The Federal Reserve rejected reports Friday that its chairman, Jerome Powell, was weighing whether to resign.
When contacted by Homes.com, a Fed spokesperson declined to comment but noted the many times Powell has said he plans to serve out his term.
Bill Pulte, director of the Federal Housing Finance Agency, posted a statement on his X account Friday, applauding rumors of Powell planning to resign.
On FHFA letterhead, Pulte said: "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." The post inspired several news stories.
Pulte has pressed for the Fed to cut the benchmark interest rate, contending that would encourage more sales and boost construction. Despite pressure from the Trump administration, the president's appointees and both sides of the aisle, Powell has stood firm. The Fed has determined that it needs to stand pat to deal with inflation that is higher than its 2% target. Inflation hovers at 2.4%, according to the U.S. Labor Department's Consumer Price Index.
Pulte took to his social media account this month to call for Congress to investigate Powell.