Trump's Crusade: The Long-Term Borrowing Battle

President Donald Trump has turned his attention from short-term interest rates to the pressing issue of long-term borrowing costs. This shift comes as the Federal Reserve, under the leadership of nominee Kevin Warsh, faces challenges in lowering these rates.

The contentious debate over federal policies unfolds ahead of the country's midterm elections, with millions affected by high mortgage rates. Trump's focus on mortgage affordability could be pivotal for voter support.

The complexity of long-term rate adjustments is exacerbated by rising term premiums and inflationary pressures, suggesting an intricate path for Warsh and the Federal Reserve.