Fannie, Freddie overseer wages online war against Fed chief
The overseer of Fannie Mae and Freddie Mac is waging an online battle to force out Federal Reserve Chair Jerome Powell.
Over the span of 24 hours, Federal Housing Finance Agency (FHFA) Director Bill Pulte has written or shared more than a dozen posts on social media calling for Powell's resignation and sharing the rationale for doing so, throwing his politically independent agency into a partisan battle.
"I am calling for Federal Reserve Chairman, Jay Powell, to resign," Pulte wrote in a Thursday post on social platform X, which he pinned to the top of his profile.
The campaign against Powell began shortly before the Fed announced Wednesday, as was widely expected, it would keep interest rates unchanged for another month. President Trump has raged against Powell and the Fed for not cutting interest rates by levels only seen during economic crises, even though the unemployment rate remains close to historic........
© The Hill
