Trump and Pulte Urge Fed to Cut Rates as Housing Market Waits
In a coordinated push, Federal Housing Finance Agency (FHFA) Director William Pulte and President Donald Trump are turning up the heat on Federal Reserve Chair Jerome Powell, urging immediate interest rate cuts to boost the housing market.
Pulte, appointed by Trump, took to X to say, “Jay Powell needs to lower interest rates – enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better shape if Chairman Powell does this.”
He doubled down the following day, tweeting that rate cuts are necessary to “reverse the damage Biden’s inflation did on the mortgage market.”
Trump has also been vocal on the issue, labeling Powell “Too Late Jerome” and accusing him of slowing economic growth by keeping rates elevated. In a recent Truth Social post, Trump said, “No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! THE FED must lower the RATE, like Europe and China have done.”
Despite the pressure, the Federal Reserve has not lowered rates since a cut in December 2024, which came after Trump’s re-election but before his second inauguration.
As the housing market continues to feel the pinch of higher borrowing costs, all eyes are on the Fed. With global central banks easing, U.S. homebuyers and mortgage professionals alike are waiting for movement that could reignite housing activity.
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Bottom Line:
With inflation cooling and housing demand squeezed by high rates, the call for rate cuts is getting louder. Whether or not the Fed moves soon could have lasting effects on home affordability and market stability.
👉 Thinking about buying, refinancing, or getting pre-approved before rates shift? Don’t wait for the headlines—let’s talk now and build a game plan for your goals.
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