Director of the Federal Housing Finance Agency Bill Pulte has been tapped by President Donald Trump to take over as acting director of national intelligence, replacing Tulsi Gabbard. File Photo by Bonnie Cash/UPI | License Photo
June 2 (UPI) -- President Donald Trump announced Tuesday that Bill Pulte, director of the Federal Housing Finance Agency, will replace Tulsi Gabbard as acting director of national intelligence.
Gabbard announced her resignation in May, saying she will step down June 30.
Pulte previously owned a construction company and private equity firm and has no experience in intelligence. He will keep his position at the FHFA and chair of Fannie Mae and Freddie Mac,Trump announced on Truth Social.
"William has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago. During this period, he will remain Director of the Federal Housing Finance Agency, and Chairman of Fannie Mae/Freddie Mac. Congratulations to Director Pulte!"
