President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and repeated his call for a big cut to U.S. interest rates. "Could somebody please inform Jerome "Too Late" Powell that he is hurting the Housing Industry,

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”.

Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.

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.

The TV-style approach could present the White House with an excuse to meet with some current Fed officials who don’t support lowering rates.

The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve's Jackson Hole annual symposium later this week for clues on the path for monetary policy.

Federal Reserve Chair Jerome Powell will speak Friday during an annual economic policy gathering to give his outlook on the economy. It’s a time of high uncertainty with inflation still

The markets expect a rate cut in September and all eyes will be on Fed Chair Jay Powell Friday at Jackson Hole. Click here to read what investors need to know.