Jonathan Ferro

Director Pulte has been busy over the last week.

Some purchases of MBS in focus as well.

Director Pulte, welcome to the program, sir.

You are cited in our story this morning.

Just wanted to give the opportunity to respond to it.

Bill, what was your role in the developments over the weekend?

The DOJ is outside of my purview.

This is out of my purview.

I don't know anything about it.

And I would defer you to the DOJ.

Bill, you haven't been shy of sharing your thoughts on the Federal Reserve before, particularly over the last 12 months.

You thought that the chairman would ultimately resign.

He's standing firm.

Do you think this push against the Federal Reserve is actually leading to unintended consequences and leading this Fed to dig in?

We look forward to seeing what comes of that effort.

Director Pulte, we appreciate your time this morning.

So thank you very much.

The Federal Housing Director, Bill Pulte there, of the Federal Reserve, kind of, but much more on what's going to happen with housing in this country.

We begin this out with investors searching for direction in a pivotal year potentially for the Federal Reserve.

Fed Governor Stephen Myron doubling down on his dovish stance, calling for the central bank to cut interest rates by more than a percentage point in 2026.