New Delhi, Aug. 20 -- US President Donald Trump on Tuesday claimed that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and reiterated his demand to cut key interest rates.

In a post on the Truth Social platform, Trump wrote, "Could somebody please inform Jerome "Too Late" Powell that he is hurting the Housing Industry, very badly? People can't get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut."

Trump's recent criticism of Powell comes before the Fed chair's speech at the upcoming Jackson Hole central banking symposium on Friday. Investors will closely watch his remarks to understand his economic outlook and hints of a future cut in short-term borrowin...