President Donald Trump accused the Federal Reserve under Chair Jerome Powell of "choking out the housing market". Trump, citing higher interest rates, said they are "making it difficult for people, especially the young, to buy a house," calling Powell "truly one of my worst appointments."

"I certainly think there are lessons to be learned there that the administration should be aware of," said Morningstar Wealth's Dominic Pappalardo.

La., says if President Trump fired Federal Reserve Chair Jerome Powell, "it would crash the stock market, and it would crash the bond market, and it would cause interest rates to rise." Trump bashed Powell during a bilateral meeting with the crown prince of Bahrain.