Director of FHFA, Bill Pulte, suggests Jerome Powell is considering resigning

On Friday, the Trump administration official suggested that Federal Reserve Chairman Jerome Powell is considering resignation.

The Director of the Federal Housing Agency, Bill Bolti – an audio critic of Powell who supported President Donald Trump’s efforts to pressure the central bank in interest rate discounts – issued a statement on the agency’s website, which indicated unlimited reports that Powell will resign.

“I was encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will flourish,” Polly said.

It is not clear where Pulte gets the information he used to explain and there is no other general information on this topic at this time.

Fox Business has reached the federal reserve in terms of Pulte’s statement. A spokesman for the Federal Reserve refused to comment and pointed to the many times that Powell said he intends to spend the rest of his term.

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Powell’s state as the head of the Federal Reserve Bank ended on May 15, 2026, although his term as a member of the Central Bank of the Central Bank extends until January 31, 2028, although he did not indicate whether he intended to present this term after his presidency.

Polati, who was confirmed by his role by the Senate in March, has repeatedly called Powell to resign or face the investigation of dealing with the agency with monetary policy and other matters on social media since he took office. In late May, Pulte published that Powell “needs to reduce interest rates” and said that “the housing market will be in a much better condition if President Powell does so.”

He began calling for Powell’s resignation in mid -June, after the central policy makers refused to reduce the targeted interest rates of the interest rate of federal funds for the fourth consecutive meeting. Since then, Pulte has published multiple criticisms of Powell and calls for his resignation on a daily basis.

Last week, Bolt called on congress to investigate Powell on his “political bias and deceptive testimony, which is sufficient to remove it” for the reason. “He added that Powell was the poor managing project to renew the Federal Reserve headquarters, and said that” nothing less than bad credit and deserves “for a reason.” “

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Powell warned that the Federal Reserve is awaiting seeing the impact of definitions on inflation data before moving forward with interest rate discounts. (Kent Nishimura / Getty Images / Getty Images)

President Trump – who was appointed Powell in this role in 2017 – has publicly formed the shooting of Powell, although under federal law, it can only be removed for the reason.

Bolt’s criticism comes at a time when the director of the administration and budget office sent a letter on Thursday a letter to the Federal Reserve Bank regarding what he called “comprehensive reform” of the project, saying that Powell’s recent testimony on the topic “raises serious questions” about the project’s compliance with the design plans submitted to the National Capital Planning Committee.

Trump was asked this week during the last cabinet meeting, which was open to the press about the allegations that Powell lied to Congress, when Powell called again to step down so that he could replace him with a chair that reduces interest rates.

Trump replied, “Well, he must resign immediately. We must get someone there that will reduce interest rates.” “It’s okay with me, I think it is terrible.”

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President Trump appointed Jerome Powell as President of Lva in 2017. (Saul Loeb / AFP via Getty Images / Getty Images)

The renewal of the Federal Reserve of the main major building was estimated at a cost of $ 1.9 billion in 2019, although the estimated cost increased to nearly $ 2.5 billion due to “large increases” in the cost of wood, steel, cement and other building materials for each budget documents Wall Street Magazine He was martyred in the 2023 report on the topic.

The federal law governs the federal reserve system the central bank grants the power to build facilities for its use, as well as to preserve, enlarge or redesign these facilities – and also grants single control of buildings and space at home.

In a conversation Senate Banking Committee After listening to monetary policy, the Chairman of the Board of Directors criticized Tim Scott, RS.C, the renewal project, citing the design elements that are the axis of Vought speech, saying in his opening notes for renovations, “She feels that she belongs to the Palace of Versailles more than a public institution.”

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Some of the main buildings of the Federal Reserve, including the Marriner S. Eccles Federal Reserve building in Washington, DC, have been renewed since before the epidemic and faced cost escalation amid high material prices. (Photographer: Ting Shen / Bloomberg via Getty Images / Getty Images)

Powell was later asked about the project during the session and said that the federal reserve “will provide a more detailed response” and that “we bear seriously our responsibility as money from the public’s money, and the other thing that I will start with is no one wants to do a large renewal of a historic building during his term in the office. It is better to leave that to your successor, and this is a great example why – let alone historical buildings.”

“I would also say that the media reports that you have reported accurately – they are misleading and inaccurate in many respects,” said Powell. “I would like to point out that there is no dining room for the dignitaries, and there is no new marble – we have dropped the old marble, and we will return it, and we will have to use a new marble as some old marble erupted.”

“There are no special elevators, there are just old elevators that were there. There are no new water features, no beehives, and there are no terrace gardens on the roof,” Powell said. “Every type of inflammatory that the media transmits is not either in the current plan or only inaccurate.”

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“Although the cost excesses are what they are,” Powell began the details before Scott was cut off, citing the five -minute base for the questioning of each Senate member. The Senate Banking Committee later said that the Federal Reserve is organizing a briefing employees on this issue.