Fed Chairman Powell Reportedly Considering Resignation Amid Economic Debate

Federal Housing Finance Agency Director Bill Pulte, a supporter of President Donald Trump's push for interest rate cuts, suggested that Federal Reserve Chair Jerome Powell is considering resigning, calling it a positive move for the American economy. However, there is no official confirmation or public information verifying these reports, and the Federal Reserve declined to comment, reiterating Powell's intent to serve his full term. President Trump has criticized Powell's management of the Fed, including allegations of misleading Congress over costly renovations at the central bank and has reportedly considered firing him. The developments come amid broader speculation about high-profile resignations in the administration. Powell has faced ongoing pressure from Trump to lower interest rates, which he has so far resisted. The Federal Housing Finance Agency oversees major mortgage finance entities that significantly impact U.S. financial markets.