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Mike Johnson Warns Trump's Credit Card Plan Isn't 'Thought Through' Enough

Johnson warned that a 10% credit-card interest cap could reduce access to credit and also defended the investigation of Jerome Powell.

Mike Johnson Warns Trump's Credit Card Plan Isn't 'Thought Through' Enough
Image · International Business Times

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Outlet credibilityInternational Business Times60/100 MEDIUM
This article1 analysis · Oct 11, 2026
tl;dr

House Speaker Mike Johnson said President Donald Trump's proposed 10% credit-card interest cap was not sufficiently thought through, warning that lenders might reduce access to credit. Johnson also defended the Trump administration's investigation of Federal Reserve Chair Jerome Powell.

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23 VOTES
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Mike Johnson R · LA-4

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  • Readers of right-leaning coverage: 56% good look
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Mike Johnson
R · LA-4

House Speaker who criticized Trump's proposed credit-card interest cap and defended the Powell investigation

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President who proposed a one-year cap on credit-card interest rates

Trump's version of this story ↗

Former President referenced in Trump's criticism of the prior administration

Federal Reserve chair whose congressional testimony is connected to a criminal inquiry

Part of a bigger story

2 OUTLETS
Mike Johnson Questions Effects of Trump's Credit Card Rate Cap
COVERAGE BY OUTLET LEANTHIS OUTLET
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AVG CRED
57
ALSO ABOUTDonald Trump

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