Federal housing director calls for investigation into Fed Chair Jerome Powell — and for his removal

U.S. Federal Housing Finance Agency Director William Pulte called for a congressional investigation into Jerome Powell, the chairman of the Federal Reserve, and for his removal from the position.

President Donald Trump has been rhetorically attacking Powell for many months over his refusal to lower interest rates, despite inflation nearing the limit that Powell had set for lowering rates. Powell has previously said that he will not step down as chair if the president asks.

‘All inflation forecasts for the United States went up materially as a consequence of the tariffs. We didn’t overreact; in fact, we didn’t react at all.’

Pulte pointed to reports of the $2.5 billion renovation of the Fed’s headquarters in Washington, D.C., to demand the investigation.

“I am asking Congress to investigate Chairman

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