Federal Reserve Chair Jerome Powell is facing calls for a congressional investigation from Federal Housing Finance Agency Bill Pulte, who said Wednesday that Powell misled lawmakers and showed political bias regarding the renovations to the central bank's headquarters in Washington,

Pulte's Wednesday morning statement comes after he called for Powell to resign on June 19 via several X posts.

President Donald Trump on Wednesday called for Federal Reserve Chair Jerome Powell to step down after the head of Fannie Mae and Freddie Mac demanded Congress launch an investigation into Powell’s recent testimony to lawmakers. “‘Too Late’ should resign immediately!!!” Trump wrote on Truth Social, using his nickname for Powell.