Bill Pulte, who oversees Fanny Mae and Freddy Mac, departed Federal Reserve Chair Jerome Powell from his position soon.
“I have been encouraged by reports that are considering resignation Jerome Powell,” Pulte said One Friday’s statement“I think this will be the right decision for America, and the economy will bounce.”
It is not clear which specific reports of the Federal Housing Finance Agency are referring to. Pavel’s term is in May 2026, and he indicated that it will be Do not step down If President Trump asked him to do so.
Nevertheless, the words of Pulte come a week later when they urged the Congress to start an investigation of the fed chair, Accusing him of lying during First their testimony Senate Banking Committee at late June.
This is also as follows Month of stress At interest rates between Powell and Trump administration. The President has long criticized Pavel and He urged him to resign On your decision to keep the rates stable.
“I hope the Congress really works very dumb, hardheaded, over. We will pay for its disability for many years to come. The board should be activated. Make America again great!” Trump wrote Social on truth Last month end.
Powell Is maintained He is waiting to evaluate the impact of the President’s huge tariff agenda before starting low rates.
Powell said in June, “What we are doing, to reduce rates, understand what will happen with tariff inflation. There is a lot of uncertainty about this.”
“Somebody has to pay tariffs … among the manufacturer, exporter, importer, retailer, eventually someone put it in some kind of good – or just the consumer is buying it,” said the fed chair.
Treasury Secretary Scott Besant, Fed Gove. Christopher Waller and Kevin Haset, Director of the White House Council of Economic Advisors, all have been done to swim to swim Possible Pavel replacement,
The administration has also expanded criticism of criticism to include Powell’s general leadership capabilities in recent times. Earlier this week, White House accused The Central Bank Budget efficiently described a planned renewal of his Washington headquarters as “Ostantius”.
