Rumors about the possible resignation of Federal Reserve Chairman Jerome Powell have generated considerable interest and speculation. The White House has commented on the situation for the first time.
Likelihood of Powell's Resignation
Rumors that Jerome Powell may resign began to circulate on Friday. These rumors gained particular weight following statements from the head of the Federal Housing Finance Agency (FHFA), who indicated he would be pleased if the resignation news were true.
Reaction to the Rumors and Comments
White House Economic Advisor Kevin Hassett offered his insights in a recent interview. He stated, "Trump has the authority to remove Powell if there is justified cause." Hassett noted Trump's dissatisfaction with Powell's actions, connected to his calls for interest rate cuts.
Market Reaction and Possible Consequences
Despite growing rumors, it is clear that pressure on Powell continues to mount. However, how long he can remain in his position remains in question. A shift to new economic policies following Powell's possible resignation could cause uncertainty in financial markets.
Thus, the rumors surrounding Jerome Powell's resignation remain relevant, drawing significant attention from both investors and political circles.
