Trump Proposes 10 Percent Credit Card Rate Cap
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Trump Proposes 10 Percent Credit Card Rate Cap
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**Trump's 10% Credit Card Rate Cap: Relief or Reckoning?**
Fresh from Davos, President Trump has called on Congress to cap credit card interest rates at 10% for one year—a populist play aimed at helping Americans save for homeownership. But America's banking titans aren't buying it. JPMorgan's Jamie Dimon calls it an "economic disaster," while Citi's Jane Fraser warns it could shut everyday Americans out of credit entirely, leaving only the wealthy with access. With the Supreme Court simultaneously weighing Fed independence and crypto bills heating up on Capitol Hill, this showdown highlights the delicate balance between consumer relief and market stability. Could good intentions trigger unintended economic chaos? Find out in this sharp, timely analysis from News Today: Business with your AI host Constance Draft.
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This content was created in partnership and with the help of Artificial Intelligence AI
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