William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, released a statement responding to reports that Federal Reserve Chairman Jerome Powell is considering resigning.
“I’m encouraged by reports that Jerome Powell is considering resigning,” Pulte said. “I think this will be the right decision for America, and the economy will boom.”
His remarks reflect growing debate over the Federal Reserve’s leadership amid ongoing economic challenges. Powell, who has led the central bank through a period of elevated interest rates aimed at curbing inflation, has faced criticism from some sectors concerned about slowing growth and housing affordability.
Pulte’s statement signals optimism from the housing finance sector that new Fed leadership could ease policy pressures and stimulate broader economic growth.
Via AFP