Reports suggest Federal Reserve Chair Jerome Powell may resign, a move welcomed by some who believe it would benefit the US economy. The Federal Housing Finance Agency (FHFA), which oversees major players in the US mortgage market, issued a statement expressing optimism regarding this potential change. The FHFA regulates entities providing over $8.5 trillion in mortgage market funding. Further information is available on their website and social media channels.

Prepared by Christopher Adams and reviewed by editorial team.