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topicnews · July 15, 2025

Jerome Powell now has more residential problems, including the FED of the Fed

Jerome Powell now has more residential problems, including the FED of the Fed


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The call comes out of the house.

Despite all the conversations about the long challenge of the Fed to tame the madness of the housing market from the Covid era, it is the central bank's own headquarters that draws an intensive test from the White House.

President Trump and administrative officer escalated their public campaign to displace FED chairman Jerome Powell this week and concentrated on what she describes as mismanagement of the Fed's renovation project in Washington, DC

On Monday, one of the Trump allies, Powell, the director of the National Economic Council Kevin Hassett, said to replace in an interview about CNBC: Powell asked a general inspector to check the costs for the renovation work of the Fed. And the Central Bank published a FAQ to explain the costs and decision making behind the overtaking and modernization project, and tried to determine the record and refutation of criticism and misinformation. (The Fed said no VIP dining rooms are being built, there is no VIP elevator, and new water features have been removed.)

But that's just one of the residential problems of the Fed.

On Tuesday, the Bureau of Labor Statistics will publish new inflation numbers in the latest consumer prize index (CPI) for the month of June and offer a wide range of price pressure in the entire US economy.

Living is still one of the most stubborn rising costs that consumers are faced with. And analysts expect protection to play a key role in increasing inflation. When the last month was published, the protection costs were the main factor for the monthly increase of the CPI.

Read more: How the decision of the FED interest rate, loans, credit cards and investments affects your bank accounts

The increase in value of the home price has exceeded profit growth for decades. Since Zillow and Redfin House hunters are painfully aware of, the house values have tripled over the past 25 years. But the crisis -induced low interest rates of the pandemic years charged. Years later, buyers still put the short era of 3% to 4% interest.

More than half of all American adults say that they would not be comfortable this year to buy a house, regardless of what happens to mortgage interest, according to Bankrate's on Monday, the mortgage interest rates published on Monday, in which a continuing blocking effects are highlighted.

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