Kevin Hassett pivots to possible ‘Trump cards' amid credit card battle with banks CNBCTrump's affordability pledge strikes directly at the heart of Wall Street's profit engine CNNAnthony Scaramucci thinks Trump's 'hard-left' move to cap credit-card fees is because he's 'texting back and forth with Mayor Mamdani' FortuneDonald Trump's crusade against usury reaches Wall Street The Economist
Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
Wall Street banks' fourth-quarter earnings in five charts ReutersBanks Say U.S. Consumers Remain Resilient Despite Economic Pressures The Wall Street JournalJPMorgan and Citi Aren't Feeling the Affordability Crisis Bloomberg.comBig banks report soaring profits amid tensions with Trump over credit card interest rates The Detroit News
Federal Reserve Board Chair Jerome H. Powell accused the Justice Department of using the investigation to pressure the central bank to lower interest rates.
