🇺🇸 FHFA CALLS FOR INVESTIGATION OF FED CHAIR POWELL

🔸 Director of the Federal Housing Finance Agency (FHFA) Bill Pulte is calling on Congress to investigate Fed Chair Jerome Powell for political bias and lying before Congress

🔸 He accuses Powell of lying about the $2.5 billion headquarters renovation scandal

🔸 Senator Cynthia Lummis stated that Powell made false statements about the Fed's luxurious dining room, elevators, and rooftop

🔸 Director Bill Pulte believes this reflects poor management and an arrogant attitude

🔸 He believes Powell's actions are serious enough to warrant removal “for cause”

🔸 He demands that Congress act immediately

🔸 Director Bill Pulte also recently instructed Fannie Mae and Freddie Mac to consider crypto as a valid asset when assessing the risk of mortgage loans 🏠

Note: According to U.S. law, the Fed Chair serves a 4-year term and can only be removed by the President “for cause” (not at will), meaning there must be serious misconduct or negligence. Congress can investigate and recommend removal, and the President can take action.