Trump's top housing regulator calls on Congress to investigate Powell
Source: Politico
07/02/2025 02:15 PM EDT
Updated: 07/02/2025 05:02 PM EDT
Washington’s top housing regulator is escalating his fight against Federal Reserve Chair Jerome Powell, calling on Congress to investigate the central banking chief.
Federal Housing Finance Agency Director Bill Pulte, who has increasingly complained that high borrowing costs are damaging the housing market, pressed lawmakers on Wednesday to probe Powell’s alleged “political bias” as well as his recent Senate testimony about the renovation of the Fed’s headquarters. Pulte claimed in a statement that Powell lied to lawmakers last week in his characterization of upgrades at the nearly century-old headquarters, which Powell said was in need of “serious renovation.”
“This is nothing short of malfeasance and is worthy of ‘for cause’” removal, Pulte said in the statement, which was shared by his X account. “Chairman Powell needs to be investigated by Congress immediately.”
Pulte’s attacks have echoed President Donald Trump’s own criticism of the Fed chair, whom he has taken to calling “Too Late” in lowering interest rates.
Read more: https://www.politico.com/news/2025/07/02/trump-housing-regulator-powell-fed-congress-investigate-00437374
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Moron should know that mortgages are based off the interest rate on the 10 year T-bill. Powell has less than shit to do with setting the interest rate on those: the market does.
Goddamn, I hate these people.
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