Bill Pulte, who oversees Fannie Mae and Freddie Mac, applauded chatter stating Federal Reserve chair Jerome Powell would soon depart from his position.

“I’m encouraged by reports that Jerome Powell is considering resigning,” Pulte said in a Friday statement. “I think this will be the right decision for America, and the economy will boom.”

It is unclear what specific reports the head of the Federal Housing Finance Agency is referring to. Powell's term is up in May 2026, and he has indicated he would not step down if President Trump asked him to do so.

BestReviews is reader-supported and may earn an affiliate commission.

Amazon Prime Day Deals

• © The Hill