President Donald Trump 's actions are having the opposite effect he wants when it comes to rates. On Monday, he moved to fire Federal Reserve Governor Lisa Cook over allegations of mortgage fraud . Tuesday he said he will soon have a " majority " of his own nominees to push for a lower central bank overnight borrowing rate. "People are paying too high an interest rate. That's the only problem with us. We have to get the rates down a little bit," said Trump. The bond market, however, is not reacting with lower rates. The benchmark 10-year and 30-year Treasury yields have actually moved higher this week. The former — used to price everything from credit card debt, mortgages and auto loans — traded near 4.29% on Wednesday, while the 30-year climbed to 4.95% — near the psychologically importan
Attempted Fed takeover pushing up rates that matter most to consumers

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