Fed Chair Should Be Investigated by Congress, FHFA Head Says

Bill Pulte, who leads the Federal Housing Finance Agency, called on Congress to investigate Federal Reserve Chair Jerome Powell, alleging that his recent testimony to the Senate about the central bank’s planned renovations to its headquarters was “deceptive.”

“I am asking Congress to investigate Chairman Jerome Powell, his political bias, and his deceptive Senate testimony, which is enough to be removed ‘for cause,’” Pulte said Wednesday in a post on social media platform X, alleging that Powell made inaccurate statements without providing evidence.