Bill Pulte, director of the Federal Housing Finance Agency, told Newsmax on Thursday he has a simple message for Federal Reserve Chair Jerome Powell after the agency’s board declined to lower interest rates this week: Resign.
The Fed on Wednesday held its benchmark interest rate steady at 4.25% to 4.5%, keeping borrowing rates elevated for Americans for the fourth straight time. The last time it cut rates was in December, by a quarter of a percent. President Donald Trump responded later that day in a post on Truth Social calling Powell “a real dummy, who’s costing America $Billions!”
“Look, this guy, we had to deal with him all throughout COVID, as you know,” Pulte told “Rob Schmitt Tonight.” “And we had mortgage rates skyrocket. We had inflation skyrocket over the last four years. It’s time for Jerome Powell to go. I think President Trump has been a little bit nice to this guy.
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