Bill Ackman, chief executive of hedge fund Pershing Square has speculated on X that Fannie Mae and Freddie Mac could come out of conservatorship within the first two years of the coming Trump administration.

“During Trump’s first term, Secretary Mnuchin took steps toward this outcome, but he ran out of time,” Ackman wrote. “I expect that in the second [Donald Trump] administration, Trump and his team will get the job done.”

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