Rachael Bade: Scott Bessent Feels that Bill Pulte Is Bending Trump’s Ear on Policy Matters that Are in His Territory

EXCERPT:

BADE: “Yeah, it’s a good question, Erin, because if you go just back a couple of months ago to May, President Trump was tweeting that these two men were going to work together to basically privatize Fannie Mae and Freddie Mac, the mortgage giants. And here you have them almost coming to blows. Look, this was, it looks like weeks in the making. And it’s basically a classic D.C. power struggle, a turf war. Bessent, according to people who are close with him, feels that Pulte is sort of using this newfound fame he has right now with Donald Trump because of these investigations, he’s been letting into Trump’s critics to sort of try to bend the ear on policy matters that Bessent feels are in his own territory, and that he shouldn’t be speaking to. Pulte has felt, according to people close with him, that Bessent is trying to bigfoot him when it comes to housing issues, and these two have been at odds on some big matters recently, including this notion of whether President Trump should fire Jerome Powell.”