Powell Ordered To Lower Interest Rates
Americans Struggling With High Mortgage Rates May Finally Get Relief—If the Fed Listens
The Director of the Federal Housing Finance Agency (FHFA), William Pulte, is calling for urgent action to help millions of Americans squeezed by sky-high interest rates. On Monday, he issued a direct and public message to Federal Reserve Chairman Jerome Powell: It’s time to cut rates—and stop playing politics.
“It’s time for Jay Powell to bring rates down—this has gone on long enough,” Pulte wrote. “President Trump has already tamed the inflation left behind by Biden, so there’s no excuse for holding back. Cutting rates now would give a much-needed boost to the housing market.”
Trump Administration’s Economic Victories Prompt New Push for Rate Cuts
Under President Trump’s renewed leadership, inflation is finally coming under control—despite the financial chaos left behind by the Biden administration. With prices cooling, many economic experts agree: it’s time to relieve pressure on the housing market, seniors, and working families by lowering borrowing costs.
Even President Trump himself has been clear: the Fed must act swiftly.
“Cut interest rates, Jerome, and stop playing politics,” Trump said in April. “He is always ‘late,’ but he could now change his image, and quickly.”
Fed’s Inaction Hurts Seniors, Veterans, and Fixed-Income Households
Since early 2022, mortgage rates have hovered around 7%, a painful figure for retirees, veterans, and families trying to buy or refinance a home. Today, the 30-year fixed mortgage rate sits at 6.86%, according to Freddie Mac.
Meanwhile, shelter inflation remains stubbornly high at 4% annually—even as overall inflation has dropped to just 2.3%. Despite these encouraging signs, the Fed has kept interest rates frozen between 4.25% and 4.5% since January.
Time for Relief: Rate Cuts Could Revive the Housing Market and Economy
Fed Chairman Jerome Powell has pointed to ongoing trade tensions and economic uncertainty as reasons to pause, but many analysts say those concerns are outdated. With President Trump’s strategic tariffs and pro-America policies restoring stability, now is the time for bold action.
Higher interest rates drive up the cost of borrowing, hurting businesses, families, and especially older Americans who depend on home equity and savings to survive.
Housing prices, new construction, and refinancing efforts have all stalled. Meanwhile, consumers are tightening their belts as monthly payments balloon—an unnecessary burden when inflation has already been tamed.
The Bottom Line: Stop the Pain. Cut the Rates.
President Trump has stabilized the economy. Inflation is down. Americans are ready to move forward. Now the Federal Reserve needs to do its job: cut rates, support the housing market, and stop dragging its feet.
Americans over 50 deserve better. They’ve paid their dues. They’ve weathered Biden’s economic disaster. Now it’s time for real relief.
