A Trump administration official on Friday suggested that Federal Reserve Chair Jerome Powell is reportedly considering resigning.

Federal Housing Finance Agency Director Bill Pulte – a vocal critic of Powell who has backed President Donald Trump's efforts to pressure the central bank into interest rate cuts – released a statement on X and the agency's website alluding to unspecified reports that Powell will resign.

"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.

It's unclear where Pulte is getting the information he used for the statement and there is no other public information on the subject at this time.

FOX Business reached out to the Federal Reserve regarding Pulte's statement. A Fed spokesperson declined to comment and referenced the numerous times that Powell has said he intends to serve out the remainder of his term.

This is a developing story. Please check back for updates.