The American financial world burst after Bill Pulte, director of the Federal Housing Finance Agency (FHFA), suggested that the president of the federal reserve Jerome Powell could prepare to resign. Pulte described an “resignation speech” to come, although he said later that the scheduled address on Monday can be unrelated.
His comment, although short and somewhat ambiguous, sparked a wave of speculation. With Powell who should talk soon, many wonder: is something bigger behind the scenes?
Powell’s continuous criticism
This is not the first time that Pulte has headed for Powell. In recent months, he has criticized the president of the president of the Fed to monetary policy, in particular:
- Constantly high interest rate
- A $ 2.5 billion renovation project for the headquarters of the Federal Reserve
- The overall position of tightening which, according to Pulte, damages the housing market
Pulte has even written an exhorting letter of former president Trump to consider deleting Powell and has shown support for an investigation into Fed’s actions under his direction.
Growing tensions between the allies of the Fed and Trump
The remarks also reflect broader political tensions. The officials aligned by Trump, including the new Treasury Secretary, Scott Bessent, questioned the independence and priorities of the Fed, in particular the decision to delay the drops in rate in the midst of signs of slowing down inflation.
Although Powell has constantly declared that he was planning to complete his mandate, which ended in May 2026, the pressure was increased.
To what to expect the next speech of Jerome Powell
For the moment, there is no confirmation of a resignation. But with Powell who should speak on Monday, the time of Pulte’s post aroused new interest. The market observers will listen carefully, not only for political clues, but for any unexpected announcement.
Whether or not it turns into something bigger, one thing is clear: Jerome Powell’s leadership at Fed is again under the microscope.
Faq
There is no official confirmation that Jerome Powell resigns. However, the director of FHFA, Bill Pulte, alluded to a possible “discourse of resignation”, which aroused speculation. Powell publicly declared that he intended to serve until the end of his mandate in May 2026.
Bill Pulte, director of FHFA, posted on X on a possible “resignation speech” by Jerome Powell. Although he said later that the speech can be unrelated, his comment raised questions about Powell’s future at the Fed.
There was no official discussion on a successor. If Powell was to resign, the decision would fall to the president and probably require confirmation of the Senate.
Powell is expected to speak on Tuesday July 22, 2025 at 8:30 a.m. on the integrated examination of the Capital Framework conference in Washington, DC
