US Federal Housing Finance Agency Director Bill Pulte calls for FED chairman Jerome Powell to resign about the non -reduction of interest rates and the issue of $ 2.5 billion in construction renovations.
President Donald Trump published a social social function on Wednesday morning in which he persisted in his public campaign to put pressure on Jerome Powell – chairman of the Board of Directors of the Federal Reserve System – and his colleagues to lower interest rates.
“The housing in our country is lagging because Jerome ‘too late’ refuses to lower the interest rates. Families are injured because the interest rates are too high, and even our country has to pay a higher rate than it should be after.
“Our rate should be three points lower than they are and save our $ 1 trillion a year (like a country). This stubborn man at the Fed just doesn’t get it – never done and will never do. The board should act, but they don’t have the courage to do this!” Trump added.
A look at the unfolding battle between Trump and Powell on FED policy
Federal Reserve-President Jerome Powell testifies to the Senate Committee for Bank, Housing and Urban Affairs on Captiol Hill on 25 June 2025 in Washington, DC (Kent Nishimura/Getty images)
While Trump has beaten the drum for speed reductions and repeatedly Powell insists, so far, his strict requirements have not been observed.
The last time the Federal Open Market Committee decided to lower the target range for the federal fund presentation, was in December, when President Joe Biden at the time was still in office.
Top Trump Official planned to inspect the renovation of $ 2.5 billion from FED in the midst of cost research
Senator Roger Marshall, R-Kan., Discusses why Federal Reserve chairman Jerome Powell has to resign at ‘The Evening Edit’.
Trump Referred to Powell Like a “stubborn mule and a stupid person” during comments last month.
While he tapped Powell for the role of the FED chairman during his first term of office, the president indicated that he is sorry that he took that step.
Powell shares what is needed to leave the Fed, book reveals
Senator Rick Scott, R-FLA., Discusses the CPI report of June and President Donald Trump calls on FED chairman Jerome Powell to lower the interest rates on ‘The Bottom Line’.
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” Too late ‘, and the Fed, the housing market chokes with their high rate, making it difficult for people, especially the young people, to buy a house. He is really one of my worst appointments. Sleepy Joe saw how bad he was and reappointed him – and the Fed Board did nothing to do this ‘Numbskull’, Trump said in A. after About Truth Social last week.
“In many ways, the board is also the fault! The US is Rockin ‘, there is a very low inflation, and we deserve to be 1%, which saves one trillion dollar a year at interest costs. I cannot tell you how stupid is too late – so bad for our country!” he added.
