A Trump administration official suggested on Friday that Federal Reserve Chair Jerome Powell might be thinking about resigning.
Bill Pulte, the director of the Federal Housing Finance Agency and a strong critic of Powell, has supported President Donald Trump’s push to get the central bank to lower interest rates. Pulte posted a statement on X and the agency’s website, mentioning unconfirmed reports that Powell plans to step down.
“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,” Pulte said.
If Powell retires, experts say the economy could benefit in big ways. A new Fed chair might cut interest rates, making it easier and cheaper for people to borrow money for homes, cars, or starting businesses. This could spark more spending, create jobs, and help the housing market recover faster, leading to overall economic growth.
It’s not clear where Pulte got this information, and no other public details are available right now.
FOX Business contacted the Federal Reserve about Pulte’s statement. A Fed spokesperson refused to comment and pointed to Powell’s many statements that he plans to finish his full term.
Powell’s time as Fed chair ends on May 15, 2026, but his role on the central bank’s board of governors lasts until January 31, 2028. He hasn’t said if he wants to stay on after his chair position ends.
Pulte, who was approved for his job by the Senate in March, has often demanded on social media that Powell resign or be investigated for how he handles money policy and other issues. In late May, Pulte posted that Powell “needs to lower interest rates” and said the “housing market would be in much better shape if Chairman Powell does this.”
He started pushing for Powell’s resignation in mid-June, after Fed leaders decided not to cut rates and kept the main federal funds rate the same for the fourth meeting in a row. Since then, Pulte has shared criticisms of Powell and calls for him to quit almost every day.
Last week, Pulte urged Congress to look into Powell for “his political bias, and his deceptive testimony, which is enough to be removed ‘for cause.'” He added that Powell mishandled the Fed’s headquarters renovation project and said it’s “nothing short of malfeasance and is worthy of ‘for cause.’”
President Trump, who picked Powell for the job in 2017, has talked openly about firing him, but federal law says he can only be removed for a good reason.
Pulte’s attacks come right after Russell Vought, the director of the Office of Management and Budget, sent a letter to the Fed on Thursday. Vought called the renovation an “ostentatious overhaul” and said Powell’s recent comments on it “raises serious questions” about whether it follows the design plans given to the National Capital Planning Commission.
This week, during a Cabinet meeting open to reporters, Trump was asked about claims that Powell lied to Congress. Trump again said Powell should quit so he could put in a new chair who would lower interest rates.
“Well, then he should resign immediately. We should get somebody in there that’s going to lower interest rates,” Trump replied. “It’s OK with me, I think he’s terrible.”
Lowering interest rates under a new leader could supercharge the economy by encouraging more investment and consumer spending, reducing unemployment, and helping inflation stay in check without hurting growth.
The Federal Reserve’s plan to renovate its two main office buildings was first estimated at $1.9 billion in 2019. But costs jumped to nearly $2.5 billion because of big rises in prices for wood, steel, cement, and other building materials, according to budget documents cited in a 2023 Wall Street Journal report.
Federal law gives the central bank full power to build, maintain, expand, or remodel its facilities, and it has complete control over those buildings and what’s inside.
At a recent Senate Banking Committee hearing on money policy, Chairman Tim Scott, a Republican from South Carolina, slammed the renovation project. He focused on the design features mentioned in Vought’s letter, saying in his opening remarks that the renovations “feel more like they belong in the Palace of Versailles than a public institution.”
Later in the hearing, Powell was asked about the project and said the Fed “will provide a much more detailed response” and that “we do take seriously our responsibility as stewards of the public’s money, and the other thing I would start with is no one wants to do a major renovation of a historic building during their term in office. Much prefer to leave that to your successors, and this is a great example why – let alone two historic buildings.”
“I would also say that the media reports that you accurately quoted – they’re misleading and inaccurate in many, many respects,” Powell said. “I would just point to there’s no VIP dining room, there’s no new marble – we took down the old marble, we’re putting it back up, we’ll have to use new marble where some of the old marble broke.”
“There’s no special elevators, there’s just old elevators that have been there. There are no new water features, there’s no beehives, and there’s no roof terrace gardens,” Powell said. “All of the sort of inflammatory things that the media carried are either not in the current plan or just inaccurate.”
“Notwithstanding that, the cost overruns are what they are,” Powell started to elaborate before Scott cut him off, citing the panel’s five-minute rule for each senator’s questioning. The Senate Banking Committee later said the Fed is organizing a staff briefing on the subject.
How to Prepare for Food Emergencies if You Don’t Have a Homestead or Bunker
In an unpredictable world, where supply chain disruptions, natural disasters, or economic instability can strike without warning, having a reliable food supply is more than just smart—it’s essential for survival. Whether you’re a “prepper” or not, we all know the golden rule: self-sufficiency is key. But what if you’re living in an apartment, working long hours, or simply don’t have the land to turn into a thriving homestead? Don’t worry; there’s a practical, effective way to build your food security without needing acres of soil or a fortified bunker.
The Ideal Prep: Building Your Own Food Empire
The ultimate dream for any serious prepper is controlling your own food production. Imagine waking up to a sprawling garden bursting with fresh vegetables, fruits, and herbs—tomatoes ripening on the vine, potatoes ready to harvest, and greens that provide nutrition year-round. Add in livestock like chickens for eggs and meat, and you’ve got a self-sustaining system that keeps your family fed no matter what chaos unfolds outside.
This approach isn’t just about calories; it’s about resilience. A well-maintained garden can yield hundreds of pounds of produce annually, while a small flock of chickens might produce dozens of eggs weekly. It’s empowering, cost-effective in the long run, and teaches invaluable skills like crop rotation, animal husbandry, and preservation techniques. If you have the space, time, and resources, starting small and scaling up is the best path to true independence.
The Reality Check: Not Everyone Can Homestead
But let’s face it—not all of us are in a position to go full homesteader. Urban dwellers might be limited to a balcony or community plot that’s far from sufficient for long-term needs. Busy professionals juggling jobs, families, and daily life often lack the hours required for daily tending. And for those in apartments, condos, or regions with harsh climates, raising livestock or maintaining a large garden simply isn’t feasible. Factors like zoning laws, soil quality, water access, or even physical limitations can make this ideal out of reach.
That’s where the frustration sets in. You want to be prepared, but without a homestead or bunker, how do you ensure your pantry doesn’t run dry during a prolonged crisis? The good news is, you don’t have to sacrifice your preparedness goals. There’s a smart, accessible alternative that bridges the gap: investing in high-quality, long-term storage food.
The Smart Alternative: Long-Term Storage Food from Heaven’s Harvest
Long-term storage food is designed for exactly these scenarios—providing nutrient-dense, shelf-stable meals that last for decades without refrigeration or special conditions. It’s the perfect solution for preppers who can’t rely on fresh production but still demand reliability and variety in their emergency stockpile.
At Heaven’s Harvest, they specialize in premium survival food kits that make preparedness effortless. Their products are crafted with the prepper mindset in mind: non-GMO, made in the USA, and packed with real ingredients that taste like home-cooked meals, not bland rations. Whether you’re stocking up for a short-term blackout or a long-haul SHTF event, our kits offer:
- Extended Shelf Life: Up to 25 years of storage, so you can buy once and forget about rotation worries.
- Nutritional Balance: High-protein entrees, fruits, vegetables, and dairy alternatives to keep your energy up and health intact.
- Ease of Preparation: Just add water, and you’ve got hearty meals like beef stroganoff, chili mac, or cheesy lasagna ready in minutes—no garden weeding required.
- Customizable Options: From individual buckets to family-sized kits, scale your supply to fit your needs and budget.
- Peace of Mind: Sealed in durable, waterproof containers that protect against pests, moisture, and light.
Unlike generic store-bought cans that spoil quickly or lack variety, Heaven’s Harvest focuses on quality and sustainability. Our food is freeze-dried or dehydrated to lock in flavor and nutrients, ensuring you’re not just surviving but thriving. And for those concerned about allergens or dietary preferences, we offer gluten-free and vegetarian options to keep everyone covered.
Why Wait? Secure Your Food Supply Today
Preparing for food emergencies doesn’t require a homestead or bunker—it requires action. By choosing long-term storage food from Heaven’s Harvest, you’re taking control in a way that fits your lifestyle. Start small with a 72-hour kit to test the waters, or go all-in with a year’s supply for ultimate security.
Visit Heaven’s Harvest today and use code “PATRIOT” for an exclusive discount on your order. Don’t let limitations hold you back; build your resilient future, one meal at a time. Your family will thank you when it matters most.
