The White House intelligence leadership changes again after Tulsi Gabbard steps down from the top U.S. national intelligence post last month. Bill Pulte, who leads the Federal Housing Finance Agency, is set to take on the role on an interim basis while keeping his existing housing finance responsibilities.
Highlights
- President Donald Trump appoints Bill Pulte as acting director of national intelligence, replacing Tulsi Gabbard, while Pulte continues leading the Federal Housing Finance Agency.
- Bill Pulte retains his roles as head of Fannie Mae and Freddie Mac, consolidating oversight of U.S. mortgage finance with interim intelligence chief authority.
- Tulsi Gabbard resigns after her husband's cancer diagnosis, adding further turnover in a key U.S. national security position amid ongoing personnel changes.
Interim appointment expands Pulte’s portfolio
As first reported by Financial Times, President Donald Trump appoints U.S. housing finance director Bill Pulte as acting director of national intelligence, replacing Tulsi Gabbard. Trump says in a Truth Social post on Tuesday that Pulte has "deep experience managing the sensitive matters in America" and adds that he will continue serving as director of the Federal Housing Finance Agency during the interim period.Pulte also remains chair of mortgage finance companies Fannie Mae and Freddie Mac, a role he gave himself while serving at the FHFA. The move places a housing finance official in charge of the nation’s intelligence apparatus on a temporary basis while preserving his oversight of key parts of the U.S. mortgage market.
Departure follows Gabbard family health announcement
Gabbard resigns from the intelligence role last month after disclosing that her husband has been diagnosed with an "extremely rare form of bone cancer". She says she is leaving public office to fully support him through the illness.Her tenure has drawn attention because she is a former Democratic Party member and a longtime critic of U.S. intervention in overseas conflicts. The latest appointment keeps the national intelligence post in flux as the administration manages another senior personnel change.
Our previous report on how owner-occupied housing is measured in inflation data examined concerns that rental-equivalence methods in the U.S. and UK can lag real market rents and make inflation look more persistent than it is. We noted that because housing carries a heavy weight in CPI-style gauges, the way these costs are captured can materially influence how policymakers interpret price pressures and set interest-rate policy.
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