[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  EndGame Macro [@onechancefreedm](/creator/twitter/onechancefreedm) on x 39.4K followers Created: 2025-07-11 20:34:30 UTC This public statement from William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac welcoming the idea of Jerome Powell’s resignation is highly unusual and strategically revealing. It’s rare for a GSE leader to comment so directly on Federal Reserve leadership, let alone frame the Chair’s potential departure as a turning point for the U.S. economy. But if Powell truly is considering stepping down, this doesn’t undercut the thesis that his high-rate policy was part of a broader geopolitical strategy, it actually reinforces it. The thesis is straightforward but underappreciated: Powell wasn’t just fighting domestic inflation. He was leveraging high rates as a form of geopolitical pressure, tightening global dollar liquidity, pushing up the cost of capital for emerging markets, and forcing BRICS aligned economies to defend their currencies or burn through reserves just as they attempted to build alternatives to the U.S. led financial system. Holding rates high for this long, despite clear signs of disinflation, makes far more sense when viewed through the lens of external containment, not just internal stabilization. If Powell resigns before cutting rates, it suggests his role was to hold the line until external pressure peaked, and then pass the baton before a pivot. I remain firmly anchored to this thesis because the policy contradictions are too obvious to ignore. If Trump or his administration genuinely wanted Powell to ease, they wouldn’t be layering on new tariffs and trade friction. These tariffs, even if strategically justified introduce short-term inflationary pressure, particularly through consumer goods and supply chain re-routing. That pressure gives Powell cover to delay cutting, not incentive to act. In other words, the very policies being enacted contradict the idea that rate cuts are urgently desired unless the real motive behind holding rates is something other than inflation management. For Fannie and Freddie, the stakes are more mechanical: they benefit immensely from lower rates. A drop in mortgage rates would unlock refinancing, revive origination volumes, and breathe life back into housing activity. Their public embrace of Powell’s rumored departure reflects institutional desperation for a monetary shift. But that desire does not explain Powell’s strategy, only the fallout from it. If Powell does resign now, it marks a transition, but not a retreat. It suggests that the geopolitical mission of weaponized rates may be reaching its terminal phase. And the pivot, when it comes, will be framed as domestic relief, but it will be rooted in a global playbook. XXXXXX engagements  **Related Topics** [powell](/topic/powell) [federal reserve](/topic/federal-reserve) [jerome](/topic/jerome) [macro](/topic/macro) [endgame](/topic/endgame) [Post Link](https://x.com/onechancefreedm/status/1943770900395933908)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
EndGame Macro @onechancefreedm on x 39.4K followers
Created: 2025-07-11 20:34:30 UTC
This public statement from William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac welcoming the idea of Jerome Powell’s resignation is highly unusual and strategically revealing. It’s rare for a GSE leader to comment so directly on Federal Reserve leadership, let alone frame the Chair’s potential departure as a turning point for the U.S. economy. But if Powell truly is considering stepping down, this doesn’t undercut the thesis that his high-rate policy was part of a broader geopolitical strategy, it actually reinforces it.
The thesis is straightforward but underappreciated: Powell wasn’t just fighting domestic inflation. He was leveraging high rates as a form of geopolitical pressure, tightening global dollar liquidity, pushing up the cost of capital for emerging markets, and forcing BRICS aligned economies to defend their currencies or burn through reserves just as they attempted to build alternatives to the U.S. led financial system. Holding rates high for this long, despite clear signs of disinflation, makes far more sense when viewed through the lens of external containment, not just internal stabilization. If Powell resigns before cutting rates, it suggests his role was to hold the line until external pressure peaked, and then pass the baton before a pivot.
I remain firmly anchored to this thesis because the policy contradictions are too obvious to ignore. If Trump or his administration genuinely wanted Powell to ease, they wouldn’t be layering on new tariffs and trade friction. These tariffs, even if strategically justified introduce short-term inflationary pressure, particularly through consumer goods and supply chain re-routing. That pressure gives Powell cover to delay cutting, not incentive to act. In other words, the very policies being enacted contradict the idea that rate cuts are urgently desired unless the real motive behind holding rates is something other than inflation management.
For Fannie and Freddie, the stakes are more mechanical: they benefit immensely from lower rates. A drop in mortgage rates would unlock refinancing, revive origination volumes, and breathe life back into housing activity. Their public embrace of Powell’s rumored departure reflects institutional desperation for a monetary shift. But that desire does not explain Powell’s strategy, only the fallout from it.
If Powell does resign now, it marks a transition, but not a retreat. It suggests that the geopolitical mission of weaponized rates may be reaching its terminal phase. And the pivot, when it comes, will be framed as domestic relief, but it will be rooted in a global playbook.
XXXXXX engagements
Related Topics powell federal reserve jerome macro endgame