The Federal Reserve resisted repeated calls by President Trump to cut rates. The Federal Open Market Committee, the central bank’s policy making arm, voted unanimously to maintain the target range for the federal funds rate at 4.25%to 4.5%. In announcing its decision,...
Sen. Elizabeth Warren (D-MA) has taken aim at the Trump administration for failing to question Rocket Companies’ (NYSE: RKT) recent acquisition announcements and for seeking to privatize Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). Reuters reports Warren...
For the fifth time in 10 days, Federal Housing Finance Agency Director Bill Pulte has challenged Federal Reserve Chairman Jerome Powell to enact rate cuts. Earlier today on his X account, Pulte wrote, “Jerome Powell must lower rates, and now. Enough is enough.” Pulte...
President Donald Trump announced that he planned to take Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) public, which would end the federal conservatorship of the government-sponsored enterprises that have been in place since September 2008. In a post on his...
Federal Housing Finance Agency (FHFA) Director Bill Pulte has taken an unprecedented move in openly calling on Federal Reserve Chairman Jerome Powell to lower rates. In a posting on his personal X account – which he now mostly uses for FHFA messaging – Pulte wrote,...