The Federal Housing Finance Agency published a statement from William J. Pulte, chairman of the boards of Fannie Mae and Freddie Mac, in response to reports that Jerome Powell is considering resigning. Pulte said he was encouraged by the reports and argued that a resignation would be “the right decision for America” and that “the economy will boom.” The release also reiterated that the Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks, which together provide more than USD 8.5 trillion in funding for US mortgage markets and financial institutions.
Federal Housing Finance Agency 2025-07-11
Federal Housing Finance Agency publishes William J. Pulte statement welcoming reports that Jerome Powell is considering resigning
The Federal Housing Finance Agency released a statement from William J. Pulte, chairman of Fannie Mae and Freddie Mac, expressing support for reports of Jerome Powell's potential resignation, suggesting it would benefit the economy. The agency reiterated its regulatory role over Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks, which collectively provide over USD 8.5 trillion in funding for US mortgage markets.