cut in September. Trump himself has demanded rates be slashed to 1 per cent to reduce government debt costs, a level economists view as extreme and inappropriate for the current economy.
July inflation data suggests the FOMC’s dual mandate may not be in as much of a pickle as economists previously feared.
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