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”.

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.

American real estate market struggles with high mortgage rates and stalled sales while other countries enjoy sub-4% rates, creating affordability crisis.

Wall Street held near its records in premarket trading Tuesday as traders digested the latest corporate earnings reports while waiting for fresh cues about interest rates from the Federal Reserve.

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.

Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.