Second Civil War Breaks Out in Trump's Dysfunctional Administration [View all]
Source: Daily Beast
Updated Jun. 20 2025 7:44AM EDT
Published Jun. 19 2025 8:57PM EDT
The Trump-appointed director of the Federal Housing Finance Agency has ignited an intragovernmental civil war with a series of tweets calling for the resignation of the Federal Reserve chair. Businessman Bill Pulte launched his campaign against Jerome Powell on Wednesday with a tirade calling on Powell to lower interest rates, shortly before it was announced that the Federal Reserve would not be changing interest rates this month.
He wrote, “Because President Trump has crushed inflation, Fed Chairman Jerome Powell needs to lower interest rates today, and if not Chairman Powell needs to resign, immediately. Fannie Mae and Freddie Mac can help so many more Americans if Chair Powell will just do his job and lower rates.”
Over the course of the next day, Pulte posted an additional eight tweets calling on Powell to resign. In one, he used his position as chairman of government-backed mortgage financiers Fannie Mae and Freddie Mac to point the finger at Powell’s failure to lower interest rates that is hurting the housing market. In another, he claimed that Powell had no clue what he could do for the housing market and was “not listening to the people who help lead“ it. As a result, needed to resign.
In response to an article from The Hill about his crusade, Pulte explained his repeated calls for Powell to resign. “He is hurting Americans and hurting the mortgage market, which I am responsible for regulating.” The latest conflict comes as Republicans find themselves embroiled in another civil war over the Trump administration’s handling of the Israel-Iran conflict, with figures like Tucker Carlson and Steve Bannon urging Trump to avoid involving the U.S. in another war in the Middle East.
Read more: https://www.thedailybeast.com/second-civil-war-breaks-out-in-trumps-dysfunctional-administration/
In other words, a manufactured distraction. So childish.
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