Federal Reserve Chair Jerome Powell Reportedly Weighing Resignation Amid Political Pressure for Rate Cuts

U.S. financial markets face potential turbulence as speculation grows over Federal Reserve Chair Jerome Powell's possible resignation. The rumor gained credibility after William J. Pulte, Chairman of Fannie Mae and Freddie Mac, publicly endorsed the move, calling it "the right direction for America" in an FHFA news release.

The development coincides with intensifying political calls for aggressive interest rate cuts. Former President TRUMP has advocated slashing the Fed Funds Rate from 4.25%-4.5% to 1.25%-1.5%, a policy shift that could accelerate under new leadership. Market analysts suggest such dramatic easing could weaken dollar confidence while boosting alternative assets like gold and cryptocurrencies.

While the Fed remains silent on Powell's status, the combination of high-profile endorsements and political pressure creates fertile ground for market volatility. The situation bears watching for crypto investors, as monetary policy upheavals often drive capital flows into decentralized assets.