Former Federal Housing Finance Agency (FHFA) regulators have reported that Jerome Powell is considering his resignation. If true, the move could be seen as a positive sign for the US economy. The FHFA oversees Fannie Mae, Freddie Mac, and 11 federal home loan banks, which provide over $8.5 trillion in funding to the mortgage market and financial institutions. This has significant implications for the country’s financial sector.
Source: https://www.fhfa.gov/news/news-release/statement-from-chairman-of-the-board-of-fannie-mae-and-freddie-mac-william-j.-pulte-on-reports-that-jerome-powell-is-considering-resigning