Trump Picks Loyalist Pulte as Acting Spy Chief After Gabbard (2)

President Donald Trump appointed Bill Pulte, the head of the Federal Housing Finance Agency, as the acting director of National Intelligence, elevating a loyalist with no national-security background to US spy chief.

Trump posted on social media Tuesday that the 38-year-old Pulte would also remain in his role as FHFA director and as chairman of the government-administered mortgage giants Fannie Mae and Freddie Mac. He said Pulte “has deep experience managing the most sensitive matters in America,” without providing further explanation of why he picked the home construction heir to lead the nation’s intelligence community.

Common shares of Fannie ...