Former President Donald Trump on Aug. 19 renewed his attacks on Federal Reserve Chair Jerome Powell, arguing that the central bank’s interest-rate settings are "hurting the housing industry very badly." In a post on his Truth Social platform, Trump said there is "no inflation" and claimed that "every sign is pointing to a major rate cut," characterizing Powell as "Too Late." Trump noted that current rates are less than a quarter of their 1981 peak yet maintained they remain too high for prospective homebuyers, whom he said "can’t get a mortgage". The comments add political pressure on the Fed as it weighs future policy moves and underscore housing affordability concerns that have intensified as borrowing costs climbed over the past two years.