President Trump and Federal Housing Finance Agency Director Bill Pulte have renewed their attacks on Federal Reserve Chairman Jerome Powell.
In a posting on Truth Social, Trump wrote, “Mortgage Rates just hit a Three Year Low despite Jerome ‘Too Late’ Powell, and his never ending quest to keep Interest Rates high (against ‘TRUMP!’). It just shows that he has been wrong all along, because the Market is overtaking his obstinance. The Fed has been hurt and discredited during Too Late’s reign!”
Pulte followed up on the president’s lead, posting “Jerome Powell must resign immediately” and then shared data from a company called Truflation that claimed the US inflation rate has dropped to 1.20%. Pulte cited the Truflation figure – which bears no resemblance to the Bureau of Labor Statistics data showing inflation at 2.7% – while stating, “‘Too Late’ Jerome Powell is a disgrace, and after the below, he must resign very quickly.”
The new volley of abuse against Powell follows Wednesday’s oral arguments before the US Supreme Court where Solicitor General John Sauer faced significant skepticism from the justices in his defense of Trump’s effort to fire Fed Gov. Lisa Cook. On Jan. 11, Powell revealed Trump’s Department of Justice has threatened to indict him over claims that he committed perjury in a Senate hearing regarding cost overruns on renovations at the Fed’s headquarters.
Lowering these rates will jump start the economy immediately. It is all political to have an impact on the midterms. Do what it takes to get them down.
When the tribunals are convened, Powell will be dragged to testify along with thousands of Democrats and RINOs. It’s clear that the deep state/Democrat party is actively subverting America and Western Civilization while looting our wealth. The corruption is systemic and worse than anyone knows. The political left is Crime Inc.
You must be some kind of joke. Read the entire Constitution.
Who’s the guy shown standing next to
Pulte in the picture ?😂
Whoever that clown is, it’s a pretty good altered image.
Unfortunately the National Association of Realtors has been AWOL on this Interest Situation along with all the other issues regarding the government zealous attack on Private Property Rights, Rent controls and over regulations on our practice.
A Realtor for over 50 years.
The Trump administration and their little moronic kiss-ass minions like Bill Pulte don’t truly give a S#*! about Americans or the economy. They would rather slash rates while not caring about ramping up inflation, and spending us into oblivion, all for looking popular politically in the short term. We NEED an independent FED and checks and balances on this deeply corrupt administration.