U.S. Department of Housing and Urban Development Chief: "Powell Will Make the Right Decision Next Week... Expecting a Rate Cut"
Suehyeon Lee
Summary
- Pulte, Chief of the U.S. Department of Housing and Urban Development, expressed anticipation for a rate cut.
- Chief Pulte stated that Chair Jerome Powell will make the right decision at next week’s FOMC.
- President Trump also concurred with Powell’s outlook for a rate cut.
Pulte, the Chief of the U.S. Department of Housing and Urban Development (FHA), has expressed optimism regarding a rate cut.
According to Watchguru on the 26th (local time), Pulte said, "I am optimistic that Chairman Jerome Powell will make the right decision as early as next week."
This comment was made ahead of the Federal Open Market Committee (FOMC) interest rate decision scheduled for next week. Meanwhile, former U.S. President Donald Trump also said the previous day, "I believe Powell will lower rates."
Suehyeon Lee
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