FHFA Director calls on Congress to investigate Federal Reserve Chairman Powell, Trump urges him to resign

ChainCatcher news, according to Jinshi Data reports, the Director of the Federal Housing Finance Agency (FHFA) Pulte has called on Congress to investigate Federal Reserve Chairman Powell, stating that his recent testimony regarding the Federal Reserve headquarters renovation plan in the Senate was "deceptive." Pulte stated, "I request Congress to investigate Powell, to investigate his political bias and the deceptive Senate testimony—these are sufficient to constitute 'just cause' for his removal."

Pulte's report on this matter was retweeted by Trump, who stated that Powell should resign immediately. Previously, media reports indicated that the costs of the Federal Reserve headquarters renovation project have been continuously rising and include multiple luxury designs. During last week's Senate hearing, Powell rebutted some of the claims in the reports, stating that they were "misleading and untrue in many respects."