“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.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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