Trump’s Push for Rate Control Amid Global Savings Decline

Bloomberg Economics suggests the ten-year Treasury rate is likely to remain above 4.5%, impacting mortgages and business loans regardless of Federal Reserve leadership. Three decades of declining borrowing costs have ended, leaving the U.S. facing interest payments surpassing the Pentagon's budget. Mortgage rates at 7% are stifling real estate, yet TRUMP believes replacing Fed Chair Powell can "fix everything."

Trump's aggressive stance includes public threats against Powell and lobbying for a loyalist to fill Adriana Kugler's vacant seat. While short-term rate cuts may occur in September, long-term rates continue climbing due to a collapsing global savings pool. Baby Boomers are depleting pensions, and China's reduced U.S. debt purchases—evidenced by dwindling reserves—exacerbate the strain.