US housing finance chief tells Powell to lower interest rates

May 27, 2025 - 23:00
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US housing finance chief tells Powell to lower interest rates
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. “Jay…