Fannie Mae Chairman Backs Powell’s Possible Resignation Amid Economic Concerns

Washington, D.C. – Federal Housing Finance Agency Chairman William J. Pulte expressed support for Federal Reserve Chairman Jerome Powell‘s potential resignation during a news release on July 11, 2025. 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’s comments highlight a growing discourse regarding the leadership of the Federal Reserve as the U.S. faces economic challenges. Powell has been in charge during a period marked by rising interest rates aimed at curbing inflation, which has drawn criticism.

Some economists and sectors are worried about a slowdown in economic growth and the rising costs of housing. Pulte’s optimism from the housing finance sector suggests that new leadership at the Fed might mitigate policy pressures and promote broader economic progress.

The Federal Housing Finance Agency oversees critical government-sponsored enterprises including Fannie Mae and Freddie Mac, which together provide over $8.5 trillion in funding for mortgage markets and financial institutions in the U.S.

Pulte’s statement marks a significant moment as the economy continues to grapple with rising interest rates and affordability issues. While the future remains uncertain, his remarks echo a hope for a shift in the Federal Reserve’s approach to managing economic policy.