Behind Trump's War With Powell: A Battering Ram With 3 Million Followers

[dalton99a]

https://www.nytimes.com/2025/07/25/business/trump-powell-bill-pulte.html

https://archive.ph/0mKTL

Behind Trump’s War With Powell: A Battering Ram With 3 Million Followers
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
By Alan Rappeport and Matthew Goldstein
July 25, 2025 Updated 3:11 p.m. ET

At a meeting with House Republicans this month, President Trump waved a draft of a letter firing the Federal Reserve chair, Jerome H. Powell.

The letter, which rattled Washington and global markets, was not written by Mr. Trump or his core economic advisers. Instead, it was drafted by Bill Pulte, the director of the Federal Housing Finance Agency, who has used his perch and his social media prowess to become the Trump administration’s loudest critic of Mr. Powell.

The campaign against Mr. Powell has given Mr. Pulte, an heir of one of America’s largest home building families, a new prominence within the Trump administration that exceeds the usually quiet confines of the agency. A longtime social media maven, Mr. Pulte has deployed his bombastic tone and his credibility from the construction industry to argue that the Fed’s policies are hurting the housing market and that a $2.5 billion renovation of its headquarters is an example of reckless spending by the central bank.

“I believe Jerome Powell is conducting economic warfare against America,” Mr. Pulte wrote on the platform X this month.

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About this asshole Bill Pulte:

https://en.wikipedia.org/wiki/Bill_Pulte
https://en.wikipedia.org/wiki/PulteGroup

[Irish_Dem]

1. Pulte's will personally get much much richer if interest rates go down.

He is heir to the Pulte Homes fortune.
If interest rates go down, many more people will build a home.