Trump Launches His Own QE: Directs GSEs To Purchase $200 Billion In Mortgage Bonds

First, Trump short-circuited the Fed's rate-cut process. Now he is going after QE by launching his own version of it. In a post on late Thursday post on Truth Social, President Trump said he was directing the purchase of $200 billion in mortgage bonds, which he framed as his latest effort to bring down housing costs ahead of the November midterm election.“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote in his post.He added that his ...