The head of the federal agency responsible for overseeing Fannie Mae and Freddie Mac called Wednesday for Federal Reserve Chair Jerome Powell to resign if the central bank did not cut rates that day. In a Wednesday post on social media, Federal Housing Finance Agency (FHFA) Director William Pulte accused Powell of refusing to do his job by not cutting interest rates at President Trump’s request. Both the Fed and FHFA are independent federal agencies charged with overseeing critically important parts of the U.S. financial system. Congress designed those agencies to be immune from the political pressures exhibited by both...