William J. Pulte, the Director of U.S. Federal Housing and Chairman of Fannie Mae and Freddie Mac, has called on the U.S. Congress to investigate Federal Reserve Chair Jerome Powell. Pulte alleges that Powell exhibited political bias and provided deceptive testimony to the Senate, particularly regarding the Federal Reserve's $2.5 billion renovation of its headquarters in Washington, D.C. Pulte has stated that these issues could warrant Powell's removal "for cause." The call for investigation follows Pulte's earlier public demands for Powell's resignation and criticism of Powell's policies, including maintaining high borrowing costs. The Federal Housing Finance Agency (FHFA), under Pulte's leadership, has formally urged Congress to launch this probe. The controversy centers on Powell's testimony about the central bank's extensive headquarters renovation, which critics claim was misleading. Pulte and other officials argue that Powell's actions have caused harm to millions of homeowners and buyers. The issue has gained attention across multiple platforms and media outlets, highlighting increasing scrutiny of Powell's leadership at the Federal Reserve.
If lower interest rates stole the American Dream and manufactured inequality. Pulte is begging for the Federal Reserve to destroy the dreams of young families and create more inequality.
Quantitative Easing is like welfare, but for rich people.
The cornerstone to the Federal Reserve is a mostly fake perception that they're independent. Bill calling them out will only make the pretend harder