Fed Chair Jerome Powell has sparked persistent criticism from President Trump for delaying interest rate cuts. Now, another U.S. official is breathing down his neck.
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“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,'” said Director of the Federal Housing Finance Agency (FHFA) Bill Pulte, who is also the Chairman of Fannie Mae (FNMA) and Freddie Mac (FMCC).
Pulte Calls Out Powell’s Multi-Billion Dollar Fed HQ Renovation
Powell testified to Congress last month about the central bank’s Washington, D.C. headquarters renovation, with reports claiming that it would cost $2.5 billion. He denied any excessive features, like marble floors, roof terrace gardens, and VIP dining rooms. Powell stressed that the renovations were necessary in order to enhance safety and waterproofing measures.
“Powell’s $2.5B Building Renovation Scandal stinks to high heaven, and he lied when asked about the specifics before Congress,” claims Pulte. “This is nothing short of malfeasance and is worthy of ‘for cause.'”
The Fed Chair has not yet issued a response to Pulte’s investigation request.
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