Donald Trump is once again turning up the heat on Federal Reserve Chair Jerome Powell, this time calling him “truly one of my worst appointments” and blaming him directly for freezing out young homebuyers with high interest rates.

Fed Governor Christopher Waller, at a New York event, said the US central bank should lower borrowing costs at its July 29-30 policy meeting to preserve the labor market’s stren

The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs.

US Treasuries pared some of their weekly losses on Friday while the dollar fell at the end of a week dominated by debate about the trajectory and leadership of the Federal Reserve.

If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.

Federal Reserve Gov. Christopher Waller on Thursday called for the central bank to cut interest rates at its July meeting, breaking ranks with Chair Jerome Powell and staking out the most forceful case yet for easing policy this summer.

Fed officials will gather July 29-30 in Washington. Waller’s remarks set him apart from most of his fellow policymakers, who have characterized the employment landscape as still solid.