Jerome Powell agrees to resign
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Bill Pulte, the nation's top mortgage regulator, has called for a congressional investigation into Federal Reserve Chair Jerome Powell.
The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday.
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
The director of the Federal Housing Finance Agency accused the Federal Reserve chair of lying to Congress in testimony about office renovations.
President Donald Trump said Jerome Powell should “resign immediately” if allegations from an administration official that the Federal Reserve chair misled lawmakers prove true, while deepening his personal attacks against the head of the central bank over interest rate policy.
FHFA Director William Pulte demanded that Powell be probed by lawmakers and suggested he could even be fired by President Trump.
Trump has repeatedly insulted Powell while calling for interest rate cuts. Now the White House is investigating the Fed chair.