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| Jerome Powell ‘considering resigning' as pressure grows over lavish $2.5B HQ: report |
| 2025-07-12 |
| [NYP] A senior Trump administration official said Friday that Fed Chair Jerome Powell is "considering resigning" as pressure grows for an investigation into whether he lied to Congress about the central bank’s "Palace of Versailles" renovations to its headquarters in Washington, DC. Bill Pulte, the chair of US government-backed mortgage lenders Fannie Mae and Freddie Mac, posted on X that he heard "reports" of Powell wavering about finishing his term — without providing any evidence. "I think this will be the right decision for America, and the economy will boom," the former journalist and private equity titan said. Related: Jerome Powell 06/29/2025 Trump Should Name His Fed Chair Replacement Now, Not Later Jerome Powell 06/28/2025 How Wall Street powered to a record high and what comes next Jerome Powell 06/27/2025 Dollar Plunges After Trump's Comments on Fed Chief Powell |
| Posted by:Besoeker |