Trump: The Federal Reserve "has been damaged and lost credibility" under Powell's leadership.

President Trump stated that under Powell's leadership, the Federal Reserve has been "damaged and lost credibility." Trump claimed that mortgage rates have hit a three-year low, despite Powell "trying his hardest" to maintain high rates, "this just proves he's been wrong all along, as the market is breaking his stubbornness," Trump wrote on the social media platform Truth Social.