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Trump calls Fed Chair Powell a disaster as mortgage rates stay above 6.5 percent
Economy
Published on 4 May 2026
Rates move even without a Fed meeting
Donald Trump sharply criticized Fed Chair Jerome Powell, calling him a “disaster” as US mortgage rates remain above 6.5% and fluctuate frequently. The pressure comes amid stubborn inflation, global conflict, and signs of economic slowdown, while market expectations can shift even when the Fed isn’t meeting. Home buyers are watching closely, often delaying decisions.
- Trump attacked Fed Chair Jerome Powell over high mortgage rates
- Mortgage rates are holding above 6.5% and changing quickly
- Inflation, conflict, and slowdown pressures keep rates elevated
- Rates can move without a Federal Reserve meeting
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times