Trump advisor rips Powell for 'out of control' interest rates as feud over Warsh nomination heats up

Trump advisor rips Powell for 'out of control' interest rates as feud over Warsh nomination heats up

Americans crushed by high mortgage rates and rents are paying the price for a Federal Reserve that allowed rates to spiral "out of control" under Chair Jerome Powell, Trump economic advisor Kevin Hassett said Sunday — amid growing political friction over a Justice Department investigation targeting Powell."The number one affordability problem that Americans have is high mortgage rates, high rents that came about because of the huge increase in i…