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President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
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Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth
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When politicians get involved with central-bank decisions, inflation, the dollar and the stock market all become less predictable.
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Why founder and CEO Ankur Jain says he wanted to lead the industry when it comes to affordability.
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"Everything's on the table," an executive at JPMorgan Chase said, as the industry seeks to head off President Trump's effort to cap interest rates.
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US announces start of phase two of Trump's Gaza peace plan BBCTrump: US notified that killing of Iran protesters has ceased, executions won't take place The Times of IsraelU.S. announces launch of second phase of Gaza peace plan The Washington PostUS announces start of second phase of Gaza ceasefire The Guardian
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Trump faces Venezuela war powers vote as Danish official says there's ‘disagreement' over Greenland CNNTrump Live Updates: Denmark and U.S. at Odds Over Greenland, Diplomat Says The New York TimesLive updates: Senate eyes Venezuela war powers resolution; Marco Rubio, JD Vance huddle on Greenland The HillTrump Is Risking a Global Catastrophe The Atlantic
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If the White House erodes the public's trust in the Fed's desire or ability to keep inflation low and stable, all bets are off.
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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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