From Fox Business: A Trump administration official on Friday suggested that Federal Reserve Chair Jerome Powell is reportedly considering resigning.
Federal Housing Finance Agency Director Bill Pulte – a vocal critic of Powell who has backed President Donald Trump’s efforts to pressure the central bank into interest rate cuts – released a statement on X and the agency’s website alluding to unspecified reports that Powell will resign.
“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,” Pulte said.
It’s unclear where Pulte is getting the information he used for the statement and there is no other public information on the subject at this time.
Pulte posted his statement on official U.S. Federal Housing letterhead.
Statement from Chairman of the Board of Fannie Mae on Reports that Jerome Powell Is Considering Resigning
Washington, D.C. – “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.” pic.twitter.com/7FPe2zla3i
— Pulte (@pulte) July 11, 2025
Pulte also shared a Fox Business video clip of host Larry Kudlow announcing his statement.
— Pulte (@pulte) July 11, 2025
President Donald Trump lambasted Powell while speaking to reporters Friday morning, before departing for Texas:
.@POTUS on Jerome Powell: “I think he’s doing a terrible job. I think we should be 3 points lower… He’s costing our country a lot of money.” pic.twitter.com/BBuCvq0c5v
— Rapid Response 47 (@RapidResponse47) July 11, 2025
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