Trump's HUD Secretary Scott Turner defended the president's proposal to slash funding for housing amid what he conceded is an affordability crisis.

President Donald Trump cited new inflation data in continuing to pressure Federal Reserve Chair Jerome Powell to lower interest rates, calling him a "numbskull" but adding that he won't seek to remove him.

Presidents typically announce their nominees for Fed chair three to six months before the sitting person’s term expires, quietly navigating Senate confirmation hearings while minimizing market disruption.