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Pulte Accuses Powell of ‘Creating Longer Term Housing Issues’
Pulte Accuses Powell of ‘Creating Longer Term Housing Issues’
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BTCCSquare news:
Federal Housing Finance Agency Director Bill Pulte has intensified his criticism of Federal Reserve Chair Jerome Powell, accusing him of causing long-term damage to the housing industry by maintaining elevated interest rates. "By keeping interest rates high, Jerome Powell is creating longer term housing issues," Pulte stated in a social media post.
The critique centers on how high mortgage rates—linked indirectly to the federal funds rate through long-term Treasury yields—are squeezing affordability for homebuyers. Pulte contends housing costs have doubled since the TRUMP administration, demanding immediate rate cuts to alleviate pressure on the market.
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