US Financial Authority Chief Responds to Rumors of Powell's Potential Resignation: Encouraging Powell to Consider Resigning

On July 12, U.S. Federal Housing Finance Agency Director Pulte issued a statement regarding rumors that Federal Reserve Chairman Powell was considering resigning, saying, "I am encouraged by reports that Jerome Powell is considering resigning. I think it would be the right decision for the United States, and the economy would prosper as a result." In response, analyst Adam Button said, "This is a strange statement because it indicates that there are reports that Powell is considering resigning, but I can't find any reports. What's even more puzzling is that Pulte has been posting on social media for a long time saying that Powell should resign, and even foreshadowed this statement - although the so-called 'reports' cited in the statement itself cannot be verified. It is not yet possible to determine his true intentions, but it is worth noting that the financial markets seem to have no reaction to this." [Deep Tide TechFlow]