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Trump again urges interest rate cuts, says Powell harms the real estate industry.
On August 20, Trump posted on his social platform, once again urging Powell to cut interest rates: "Can someone please inform Jerome 'Too Late' Powell that his actions are greatly damaging the real estate industry? People are unable to obtain mortgages because of him. Currently, all signs point to the absence of Inflation, significantly lower interest rates. 'Too Late' is a disaster!"