Finance Associated Press November 7th (Editor Bian Chun) American real estate tycoon Grant Cardone said on Wednesday that he believes Trump's return to the White House will lead to a substantial rate cut by the Federal Reserve.

Cardone is a self-made billionaire who currently serves as CEO of real estate investment company Cardone Capital, managing a $5 billion real estate investment portfolio.

At the announcement of the election results, Cardone was attending an election night party hosted by Trump at Mar-a-Lago, with celebrities like Musk in attendance.

Cardone stated that Trump will quickly address the housing crisis facing the United States. 'He knows this country has very, very serious real estate issues,' Cardone said in a media interview on Wednesday.

'The only way to alleviate this problem is for (Trump) to exert tremendous pressure on the Federal Reserve to lower rates, I believe he will do so,' Cardone continued to say. 'I believe that in the next 12 months, we will have rate cuts - historic rate cuts.'

Cardone stated that a rate cut can not only revive the stagnant US real estate market but also ease the commercial real estate debt issues facing the United States. He believes that the current close to 7% mortgage rates must be reduced to 4% or lower.

Cardone also predicts that shortly after Trump returns to the White House in January next year, the Democrats will pressure the media to portray images of economic decline in the United States.

"You will see all these headlines making it difficult for him (Trump), but this will actually help him lower interest rates and solve housing and commercial problems," Cardone said. "So I think Trump will be very helpful for real estate. In fact, I think he is the only one who can solve this problem."

As a real estate developer who once called himself the 'King of Debt,' Trump prefers interest rates as low as possible. In his first term, Trump has repeatedly pressured the Fed to increase monetary easing.

This may put Federal Reserve Chairman Powell in a dilemma, as although the Fed has just begun a rate cut cycle, the market generally expects that Trump's economic policies will reignite inflation, thereby hindering the Fed's rate cut progress.

The Fed made a significant 50 basis point cut in September, the first rate cut in over four years. The market widely expects the central bank to further cut rates by 25 basis points at this week's meeting.

David Kelly, the Global Chief Strategist of JPMorgan Asset Management, warned earlier this week that if Trump wins the U.S. election, the Fed may pause its easing cycle as soon as December.

Editor/ping