“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 in a post shared both on X (formerly Twitter) and on the agency’s official website.

What raised eyebrows is that Pulte gave no indication of the source behind this claim. Meanwhile, a Federal Reserve spokesperson declined to comment and simply reiterated that Powell has consistently said he intends to serve out the remainder of his term.

Longstanding Criticism from Pulte

Since his Senate confirmation in March, Pulte has become a vocal critic of Powell, particularly over interest rate decisions. He has frequently called for Powell’s resignation and even urged Congress to open an investigation into what he describes as “policy mismanagement.”

In a post from May, Pulte argued that the housing market would be in a much better place if Powell had lowered rates sooner. According to him, every day Powell delays rate cuts puts further strain on the economy.

“Plenty of Grounds for Removal”

Pulte’s criticisms go beyond just monetary policy. He has also condemned the Federal Reserve’s headquarters renovation project, accusing Powell of mismanaging public funds and labeling the initiative as an act of “malfeasance.” According to Pulte, these issues are enough to justify Powell’s removal “for cause.”

Just last week, Pulte intensified his attacks, accusing Powell of making “misleading statements” and showing “political bias,” which he believes should trigger Congressional oversight.

Will Powell Finish His Term?

Jerome Powell’s term as Federal Reserve Chair is scheduled to end on May 15, 2026, while his tenure as a member of the Board of Governors runs until January 31, 2028. So far, Powell hasn’t stated whether he plans to stay after his chairmanship ends.

Markets are closely watching the situation. If Powell were to resign prematurely, it could drastically shift interest rate expectations—possibly paving the way for rate cuts ahead of the upcoming election year. Such a move could significantly impact investor sentiment, monetary policy outlooks, and even crypto markets, where assets like Bitcoin and Ethereum react strongly to Fed news.

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The post FHFA Chief Pulte: “If Powell Resigns, The Economy Will Boom” appeared first on Coin Engineer.

A Path Toward Crypto-Qualified Mortgages

FHFA Director William Pulte recently confirmed that the agency is actively reviewing how digital assets might influence mortgage eligibility. If approved, this could allow borrowers to use crypto holdings as collateral or part of their financial profile when applying for home loans.

The implications are significant. Since FHFA sets the rules for government-sponsored mortgage giants like Fannie Mae and Freddie Mac, any changes could open the door for mainstream banks to offer crypto-integrated mortgage products — something currently limited to niche fintech companies.

Regulatory Barriers Are Falling

Previously, crypto-backed lending by major financial institutions was limited due to restrictive guidance from the U.S. Securities and Exchange Commission (SEC). Specifically, SAB 121 required public companies to report crypto holdings for clients as liabilities, creating capital requirement complications.

That rule was rescinded on January 23, 2025, clearing a major roadblock. Banks are now better positioned to create and manage products that involve digital asset collateral, paving the way for more seamless integration between crypto and traditional banking.

Crypto-Backed Mortgages Already Exist

A few private firms have been offering crypto-backed home loans, where borrowers pledge Bitcoin or other digital assets to receive fiat loans for real estate purchases. However, these loans often come with high collateral ratios and strict risk controls. If the crypto market dips, borrowers may need to top up their collateral or risk liquidation.

With potential regulatory approval, these models could be adopted by traditional financial institutions, making them more accessible, secure, and scalable for the average consumer.

Crypto Is Becoming a Real Estate Tool

Recent studies indicate that more low-income households are using gains from crypto investments to pay off mortgages, especially in areas with high crypto adoption. This trend shows that digital assets are becoming more than speculative bets — they’re being used as wealth-building tools.

Wealthier investors, too, are leveraging crypto-secured loans to buy real estate without liquidating their assets. By borrowing against their Bitcoin rather than selling it, these individuals preserve long-term upside while accessing real-world liquidity.

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