Home > Quick > Body

Trump has found a new route to pressure Powell to resign

clock
2025-07-02 22:55:05
Pulte, the head of the Federal Housing Finance Agency, has called on Congress to investigate Federal Reserve Chairperson Jerome Powell, calling his recent Senate testimony on the Fed's plans to renovate its headquarters "deceptive". Pulte said: "I ask Congress to investigate Powell, his political bias and his deceptive Senate testimony - sufficient to constitute'just cause 'to remove him from office." Pulte's report on the matter was retweeted by Trump and said Powell should resign immediately. Following media reports that the cost of the Fed's headquarters renovation project was rising and included a number of luxurious designs. At a Senate hearing last week, Powell refuted parts of the report, saying it was "misleading and untrue in many ways".
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.