
Federal Reserve Chairman Jerome Powell is reportedly considering resigning amid growing pressure from President Donald Trump, financial leaders, and the American people.
The bombshell was dropped by Bill Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, who confirmed what many insiders have long suspected — Powell’s time is running out.
“I’m encouraged by reports that Jerome Powell is considering resigning,” Pulte said in a statement. “I think this will be the right decision for America, and the economy will boom.”
Statement from Chairman of the Board of Fannie Mae on Reports that Jerome Powell Is Considering Resigning
— Pulte (@pulte) July 11, 2025
Washington, D.C. – "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." pic.twitter.com/7FPe2zla3i
For years, Powell has been accused of playing partisan politics from the most powerful monetary post in the country. His refusal to cut interest rates under Trump — despite economic signals begging for relief — has drawn fury from the right, particularly as Powell had no problem slashing rates under the failed Biden-Harris administration when inflation was sky-high.
President Trump himself hasn’t minced words. Taking to Truth Social, Trump bluntly declared: “Too Late. Should resign immediately!!!”
Powell’s decision to keep interest rates painfully high even as inflation cools and unemployment lingers has strangled growth and hampered a full American recovery. This, critics say, is nothing short of economic sabotage.
Powell attempted to justify his stance at a recent event, whining about Trump’s strong stance on tariffs — a policy the President correctly views as necessary to protect American jobs and manufacturing.
“We went on hold when we saw the size of the tariffs,” Powell said. “All inflation forecasts for the U.S. went up materially as a consequence of the tariffs.”
But Powell’s narrative doesn’t hold water. Inflation spiked under Joe Biden, not Trump. The truth is Powell was all too eager to cut rates in September of 2024, while inflation was raging, just to prop up Kamala Harris’ collapsing presidency and flailing re-election bid. Yet now, with inflation stabilizing and President Trump back in office, Powell suddenly refuses to act?
President Trump inherited an economic mess from Biden: sky-high inflation, soaring interest rates, stagnant growth, and crushing energy prices. Rather than support the new administration’s efforts to jumpstart the economy, Powell has kept the brakes on — refusing to lower rates and loosen monetary policy that could ignite a real estate and small business boom.
And let’s be honest — Jerome Powell hasn’t exactly been subtle about his disdain for Trump. Last week, he went so far as to blame Trump’s America First tariffs for his own failed decisions. In doing so, Powell once again aligned himself with globalist economic interests, putting China, the EU, and Wall Street elites above the hardworking people of middle America.
Meanwhile, White House Press Secretary Karoline Leavitt read a direct message from President Trump to Powell during a press briefing last Monday:
“Jerome, you are, as usual, too late. You have cost the USA a fortune and continue to do so… You should lower the rate by a lot! Hundreds of billions of dollars are being lost. No inflation.”
The Trump White House has been hammering this message for months. If Powell truly cared about economic growth, he would unleash interest rate cuts immediately. Mortgage rates would fall, home construction would skyrocket, small businesses could breathe again — and American consumers would feel the relief in their wallets.
But Powell seems content to stall the economy, play D.C. games, and undermine the administration from within. The calls for his resignation aren’t just political. They are a defensive maneuver to protect the American economy from a hostile bureaucrat who’s been out of touch with the working class for far too long.
Pulte’s endorsement of Powell’s potential exit shows that the broader financial sector is losing patience too. Fannie Mae and Freddie Mac’s leadership signaling support for new Fed leadership may be the writing on the wall. Insiders say several other key figures in the financial world have quietly backed Trump’s push for a reset at the central bank.
And while mainstream media outlets are largely ignoring the revolt, conservative voices have been turning up the heat. Financial analysts on Newsmax, OANN, and alternative platforms have been warning for months that Powell’s refusal to stimulate the economy borders on gross negligence.
At this point, it’s not a matter of “if” Powell steps down — it’s “when.”
President Trump’s base wants results. The Fed has immense power to fuel American prosperity, and Powell is clearly the wrong man for the job. His resignation would be a long-overdue win for American workers, homeowners, and businesses desperate for real monetary leadership that serves Main Street, not Wall Street.
It’s time for Powell to go.
And if he won’t leave willingly, don’t be surprised if President Trump finds a way to push him out — one way or another.