The director of the Federal Housing Finance Agency has become a key ally in President Trump’s fight against Federal Reserve Chairman Jerome H. Powell, using his social media prowess to attack the central bank’s policies and policies. Bill Pulte, who has three million followers on X, has been a vocal critic of Powell’s leadership and has used his platform to argue that the Fed’s actions are hurting the housing market.
Pulte’s campaign against Powell has raised eyebrows in Congress and among housing experts, with some questioning whether he is using his position to further Trump’s economic agenda. The housing agency’s letterhead has been used by Pulte to spread unsubstantiated rumors about Powell and the Fed’s renovation project, which is estimated to be over budget.
Despite criticism from Democrats, including Senator Elizabeth Warren, who accused him of being distracted from his duties as director of the F.H.F.A., Pulte remains a key player in Trump’s economic team. His ties to the real estate industry have also raised concerns about potential conflicts of interest.
Pulte, 37, was confirmed by the Senate last year and has used his position to promote his own interests and agenda. He has been praised by Trump for his efforts against Powell, with the president recently praising Pulte’s “outstanding job.”
Source: https://www.nytimes.com/2025/07/25/business/trump-powell-bill-pulte.html