The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.

Trump’s attacks on Powell and the Fed more generally are damaging, say experts, because investors expect the Fed to operate independently of political interference. The Fed should be setting monetary policy based on the needs of the economy, not on what’s politically expedient for those in power now.

P resident Donald Trump accused the Federal Reserve under Chairman Jerome Powell of "choking out the housing market" in his latest attack on the central bank's decision-making.