Fannie, Freddie oversight chief to Powell: Cut rates or resign

Head of agency over Fannie Mae and Freddie Mac calls for Fed Chair Powell to resign

President Trump has been publicly blasting Powell and the Fed for not cutting interest rates even though the unemployment rate remains close to historic lows.

Fannie, Freddie oversight chief to Powell: Cut rates or resign

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…

Fannie, Freddie regulator: Powell should cut rates or quit

Bill Pulte's social media posts saying inflation has fallen far enough added to intensified political pressure on the independent Federal Reserve chairman.