William Pulte Chairman Fannie/Freddie Says Fed's Powell May Resign Soon.

[glenn walker]

Interesting the Chairman of Fannie and Freddie Mac says openly that Jerome Powell may soon resign and that he should resign for the good of Finance.

It's Obvious Trump and the Money Center Banks and Wall Street and financiers
want rate cuts and Powell's not budging or delivering.

My guess is Trumps giving him a chance to quit or he's going to be fired soon. We gotta get housing and refinances going soon or we're in trouble.

 

[glenn walker]

Let's get rates down now.

 

[djd09]

Inflation Ticks Up in June, Reaches 2.7 Percent

Energy and shelter were the biggest drivers of last month’s inflation.

... Powell won't cut rates

 

[Tawfik Ahdab]

The economy is walking a tightrope right now.

On one side, the housing market is in the contraction phase of the real estate cycle, which presages a recession, and on the other side, the imminent implementation of tarrifs signals inflation.

They can replace Powell with anyone they want to, but the underlying dilemna will remain the same.

Lowering rates at this time has its very real risks and would be done for political rather than economic reasons, while holding them at this elevated level is stifling a crucial sector of economy.

 

[alebrewer]

Its interesting that the common perception is that a drop in the FF rate elicits a similar move in mortgage rates. Last fall, however, proved this is not always the case.

 

[djd09]

pulte is looking like a bondi....woke jokes

 

[glenn walker]

Powell has to go.

 

[alebrewer]

I'm not sure I believe that inflation is stabilizing - much less retracting.

 

[djd09]

pulte is as useless as USPAP...

 

[Mark K]

My guess is Trumps giving him a chance to quit or he's going to be fired soon. We gotta get housing and refinances going soon or we're in trouble.

Trump can't fire him. He might be sick of the BS from the admin and contemplate resigning but he can't be fired.

IMO, the rates shouldn't be changed. All that will do is exacerbate the current inflation.

Powell is concerned about the economy. Trump is concerned about the politics and wants to control everything. Some things are designed to be out of reach of politicians. This includes the Fed Chairman and Supreme Justices.