In a post on X, William Pulte published a statement commenting on reports that the Federal Reserve Chair is considering resigning. The FHFA chair did not mention any specific report but noted that such a decision by Jerome Powell would be the "right direction for the United States and the economy will thrive."
It is worth mentioning that Pulte requested an investigation into the Federal Reserve chair earlier this month. He urged Congress to investigate Powell for alleged false statements in his testimony before the Senate.
Meanwhile, this statement about Jerome Powell's alleged consideration to resign comes amid Trump's criticism of the Fed chair and his push for a 300 basis point rate cut. The president noted that the Fed should cut rates quickly, as there is no inflation.
He also indicated that a rate cut by the Fed would be ideal to reflect the current strength of the market, with cryptocurrency prices soaring and the stock market reaching new highs. However, the Fed chair has stated that they are in a good position to wait and observe the impact of tariffs on inflation, rather than rushing to cut rates.
Trump reiterated today that he believes Jerome Powell is doing a terrible job. However, he revealed that he has no plans to remove the Federal Reserve chair. Powell's term as Federal Reserve chair does not end until May of next year.