Director of the Federal Housing Finance Agency (FHFA) Bill Pulte said “Jerome Powell must resign” ahead of the director’s visit to the central bank headquarters with President Trump at 4 p.m. Eastern time today.
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Pulte has displayed his disapproval of Powell several times in recent weeks. Earlier this month, he urged a congressional investigation of the Fed Chair over the central bank’s $2.5 billion headquarters renovation in Washington, D.C.
Pulte Calls for Lower Rates
Like Trump, Pulte has called on Powell to lower the federal funds rate. Pulte believes that lower rates will spur home sales by lowering mortgage rates.
“By improperly keeping interest rates high, Jerome Powell is trapping homeowners in low-rate mortgages and choking off existing home sales—directly fueling the housing supply crisis,” said Pulte in an X post last month. The 30-year fixed-rate mortgage currently sits at 6.74%.
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