🇺🇸 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 Chairman Jerome Powell for political bias and lying before Congress
🔸 He accuses Powell of lying about the $2.5 billion headquarters renovation scandal
🔸 Senator Cynthia Lummis stated that Powell made false statements about the Fed's luxury dining room, elevators, and rooftop
🔸 Director Bill Pulte believes this indicates poor management and an arrogant attitude
🔸 He believes Powell's actions are serious enough to warrant removal "for cause"
🔸 He urges Congress to take immediate action
🔸 Director Bill Pulte also recently directed Fannie Mae and Freddie Mac to consider crypto as a valid asset when assessing mortgage loan risk 🏠
Note: Under U.S. law, the Fed Chairman has a 4-year term and can only be removed by the President "for cause" (not at will), meaning there must be serious misconduct or negligence. Congress can investigate and recommend removal, and the President can take action.$BTC