Analysis: Trump’s Housing Chief’s Post Moves the Market
According to Jinse Finance, the stock market has experienced significant volatility as Bill Pulte, Director of the U.S. Federal Housing Finance Agency (FHFA), shared his views on a range of topics—from credit score-based pricing and cryptocurrencies as collateral assets, to whether Federal Reserve Chairman Powell can keep his job. His online remarks sometimes begin with cryptic introductions, and last Friday even briefly dragged down the S&P 500 index. “His market influence has suddenly turned a previously little-known government official into the focus of business news,” said Steve Sosnick, Chief Strategist at Interactive Brokers.
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