FHFA Director suggests that Fed Chair Powell may be considering resigning

Joshua Gibson FXStreet

Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from his post as the head of the Fed.

Fed head rumored to be out, but no solid sources exist

Bill Pulte stated, "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."

Pulte is an ardent Donald Trump supporter and believes that President Trump should have the authority to control the Fed's interest rate-setting policies directly.

Rumors that Fed Chair Powell may be resigning from his post remain completely unconfirmed at this time.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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