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US Chamber of Commerce accused of leading ‘woke corporate America’ as Trump dismantles DEI agenda
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FIRST ON FOX: The U.S. Chamber of Commerce is coming under fire for allegedly becoming «one of the biggest engines driving woke corporate America» amid the Trump administration’s battle to strip diversity, equity and inclusion (DEI) initiatives from the fabric of industry and government, a conservative watchdog alleges.
«Once a voice for small businesses and Main Street, the Chamber now advocates for DEI mandates, (environmental, social and governance) investment schemes, and radical climate policies that punish consumers,» said Will Hild, the executive director of Consumers’ Research, a free-market-oriented nonprofit focused on consumer advocacy.
ESG is an investing framework focused on prioritizing environmental, social and governance investments.
«They have strayed far from their original mission of advocating for free markets in favor of a political agenda,» he continued. «Now, that the Chamber has made itself a leader in pushing woke policies in corporate boardrooms, it should come as no surprise that they are also supporting legislation to cripple litigation finance, one of the few tools consumers have to hold woke corporations accountable for pushing political ideology. Consumers’ Research will continue to call out organizations like the Chamber for pushing a woke agenda.»
WATCH: HIDDEN CAMERA CATCHES RED-STATE UNIVERSITY ADMINS ADMITTING HOW THEY ‘CLEVERLY’ DISGUISED DEI AGENDA
Consumers’ Research published a «Woke Alert» this week accusing the U.S. Chamber of Commerce of being «totally woke, pushing DEI and a left-wing climate agenda.» ( Michael Nagle/Bloomberg via Getty Images)
Hild’s comments come as Consumers’ Research published a «Woke Alert» this week accusing the U.S. Chamber of Commerce of being «totally woke, pushing DEI and a left-wing climate agenda.»
The U.S. Chamber of Commerce is a business association that represents and lobbies for the interests of local and national companies in Washington, D.C., and operates in a nonpartisan manner. The chamber has received praise and criticism from both Republicans and Democrats across the years for its various politically focused initiatives.
Consumers’ Research, as part of its mission to strip «woke» ideology from the fabric of American businesses, publishes «Woke Alerts» sounding the alarm on practices the group views as harmful to consumers or serving «woke politicians.» The latest alert focuses on the Chamber of Commerce’s promotion of DEI initiatives, as well as prioritizing «a radical climate agenda.»
The alert pointed to the U.S. Chamber of Commerce’s website stating that «diversity is America’s strength» in its mission to remove DEI initiatives, which conservatives argue promotes group-based preferences and ideological conformity over individual merit, free speech and equal treatment.
«Diversity is America’s strength, spurring the innovation and creativity that have made the U.S. economy the most vibrant and dynamic in history,» the Chamber’s website declares. «When businesses recognize and embrace different perspectives, they are better able to create value, serve customers, support employees, and solve problems. By providing opportunities for everyone, businesses help lift communities and strengthen the health, prosperity, and competitiveness of our nation and our society.»
The Chamber’s push on DEI came as such race-based workplace initiatives were promoted from the highest echelons of industry down to grade school classrooms in the 2020 era, especially after the police-involved killing of George Floyd in Minneapolis, when «defund the police» and Black Lives Matter dominated the news cycle with protests and riots.
UNIVERSITY DROPS JOB POSTING AFTER DEI REQUIREMENT EXPOSED, PROFESSOR SAYS ‘I WOULD NOT BE HIRED’ TODAY
The U.S. Chamber of Commerce was among the flood of industries that heightened their promotion DEI policies, including the Chamber reporting in a 2021 video that Floyd’s death helped spark its launch of the «Equality of Opportunity Initiative.»
Fox News Digital reviewed archived links to the Chamber of Commerce’s «Equality of Opportunity Initiative» and found that it focused on efforts to «develop real, sustainable solutions to help close race-based opportunity gaps in six key areas: education, employment, entrepreneurship, criminal justice, health, and wealth.»
Holiday shopping scene. (iStock)
The link to the former website page redirects users to the chamber’s website homepage, with archived links showing the race-based URL was still active in January. The chamber launched the effort in June 2020, just days after Floyd’s death.
«This work is a priority for the chamber and our members because as we all know its not just a moral imperative, it’s an economic imperative,» U.S. Chamber President Suzanne Clark said in 2021 during the 2nd Annual National Summit on Equality of Opportunity of DEI practices.
Consumers’ Research also flagged the chamber’s 2022 impact report, which said it helped deliver $8.1 million in race-based grants to 1,414 Black-owned small businesses across 42 states. The alert also noted that the chamber has promoted reading materials such as a 2021 guide on DEI, and publicly supported the «Equality Act» in 2021 — legislation Consumers’ Research described as «radical» and claimed would «enshrine in federal law a right for males to participate in women’s sports and lead to the punishment of small business owners based on their religious beliefs.»
When asked about the Woke Alert, the U.S. Chamber of Commerce took issue with Hild arguing that the business group is «supporting legislation to cripple litigation finance,» which Hild said «is one of the few tools consumers have to hold woke corporations accountable for pushing political ideology.»
«It is sad this organization has become a mouthpiece for trial lawyers whose tactics have imposed a stealth tax on American families who are paying up to $4,200 extra a year for insurance, food, clothing and other items as a result of sham lawsuits that only line the pockets of trial lawyers,» Stephen Waguespack, the president of the U.S. Chamber of Commerce Institute for Legal Reform, said. «These lawyers, who donate overwhelmingly to progressive causes and candidates, and those who align with them, are undermining President Trump’s efforts to lower costs for American families.»
The U.S. Chamber of Commerce supports a Republican-introduced bill, the Litigation Transparency Act of 2025, which aims to ensure greater transparency in litigation by requiring parties receiving payment in lawsuits to disclose their identities.
Consumers’ Research has used litigation finance in recent years to push back against «woke capitalism» to counter ESG and DEI policies, Fox News Digital previously reported, with Hild saying that he views the legislation as an «attack» on one of the «few tools Americans have to hold powerful, woke corporations accountable.»
The new criticisms land as President Donald Trump’s return to the Oval Office in January marked an end to DEI initiatives at the federal level and set off a sweeping effect on private industries as well.
Consumers’ Research published a «Woke Alert» this week accusing the U.S. Chamber of Commerce of being «totally woke, pushing DEI and a left-wing climate agenda.» (iStock )
REPUBLICANS MOVE TO CUT DEI FROM FEDERAL CONTRACTS AS DUFFY CRIES FOUL ON EQUITY IN KEY BRIDGE REBUILD
Trump has moved to systematically unwind DEI programs across the federal government, signing a pair of executive orders in January that direct agencies to identify and shut down DEI offices, terminate equity-focused grants and contracts, and scrap long-standing affirmative action-style requirements for federal contractors in favor of what the White House calls «colorblind» merit based rules.
While Consumers’ Research is now attacking the chamber from the right, the organization has previously faced scrutiny from Democrats as well. Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Sheldon Whitehouse, D-R.I., led the charge in a 2019 letter demanding the group «accept that human-caused climate change is real and warrants immediate action,» claiming the chamber «marshaled considerable lobbying resources on behalf» of companies working to «oppose congressional, executive, and judicial actions that would meaningfully address climate change,» according to the letter.
President Donald Trump has moved to systematically unwind DEI programs across the federal government. (Evan Vucci/The Associated Press)
The Chamber has been lauded by other prominent U.S. leaders, such as former President Barack Obama in 2011, when he thanked the group for pushing Congress on infrastructure investments. He said during an address focused on resetting relations with corporate America following the recession that had rocked the U.S. that the White House and the Chamber «must work together» on the economy.
WATCH: DEI STILL IN PLACE AS COLLEGE ‘FINDING WAYS’ AROUND BAN, OFFICIAL ADMITS: ‘PROUD OF THE FIGHT’
Consumers’ Research also knocked the U.S. Chamber of Commerce over its climate agenda. (Spencer Platt/Getty Images)
Consumers’ Research also knocked the U.S. Chamber of Commerce over its climate agenda, saying the group has paired its DEI push with aggressive environmental goals. A 2023 blog post on the chamber’s website titled «Fostering a Sustainable and Inclusive Energy Future» promoted prioritizing and working with «diverse suppliers» to strengthen businesses.
The U.S. Chamber of Commerce also attended the United Nations Climate Change Conference earlier in 2025, which the Trump administration effectively boycotted by not sending a delegation to the annual conference. Instead, Democratic California Gov. Gavin Newsom attended the event in the federal government’s absence, where he took shots at Trump for his environmental policies.
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«Our climate is changing and humans are contributing to these changes. Inaction is simply not an option,» the U.S. Chamber of Commerce’s website. «Combating climate change will require citizens, government, and business to work together. American businesses play a vital role in creating innovative solutions to protect our planet.»
Fox News Digital’s Andrew Mark Miller contributed to this report.
woke,donald trump,dei,white house
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Sin la OTAN y con críticas internas, Trump analiza opciones para reabrir el estrecho de Ormuz y terminar la guerra de Irán
Donald Trump comienza a percibir el riesgo de un empantanamiento en la guerra en Medio Oriente.
Sin el respaldo de la OTAN y con un ruido interno difícil de esconder después de la renuncia y las explosivas declaraciones del director del Centro Nacional de Contraterrorismo Joseph Kent, el presidente estadounidense ve cómo se le cierran las opciones para reabrir el estrecho de Ormuz y declarar el fin del conflicto.
Leé también: Israel lanzó una operación terrestre “limitada” en el sur del Líbano para eliminar las amenazas de Hezbollah
Kent dejó al descubierto el descontento que se expande no solo en el gobierno, sino también en las filas republicanas y en especial en el movimiento MAGA (“Make America Great Again”) que apoyó a Trump por sus promesas de alejar a Estados Unidos de cualquier conflicto internacional y su lema “America first” (”Estados Unidos primero»).
“Irán no representaba una amenaza inminente contra nuestra nación, y está claro que iniciamos esta guerra a causa de la presión de Israel y su poderoso lobby estadounidense”, escribió Kent en X.
Fue una bomba interna que hizo mucho ruido en la Casa Blanca.
La respuesta fue la esperada. Trump calificó de “débil” a Kent y afirmó: “No lo conocía bien, pensé que parecía un tipo bastante agradable, pero cuando leí su declaración, me di cuenta de que es algo bueno que se haya ido, porque dijo que Irán no era una amenaza. Irán era una amenaza”.
También apuntó contra sus socios de la OTAN, la alianza atlántica que soportó su presión y dejó en claro que no participará en maniobras para reabrir el estrecho de Ormuz, virtualmente cerrado por Irán y por donde pasa el 20% del crudo y el gas licuado natural del mundo.
“Creo que la OTAN está cometiendo un error realmente estúpido”, afirmó. “Ante el hecho de que hemos tenido tanto éxito militar, ya no ‘necesitamos’ ni deseamos la ayuda de los países de la OTAN: ¡NUNCA LA NECESITAMOS! ¡NO NECESITAMOS LA AYUDA DE NADIE!”, apuntó.
Cuáles son los caminos que tienen Trump para reabrir el estrecho de Ormuz
Trump sabe que no puede declarar el fin de la guerra más allá de sus rotundos éxitos militares desde el aire. Si Irán, acorralado y debilitado, no libera el estrecho de Ormuz, el mundo corre el riesgo de caer en una crisis energética y comercial de consecuencias profundas.
El analista Mehran Kamrava, profesor de ciencias políticas de la Universidad de Georgetown de Qatar, dijo a TN que “las opciones de Trump para mantener abierto el Estrecho de Ormuz son limitadas”.
Un barco turco logró pasar por el estrecho de Ormuz tras lograr el permiso de las autoridades iraníes, que lo mantienen bloqueado. (Foto: EFE – Tasnim News)
“Cerrar el estrecho es relativamente fácil. Sin embargo, dada su estrechez, es fácil hostigar o incluso atacar a los barcos que lo atraviesan. Mantenerlo abierto es mucho más difícil. Las opciones de Trump son escasas, y tampoco son muy favorables desde su perspectiva”, afirmó.
Al respecto, señaló: “Puede intentar desembarcar tropas en alguna de las islas iraníes del Golfo Pérsico, como Kharg, Qeshm, Kish o alguna de las islas menores. Estados Unidos también podría intentar seguir debilitando a la armada iraní lo máximo posible. Aparte de estas dos opciones, no parece que Estados Unidos tenga muchas alternativas“, alertó.
El tiempo pasa en un año electoral y la campaña se acerca peligrosamente para los republicanos. Las elecciones de medio tiempo están pautadas para el 3 de noviembre y ningún candidato oficialista quiere lidiar con una guerra.
Lo que parecía un conficto breve se extiende en forma peligrosa. Irán, con la simple estrategia de crear caos bombardeando a países del Golfo y cerrando el estrecho de Ormuz, mantiene abierta una guerra de difícil resolución.
Leé también: La “batalla del agua” en Medio Oriente: monarquías del Golfo temen ataques iraníes a plantas desalinizadoras
“Algunos de los aliados (de Trump) creen que el presidente ya no controla cómo ni cuándo termina la guerra. Temen que los ataques de Irán contra petroleros en el estrecho de Ormuz estén acorralando a Trump en una situación en la que intensificar el conflicto – e incluso, potencialmente, enviar tropas estadounidenses- se convierta en la única manera de proclamar una victoria creíble”, escribió el medio estadounidense Político.
Una fuente cercana a la Casa Blanca, citada por el sitio, definió: “Claramente les dimos una paliza a Irán en el campo de batalla, pero, en gran medida, ahora ellos tienen la sartén por el mango”.
“Ellos deciden cuánto tiempo estaremos involucrados y deciden si enviamos tropas sobre el terreno. Y no me parece que haya forma de evitarlo si queremos salvar las apariencias”, afirmó.
Analistas estadounidenses creen que la única manera de garantizar la apertura del estrecho es a través del despliegue de tropas en franjas de territorio iraní. Es un escenario de pesadilla para los republicanos en campaña. Temen que la guerra se convierta en un conflicto interminable en Medio Oriente que tanto criticó el presidente en el pasado.
Jack Posobiec, aliado de Trump, dijo que a Washington le quedan opciones antes de lanzar una invasión: puede detener petroleros iraníes, lanzar ciberataques y poner en la mira a activos financieros iraníes.
“Esto también aumenta el nivel de escalada, pero no necesariamente requiere tropas sobre el terreno”, dijo citado por Político.
Pero Trump tiene que lidiar también con cuestiones internas. La renuncia de Kent causó ruido en el gobierno. Un funcionario anónimo citado por The Washington Post expresó su admiración por Kent y su desánimo por el curso de la guerra: “Todo el mundo está harto de esta mierda”, dijo.
Más allá de sus declaraciones grandilocuentes, a Trump le pasan los días y el conflicto sigue sin solución a la vista. La guerra puede convertirse en una pesada ancla para el presidente en un año electoral en el que se definirá cómo será el segundo tramo de su mandato.
Donald Trump, Israel, Irán
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Iran regime hides in bunkers as civilians left exposed without adequate bomb shelters or sirens
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FIRST ON FOX: While officials of the U.S.-designated terrorist movement Iran’s Islamic Revolutionary Guard Corps (IRGC) cower in underground bunkers amid joint U.S.-Israeli military strikes, ordinary Iranians are lambasting the clerical regime for failing to build enough bomb shelters and provide early warning siren systems.
Iranians sent text messages to Fox News Digital about their efforts to secure knowledge about the progress of the joint U.S.-Israel aerial warfare campaign against Islamic Republic military sites and share the theocratic state’s contempt for the civilian population.
«In a country that has spent 47 years boasting about its military strength to the world, there are no warning sirens, let alone shelters. They themselves hear the sound of airplanes and drones realize the [enemy airplanes] have come into the sky. They do not even have radar,» wrote Noori from the capital city, Tehran.
HEGSETH ANNOUNCES PENTAGON PROBE INTO DEADLY STRIKE ON IRANIAN SCHOOL
People walk past a portrait of the late Iranian Supreme Leader Ayatollah Ali Khamenei in a corridor of a subway station in Tehran on Friday, March 13, 2026. The subways have been used as makeshift bomb shelters for Iranians. (Vahid Salemi/ AP Photo)
To compensate for the lack of bomb shelters and safe rooms in residential housing, Noori said that Iranian authorities designated 82 metro stations and 300 parking garages in Tehran as shelters for the people.
«This is what they call shelter. Bear in mind that first, there are no bathrooms in the Metro stations, and also, during the 12-day war, when people tried to go there, they were locked.»
Noori said «The families who live in the residential compounds of the IRGC and the army are now living in the metro stations out of fear.»
Noori and the other Iranians who communicated with Fox News Digital are using their first names because of the risk of retaliation from the regime’s brutal security forces.
Faraz, who is from Tehran, said, «We are now in a situation where we have no shelters, and we fear for our lives. If we were at war with someone who would attack residential buildings, so many of the regular citizens would have died. We do not even have warning sirens.»
Lisa Daftari, an Iran expert, told Fox News Digital, «What we’re seeing on the ground in Tehran is a city operating without any formal civil defense infrastructure. Families with children or elderly relatives have largely evacuated to the countryside or the Caspian coast. Those who remain are sheltering in place — moving away from windows when they hear explosions, retreating to underground parking structures in apartment buildings.»
Daftari, the editor-in-chief of The Foreign Desk, added, «There are no bomb shelters. There are no warning sirens. The Iranian people have been given no formal system to protect themselves. What you are seeing on your screens — crowds in the streets — are not spontaneous shows of support. Those are Basij militia on megaphones, ordering people out of their homes, so the regime can manufacture images of a loyal population.»
The Islamic Republic of Iran’s placement of military installations in highly packed civilian areas is endangering the country’s population, according to legal experts.
WHY GULF STATES AREN’T JOINING THE WAR AGAINST IRAN — DESPITE ATTACKS ON THEIR SOIL
This picture obtained from Iran’s ISNA news agency shows the site of a strike on a girls’ school in Minab, in Iran’s southern Hormozgan province, on Feb. 28, 2026. (Ali Najafi/ISNA/AFP via Getty Images)
The Pentagon is currently investigating a military air strike that reportedly hit an Iranian school for girls in the town of Minab on February 28 — the start of the U.S. Operation Epic Fury against Iran’s regime. The air strike reportedly killed 175 people, most of whom were children, at the Shajarah Tayyebeh elementary school, according to Iran’s regime. The school was located on the same street as buildings used by the IRGC.
Avi Bell, a professor at the University of San Diego Law School and Bar Ilan University’s Faculty of Law, told Fox News Digital «It’s highly unlikely that heavily populated civilian areas are used as drone attack sites or missile launch sites for any reason other than human shielding. On military grounds, it would make far more sense for the launch sites not to be near civilian areas.»
TRANSACTIONAL PARTNERS: HOW 200-YEAR DISTRUST SHAPES RUSSIA’S RESPONSE TO THE IRAN CONFLICT
Noori was critical of the regime: «They boast to the whole world, but they shut down water, electricity, air and the internet for their own people. Whatever money they received from Biden and Obama and from selling oil, they spent on missiles, drones, Hamas, Hezbollah and building weapons.»
Manouchehr, who is also from Tehran, wrote: «I am messaging you under very difficult conditions, with an extremely weak internet. I had to pay a very high price for a VPN just to send you this message. The security situation is not good at all. These clerics have spent our money for years on missiles and drones, and on funding Hamas and Hezbollah. They have not even built a single shelter for us, yet for 47 years, they have been threatening the world.»
The VPN allows a few Iranians to circumvent Iran’s near total communications shutdown. According to Netblocks on Monday, «The internet blackout in Iran is entering its 17th day after 384 hours. Over the last day, a decline has been tracked in reserved telecoms network infrastructure, further reducing VPN availability and sending some whitelisted users and NIN services offline.»
Policemen stand guard beside banners showing portraits of the late Iranian Supreme Leader Ayatollah Ali Khamenei at Enqelab-e-Eslami, or Islamic Revolution Square, in downtown Tehran, Iran, on March 14, 2026. (Vahid Salemi/AP)
Manouchehr added, «We are grateful to President Trump for not bombing residential areas. I ask you to please tell them [the U.S. Government] not to declare a ceasefire. Otherwise, these hyenas will not leave any of the Iranian people alive, and they will take revenge for Israel’s and America’s attacks by targeting the Iranian people.»
Iranians have noted that after the eight-year war between Iraq and Iran (1980–1988) when Iraqi missiles were launched into the civilian sector in Iran, the Ayatollahs could have built a bomb shelter system.
Lawdan Bazargan, an Iranian-American activist and human rights expert on the situation in Iran, told Fox News Digital, «The Islamic regime of Iran shows no value for human life and treats the Iranian people not as citizens, but as a conquered population and slaves. It has spent decades building tunnels for missiles and drones, yet it has left 90 million people without sirens, shelters, or any system to warn civilians of danger. At the same time, the internet is largely shut down, and phone lines are restricted, leaving people unable to receive news or even contact their families.»
US WARNS IRAQ MUST ACT AGAINST IRAN-BACKED MILITIA ATTACKS ON AMERICAN ASSETS
Iranian women collecting money for the war effort outside an air raid shelter in Tehran, during the Iran-Iraq War, 11th May 1988. (Kaveh Kazemi/Getty Images)
She continued, «What makes this even more shocking is that during the Iran–Iraq war in the 1980s, when I lived in Iran, there were at least warning sirens. People had a few minutes to move away from windows or find some protection. Today, even that basic level of safety no longer exists.»
Iran’s regime imprisoned Bazargan in its infamous Evin prison in Tehran for her political dissident activities during the 1980s.
The U.S. Central Command (CENTCOM) announced on March 8 that it issued a «safety warning to civilians in Iran… as Iran’s terrorist regime blatantly disregards the safety of innocent people.»
A group of men inspect the ruins of a police station struck amid the U.S.–Israeli military campaign in Tehran, Iran, on Tuesday, March 3, 2026. (Vahid Salemi/AP)
According to the CENTCOM statement, «The Iranian regime is using heavily populated civilian areas to conduct military operations, including launching one-way attack drones and ballistic missiles. This dangerous decision risks the lives of all civilians in Iran since locations used for military purposes lose protected status and could become legitimate military targets under international law. Iranian forces are using crowded areas surrounded by civilians in cities such as Dezful, Esfahan and Shiraz to launch attack drones and ballistic missiles.»
Hossein, who lives in Tehran, said, «Landline phones are also under very strict security control. There are absolutely no warning systems or alerts, and if any danger occurs, people have nowhere to take shelter because, overall, the lives of the Iranian people have no value for this government.»
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Ahmadreza Radan, commander of Iran’s police, said over 80 people had been arrested for spreading «disturbing content» online and officers are «ready to pull the trigger» if protests occur.
A spokesman for Iran’s U.N. mission refused to provide a comment for this article.
war with iran,israel,conflicts,terrorism
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President Donald Trump was already eager for a Federal Reserve rate cut. If there were ever a moment for him to want one even more, it would be Wednesday — but his war with Iran may have blown it, driving up oil prices and reviving the inflation fears that make cuts harder to justify.
Few things shape what Americans can afford more than the Federal Reserve, even if most people rarely pay attention to it. The central bank doesn’t set the price of groceries or cars, but it does help determine how expensive it is to borrow money — and right now, high rates are keeping mortgage payments, car loans and credit-card bills painfully high.
When the Fed’s two-day meeting wraps up Wednesday, policymakers are widely expected to leave rates unchanged.
Now, the Iran war is complicating not just this week’s decision, but the path ahead if the conflict drags on and keeps oil prices elevated.
TRUMP VS THE FEDERAL RESERVE: HOW THE CLASH REACHED UNCHARTED TERRITORY
U.S. Federal Reserve Chair Jerome Powell is widely expected to announce that the central bank will hold rates steady this week. (Roberto Schmidt/AFP/Getty Images)
Tit-for-tat strikes in Iran and across the Middle East have helped push crude above $100 a barrel for the first time since 2022, rattling global markets and renewing concerns about tighter energy supplies.
That pressure is starting to hit consumers. As oil climbs, gasoline and diesel prices are rising quickly — especially diesel, which often moves faster because of its close ties to freight and industrial demand.
THE UNLIKELY TOOL TRUMP IS EYEING TO TACKLE RISING OIL PRICES AMID THE IRAN CONFLICT
As of March 17, AAA put the national average for regular gasoline at $3.79 a gallon, up 88 cents from a month earlier, while diesel climbed to $5.04, up $1.39 over the same period.
Jet fuel is getting more expensive, too.
For airlines, fuel is one of the biggest operating costs, so sustained increases could squeeze margins, push up ticket prices and add fresh strain to a travel season already complicated by the DHS shutdown.
OIL, GAS PRICES JUMP AS TRUMP FLIRTS WITH STRIKING IRANIAN OIL INFRASTRUCTURE
The pressure is showing up in housing, too.
Mortgage rates have crept higher since the start of the Iran war. The benchmark 30-year fixed rate dipped below 6% in late February, its lowest level since September 2022, before rising higher to 6.26% as of March 16, according to data compiled by the Mortgage Bankers Association.
At the same time, the Fed is grappling with a labor market that is starting to crack. Employers shed 92,000 jobs in February, defying expectations for job growth and muddying the outlook for policymakers.
That combination of stubborn inflation and a weakening labor market has only intensified pressure from Trump, whose promise to lower costs for Americans was a centerpiece of his campaign.
For months, he has pressed Federal Reserve Chairman Jerome Powell to lower interest rates, arguing that cheaper borrowing would spur growth and offer relief to American households. Fed officials, however, have signaled they want clearer evidence that inflation is cooling before cutting.
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President Donald Trump nominated Kevin Warsh to succeed Powell at the Federal Reserve. (Saul Loeb/AFP/Getty Images)
On Thursday, Trump pressed Powell to cut interest rates «immediately,» as fallout from the conflict involving Iran fuels an energy-price spike.
«Where is the Federal Reserve Chairman, Jerome «Too Late» Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting,» Trump wrote in a Truth Social post using a mocking nickname for Powell.
For Trump, the timing is brutal.
He campaigned on lowering costs for Americans, but the conflict involving Iran is threatening to do the opposite — driving up energy prices, complicating the Fed’s path and putting fresh pressure on one of his core economic promises.
federal reserve,war with iran,donald trump,economy
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