Powell, Fed and Fannie Mae
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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, DC.
Bill Pulte, the nation's top mortgage regulator, has called for a congressional investigation into Federal Reserve Chair Jerome Powell.
Fueling speculation, Bill Pulte—chair of government-backed lenders Fannie Mae and Freddie Mac—claimed in a post on X that Powell may not finish his term. Pulte has repeatedly called for Powell’s resignation,
Jerome Powell’s cautious rate policy sparks fierce criticism and succession talks, putting his Fed Chair tenure under unprecedented scrutiny.
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
Pulte's Wednesday morning statement comes after he called for Powell to resign on June 19 via several X posts.
The director of the Federal Housing Finance Agency accused the Federal Reserve chair of lying to Congress in testimony about office renovations.
FHFA Director William Pulte demanded that Powell be probed by lawmakers and suggested he could even be fired by President Trump.
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