Trump Official To Congress: Investigate Jerome Powell

Politico reports:

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.” 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 the full article. Pulte appeared here last week when he ordered banks to accept cryptocurrency as an asset when considering applicants for mortgages.