President Donald Trump’s housing chief has strongly criticized Federal Reserve Chair Jerome Powell, labeling him a “maniac” and “deranged,” while blaming persistent high interest rates for widespread financial hardship among Americans. This fiery characterization comes as economic anxiety continues to grip the country, with housing costs climbing to levels not seen in decades.

The remarks came from Bill Pulte , the director of the Federal Housing Finance Agency, which oversees Fannie Mae , Freddie Mac , and the Federal Home Loan Banks, calling into ResiDay , a residential real-estate conference hosted by ResiClub , the news and research outlet cofounded by former Fortune editor Lance Lambert .

Pulte, whose family is one of the biggest names in corporate homebuilding, did

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