Fannie Mae chief Pulte sends savage one-word message to Fed's Powell
The housing market expert didn't mince words.
There's mounting tension in Washington, D.C. over the Federal Reserve's interest rate policy.
After cutting interest rates by 1% late last year, Fed Chairman Jerome Powell has taken a decidedly different tack in 2025, holding interest rates steady, and frustrating many, including President Donald Trump, who wants rate cuts now.
President Trump has called Powell a "numbskull" for not reducing the Fed Funds Rate, and "Mr. Too-Late" because of the risk that the Fed's hesitancy will put it behind the curve, possibly causing stagflation or worse, a recession.
