Federal Housing Finance Agency (FHFA) Director William Pulte released a statement on Friday saying that he was pleased to hear that Fed Chair Jerome Powell may step down from his position. Pulte is also the Chairman of Fannie Mae (FNMA) and Freddie Mac (FMCC).
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“I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom,” said Pulte.
Earlier this month, Pulte pushed for a Congressional investigation of Powell over the Fed’s $2.5 billion renovation of its Washington, D.C. headquarters.
No Confirmed Reports of Powell’s Resignation
Pulte’s statement could be misleading because there are no confirmed reports that Powell is considering resigning. His term as Fed Chair ends in May 2026.
Meanwhile, President Trump has launched repeated verbal attacks toward Powell in recent months, arguing that the federal funds rate should be three points lower in light of low inflation and in order to save the U.S. government over $1 trillion in interest payments. On Friday, Trump was asked twice if he would fire Powell, responding “no” both times. However, he did say that the Fed Chair is “doing a terrible job.”
The federal funds rate is currently in a range between 4.25% and 4.50%.
