The director of the Federal Housing Finance Agency, William Pulte, has called on Federal Reserve Chair Jerome Powell to resign if the central bank does not cut interest rates.

“Because President Trump has crushed inflation, Fed Chairman Jerome Powell needs to lower interest rates today, and if not Chairman Powell needs to resign, immediately,” Pulte said in a post on X.

“Fannie Mae and Freddie Mac can help so many more Americans if Chair Powell will just do his job and lower rates,” he added.

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