US President Trump downplays major reform bill and says housing is 'all about interest rates'; reiterates criticisms against Fed Chair Powell; Trump said he thinks rates will come down after the war, they were headed in that direction
“I’m looking at other things very strongly,” Trump said. “Housing to me is all about interest rates, and we’re driving the interest rates down. Other than we have a very, very dumb head of the Federal Reserve, we’re driving the interest rates down.”
Context
Trump's comments suggest a dovish stance on interest rates, indicating he believes they will decline, especially post-war. His criticism of Fed Chair Powell suggests a potential rift that could impact monetary policy perception and market expectations. This could influence the USD and fixed-income assets as market participants reassess the rate outlook in light of political commentary.
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