Fannie Mae Chairman and Director of the Federal Housing Finance Agency Bill Pulte released a statement calling on Congress to investigate Powell. Pulte suggested that Powell should vacate his role at the Fed because of multibillion-dollar plans to renovate the Federal Reserve building and comments to Congress regarding the upgrades.

Donald Trump is demanding Federal Reserve Chair Jerome Powell resign, accusing him of political bias and damaging economic decisions. The call, posted on Truth Social, reflects ongoing tensions over U.

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