He has faced criticism from the White House and their Republican allies in Congress for his lack of interest in cutting rates, as well as a pricey renovation of the Fed’s headquarters. The central bank’s Federal Open Market Committee is set to meet at the end of this month to consider whether or not to cut rates — something they declined to do at their last meeting,

All the data on inflation since Trump returned to office suggest that Jerome Powell is being too cautious in his approach to rate cuts.

Federal Reserve Gov. Christopher Waller on Thursday called for the central bank to cut interest rates in July. Waller said

The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.

The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

On July 29-30, the Federal Open Market Committee will announce its interest rate policy. Read about the rumors that Fed Chair Powell will not likely address.

The Trump Administration is showing no sign that it will lessen its criticism of Federal Reserve chairman Jerome Powell, with Commerce Secretary Howard Lutnick saying that the Fed chairman was torturing the US.