Head of Fan and Fred wants Powell out

[Dale Floyd]

The head of the federal agency responsible for overseeing Fannie Mae and Freddie Mac called Wednesday for Federal Reserve Chair Jerome Powell to resign if the central bank did not cut rates that day.

In a Wednesday post on social media, Federal Housing Finance Agency (FHFA) Director William Pulte accused Powell of refusing to do his job by not cutting interest rates at President Trump’s request.

Both the Fed and FHFA are independent federal agencies charged with overseeing critically important parts of the U.S. financial system. Congress designed those agencies to be immune from the political pressures exhibited by both Trump and Pulte.

“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 wrote on social platform X, just half an hour before the Fed was expected to announce it would keep rates unchanged

 

[Terrel L. Shields]

Powell underestimated inflation during Biden's term then over-estimates it now? Isn't that a problem? I agree there is no reason not to lower the Fed rate by quarter point. It isn't much but it speaks about a more optimistic view of the economy which for the past 3 years has been far more resilient than everything indicated it would be.

 

[glenn walker]

I think everyone want's him out.

 

[Bobby Bucks]

Audit the Fed. Powell is only the latest criminal in that position, drawing and quartering would send a message to his masters.

 

[Zoe]

These tariffs haven't even had long enough to really show their impact on inflation. Wait til about Christmas and report back.

 

[Bobby Bucks]

Anyone that isn't convinced of the corruption of the federal reserve need only read the Federal Reserve Act. It's like having an enemy parasitic nation within our borders that controls our currency to benefit the central banks.

 

[djd09]

let the gse's squeal like the pigs they are...oink oink oink

 

[Fernando]

The head of the federal agency responsible for overseeing Fannie Mae and Freddie Mac called Wednesday for Federal Reserve Chair Jerome Powell to resign if the central bank did not cut rates that day.

In a Wednesday post on social media, Federal Housing Finance Agency (FHFA) Director William Pulte accused Powell of refusing to do his job by not cutting interest rates at President Trump’s request.

Both the Fed and FHFA are independent federal agencies charged with overseeing critically important parts of the U.S. financial system. Congress designed those agencies to be immune from the political pressures exhibited by both Trump and Pulte.

“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 wrote on social platform X, just half an hour before the Fed was expected to announce it would keep rates unchanged

I thought this was a joke.
World's second most powerful man doesn't give a chit about what they say.
So much whining.

 

[glenn walker]

Fire Him.

 

[Fernando]

Powell laughing down at the whiners. He knows he's safe in his job.