REPORT: Jerome Powell Considers Resigning As Federal Reserve Chair

This just in: Federal Reserve Chair Jerome Powell could call it quits!

According to the Director of Federal Housing, William J. Pulte, Powell is considering resigning.

Take a look:

BREAKING: Federal Reserve Chair Jerome Powell is reportedly considering resigning pic.twitter.com/Z2xXETqPba

— Insider Paper (@TheInsiderPaper) July 11, 2025

The full, very brief statement reads:

“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.”

At this time, we can’t confirm that Jerome Powell actually said he might step down himself.

We only have this statement from William Pulte.

Investing.com noted:

However, the source of Pulte’s information remains unclear, with no official confirmation from Powell or the Federal Reserve regarding any resignation plans. Many Wall Street observers expressed confusion about the post, as Pulte did not cite specific reports supporting his claim.

Pulte has previously criticized Powell and advocated for interest rate cuts, aligning with positions held by Trump. The timing of the statement comes as markets continue to digest the Fed’s recent monetary policy decisions and economic outlook.

But, Powell has been under increasing pressure from President Trump to resign after he has repeatedly refused to cut interest rates.

Just today, President Trump said this:

🚨 JUST IN: President Trump accuses Fed Chair Jerome Powell of costing the US a TON of money by keeping interest rates so high.

"We should be 3 points lower!"

"We should be number 1, and we're not, because of Jerome Powell."

I am with @Pulte on this. He must RESIGN. pic.twitter.com/dom8HzgtrR

— Eric Daugherty (@EricLDaugh) July 11, 2025

What do you think?