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Trump has found a new route to pressure Powell to resign

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2025-07-02 22:26:42
On July 3rd, Pulte, the head of the Federal Housing Finance Agency (FHFA), called on Congress to investigate Federal Reserve Chairperson Jerome Powell, calling his recent testimony to the Senate on the Fed's headquarters renovation plan "deceptive". Pulte said: "I ask Congress to investigate Powell, investigate his political bias and deceptive Senate testimony - these are sufficient'good cause 'to remove him from office." Pulte's report on the matter was retweeted by Trump and said Powell should resign immediately. Earlier, media reports said the cost of the Fed headquarters renovation project was rising and included a number of luxurious designs. At a Senate hearing last week, Mr. Powell dismissed parts of the report as "misleading and untrue in many ways."
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