Trump Vows to Reduce Home Prices With ‘Aggressive‘ Housing Plans

WASHINGTON—In a televised address to the nation on Wednesday, President Donald Trump promised to introduce a housing reform to bring down home prices. “I will announce some of the most aggressive housing reform plans in American history,” Trump said. He accused President Joe Biden of driving up inflation, making the American Dream out of reach for many people. “The yearly cost of a typical new mortgage increased by $15,000 under Democrat rule,” Trump said, adding that mortgage costs have come down by $3,000 since he took office in January. The president also said he would announce the new Federal Reserve chairman, who supports lower interest rates. He said mortgage rates will fall further as interest rates decline under the new leadership of the central bank....