Bill Ablicte, the director of the Federal Housing Financing Agency selected by Trump and former president of Fannie Mae and Freddie Mac, referred to completely unconfirmed reports that the president of the Federal Reserve (Fed), Jerome Powell, could be considering renouncing his position as head of the Fed.
It is rumored that the president of the Fed could leave, but there are no solid sources
Bill Ablicte declared: “I am encouraged by the reports that Jerome Powell is considering renouncing. I think this will be the right decision for America, and the economy will prosper.”
Abviente is a fervent supporter of Donald Trump and believes that President Trump should have the authority to directly control the establishment policies of interest rates of the Fed.
Rumors that the president of the FED, Powell, could be renouncing his position remain completely not confirmed at this time.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
