Jerome Powell, Fed
Digest more
A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington,
Bill Pulte, the nation's top mortgage regulator, has called for a congressional investigation into Federal Reserve Chair Jerome Powell.
Trump, who has repeatedly slammed Powell over his unwillingness to slash interest rates, added that his nemesis “should resign immediately” if the investigation proves he misled
Fannie Mae Chairman and Director of the Federal Housing Finance Agency Bill Pulte released a statement calling on Congress to investigate Powell. Pulte suggested that Powell should vacate his role at the Fed because of multibillion-dollar plans to renovate the Federal Reserve building and comments to Congress regarding the upgrades.
FHFA Director William Pulte demanded that Powell be probed by lawmakers and suggested he could even be fired by President Trump.
The director of the Federal Housing Finance Agency accused the Federal Reserve chair of lying to Congress in testimony about office renovations.