Trump vs. Fed Could Raise Loan Costs

A political showdown over the Federal Reserve could hit borrowers hard. Donald Trump’s camp argues the Fed is too powerful, while critics like Elizabeth Warren warn this battle could keep interest rates elevated. That means higher payments for student loans, mortgages, and credit cards. With federal student loan rates now ranging from 6.39% to 8.94% and $1.8 trillion in total balances outstanding, millions of Americans could feel the squeeze.