Federal Housing Finance Agency director demands Congress investigate Jerome Powell

Federal Housing Finance Agency Director Bill Pulte on Wednesday called on Congress to investigate Federal Reserve Chairman Jerome Powell over his Senate testimony on the $2.5 billion renovation of the Fed building.

Pulte, who is also the chairman of Fannie Mae and Freddie Mac, made the announcement on X a week after Powell’s Senate testimony about the renovation, which prompted Sen. Tim Scott (R-SC) to say the building looks like the “Palace of Versailles.”