FRONT PAGE / MARKETS / MKT-2026-05-04-F1
MARKETS · rates central banks · 2026-05-04SCOOP 55
Trump slams Fed Chair Powell as 'disaster' with mortgage rates above 6.5% and 10-year yield near 4.5%
Economic Times reported on May 4 that Donald Trump attacked Fed Chair Jerome Powell as a "disaster" over stubbornly high US borrowing costs, with mortgage rates holding above 6.5% and the 10-year Treasury yield nearing 4.
At a glance
- Trump criticized Fed Chair Jerome Powell as a 'disaster' over high rates
- US mortgage rates are above 6.5% and the 10-year Treasury yield is near 4.5%
- Inflation, global conflict and economic slowdown were cited as key drivers
VERDICT — CONFIRMED
Economic Times reported on May 4 that Donald Trump attacked Fed Chair Jerome Powell as a "disaster" over stubbornly high US borrowing costs, with mortgage rates holding above 6.5% and the 10-year Treasury yield nearing 4.5%. The report cited inflation, global conflict and economic slowdown as the key forces keeping rates elevated and volatile even between Federal Reserve meetings. Prospective homebuyers are said to be waiting on the sidelines as rates swing.
Key facts on file
- Trump criticized Fed Chair Jerome Powell as a 'disaster' over high rates
- US mortgage rates are above 6.5% and the 10-year Treasury yield is near 4.5%
- Inflation, global conflict and economic slowdown were cited as key drivers
PRIMARY SOURCE
Economic Times — MarketsSources · two-source rule
PRIMARYEconomic Times — Markets
CITE THIS FILE — The Dossier Wire · mkt-2026-05-04-f1 · filed 2026-05-04 · https://thedwire.com/wire/mkt-2026-05-04-f1-trump-slams-fed-chair-powell-as-disaster-with-mortgage.html · Primary and corroborating sources listed above; archived at publication. Republishing & licensing: hello@thedwire.com.
