Trump again attacks Fed chair, says Powell ‘hurting’ the housing industry

WASHINGTON (Reuters) -President Donald Trump said on Tuesday that the Federal Reserve Speaker, Jerome Powell, was “hurting the housing industry” very badly “and reiterated his call to a significant reduction in American interest rates.

“Can someone inform Jerome” after it is too late. “Powell is that he harms the housing industry, very badly? People cannot get a real estate loan because of him.

Inflation is far from the altitudes seen during the epidemic, but some modern data gave a mixed image and inflation continues to track the target range by 2 % of the Federal Reserve.

The latest Trump player against Powell comes before the Federal Reserve Chairman’s speech on Friday at the annual Jackson Hall Central Central symposium, where investors will hold every word for hints about his economic outlook and the possibility of a short -term loan reduction.

The next policy meeting at the Federal Reserve will be held from September 16 to 17.

Investors and economists are betting on the reduction of the Federal Reserve by a quarter of a percentage point next month with another decrease in the similar size to come later in the year, much less than the many percentage points that Trump requested.

Trump’s Treasury Secretary, Scott Bessin, promoted the idea of ​​reducing a half -point rate in September.

The US Central Bank reduced the policy price half a percentage point last September, immediately before the presidential elections, and its frying is half another percentage in two months after Trump’s electoral victory directly, but it settled in a range of 4.25 % -4.50 % throughout this year. The FBI policy makers were concerned that Trump’s tariff could indicate inflation and also felt that the labor market was strong enough to not demand a batch of low borrowing costs.

Mixed enlarged image

The consumer price index increased by 0.2 % in July, with a rate of 12 months to July by 2.7 %, unchanged from June. The Core CPI, which comes out of the ingredients of food and volatile energy, increased by 3.1 % on the basis of annually in July. Partially based on this data, economists estimated that the basic personal consumption expenses index rose 0.3 % in July. It would raise the increase on an annual basis to 3 % in July. PCE is a major scale of the federal reserve against the purpose of inflation by 2 %.

Despite the moderate rise in the total consumer prices in July, the prices of producers and import jumped, which indicates that the high prices of consumers may come as the sellers move to higher costs on families. The inflation image comes amid a picture of a possible cooling in the labor market, with declines in monthly job gains, although the unemployment rate, by 4.2 %, is still low according to historical standards.