"We've really got to get a good new Federal Reserve chair. I'm very confident that the president will pick somebody great. You know, I think Powell has just totally let it go to his head."
"When I'm there, it's like this little vacuum, and you get caught in it,"
"And I think some of these guys, they go to D.C., and they just, they lose their minds."
Bill Pulte, director of the Federal Housing Finance Agency, strongly criticized Federal Reserve Chair Jerome Powell and called for a new Fed chair. Pulte said Powell had "let it go to his head" and accused him of not looking at data, arguing that inflation is much lower. Pulte warned that elevated mortgage rates are hurting many Americans and contributing to economic anxiety while housing costs rise to multi-decade levels. Pulte described Washington, D.C., policy circles as a narrow bubble that can distort judgment and expressed confidence that the president will appoint a better Fed leader.
Read at Fortune
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