Advanced ➔ Results The FedPowell should be investigated by Congress over deceptive testimony, Trump official saysAs White House officials including the president escalate attacks on the central-bank chair, the director of the Federal Housing Finance Agency alleges Powell misled lawmakers a renovation of Fed headquarters in WashingtonPublished: July 2, 2025 at 3:34 p.
ETResizeListen(3 min)Federal Reserve Chair Jerome Powell preparing to testify before the Senate Banking Committee last week.
Photo: Kent Nishimura/Getty ImagesA senior Trump administration official has called for Congress to investigate Federal Reserve chief Jerome Powell, saying his answers to questions from lawmakers last week the central bank’s $2.
5 billion renovation ject were deceptive.
In a post on the social-media platform X, Bill Pulte, the director of the Federal Housing Finance Agency, said Powell could lose his job as a result of the testimony.
In his statement, Pulte didn’t present specific evidence that Powell misled the committee. The Author Greg RobbGreg Robb is a senior reporter for MarketWatch in Washington. Him on Twitter @grobb2000.
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