12-7-2025 – William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, endorsed unconfirmed reports that Federal Reserve Chair Jerome Powell is considering resignation, calling it “the right decision for America” in a statement released Friday. The comments intensify mounting pressure on Powell amid an escalating feud with President Trump over interest rate policy.
Pulte stated he was “encouraged by reports that Jerome Powell is considering resigning” and predicted “the economy will boom” if Powell steps down. The housing finance official has repeatedly criticized Powell’s monetary policy stance, arguing that elevated interest rates are crushing the housing market. President Trump has demanded Powell’s immediate resignation multiple times this week, calling the Fed chair “Too Late” and accusing him of misleading Congress.
The Trump-Powell conflict centers on divergent views of economic policy. Trump has threatened to terminate Powell if he doesn’t cut interest rates, with the president seeking to reduce borrowing costs as the administration plans to add approximately $4 trillion to federal debt. Powell has maintained that proposed tariffs could reignite inflation pressures, justifying the Fed’s cautious approach to rate cuts.
For cryptocurrency markets, a Powell departure could signal a shift toward more accommodative monetary policy, potentially boosting digital asset valuations. With less than a year remaining in Powell’s term, Trump is expected to nominate a replacement before the end of 2025, setting up a pivotal moment for both traditional and digital financial markets.
