Episode Details

Trump’s push for lower interest rates to fuel economic growth and ease mortgage costs is hitting a wall—borrowing costs are rising, not falling, as inflation stubbornly persists and the new Fed chair, Kevin Warsh, signals no imminent rate cuts. With the U.S. government spending more on interest than on defense, and long-term Treasury rates hitting 20-year highs, Republicans face mounting pressure ahead of elections. Despite efforts like directing Freddie Mac and Fannie Mae to buy more loans, mortgage rates haven’t budged. The market, factoring in higher inflation and uncertainty, now expects rates to climb—not fall—on the next Fed meeting, turning the president’s economic promise into a costly reality.

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