Trump Says Fannie Mae to Keep US Guarantee
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The director of the Federal Housing Finance Agency (FHFA) took to social media Monday to tell Federal Reserve Chair Jerome Powell that it’s time to resume the central bank’s interest rate cuts. FHFA Director William Pulte took a page out of President Trump’s playbook in putting political pressure on the Fed to lower rates.
Director William Pulte urged Federal Reserve Chair Jerome Powell to reinstate the central bank's interest rate cuts.
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The Daily Caller on MSN‘Enough Is Enough’: Trump Admin Housing Official Calls On Fed Chair To Slash Interest RatesDirector William Pulte is publicly calling for Federal Reserve Chair Jerome Powell to slash interest rates. Pulte said Tuesday in a post on X that in order to “help reverse the damage [former President Joe] Biden’s inflation did on the mortgage market,
Veronique de Rugy is the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University.
If the Trump administration fails to implement real reform, Main Street taxpayers could once again be conscripted into subsidizing lucrative Wall Street deals.
Don't end the conservatorship of Fannie Mae and Freddie Mac without eliminating the implicit government backing for their mortgages.