U.S. Federal Housing Finance Agency Director William Pulte is calling for Federal Reserve System board of governors chair Jerome Powell to resign.
"Because President Trump has crushed inflation, Fed Chairman Jerome Powell needs to lower interest rates today, and if not Chairman Powell needs to resign, immediately. Fannie Mae and Freddie Mac can help so many more Americans if Chair Powell will just do his job and lower rates," Pulte declared Wednesday afternoon in a post on X.
Pulte and President Donald Trump have both been calling for interest rate cuts.
But their calls once again went unheeded this week as a statement issued on Wednesday noted that the Federal Open Market Committee opted "to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent."
