The chairman of the Board of Directors of Fannie Mae and Freddie Mac, William J. Pulte has responded to reports that FED chairman Jerome Powell is considering resigning. Pulte posted on his official X account that he is being encouraged by the reports of chairman Powell who is considering resigning.
“I am encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will bloom,” Pulte noted.
The beef between chairman Powell and President Donald Trump
Although not officially confirmed, the reports that FED chairman Powell is considering resign from the wrong coordination with the Donald Trump government. In recent months, President Trump has encouraged chairman Powell to reduce interest rates to strengthen the economic growth of the country.
“Tech shares, industrial shares, nasdaq, touch all time, record high! Crypto by is the roof, Nvidia has risen 47% because Trump rates. USA takes hundreds of billions of dollars on rates … The Fed should quickly reduce the rates to reflect this power,” noted.
According to President Trump, the Fed should have lowered its bench market rate by 3 points, since inflation has decreased. However, the FED chairman has repeated several times that the rates will probably increase inflation in the midst of weakening the US dollar.
What kind of crypto?
If Fed Chair Powell will decrease in the coming days as predicted by Pulte, President Trump will replace him by his team members. As a result, the chance of different speed reductions in the United States will shoot up before the end of 2025. With the cryptomarkt that is already in the early stages of a parabolic rally, various cuts on the underlying bullish prospects can further feed.