Chairman Jerome Powell faces serious allegations regarding political bias and deceptive testimony before Congress, prompting calls for an investigation. Specific accusations include his handling of a $2.5 billion renovation scandal and making inaccurate statements about the Federal Reserve's amenities. Senator Cynthia Lummis has criticized Powell's behavior, describing it as reflective of mismanagement and a dismissive attitude. Calls for Powell's resignation follow the Fed's recent decision to maintain interest rates, with suggestions that lowering them could benefit the housing market.
I am asking Congress to investigate Chairman Jerome Powell, his political bias, and his deceptive Senate testimony, which is enough to be removed for cause.
Jerome Powell's $2.5B in capitalizations of Building Renovation Scandal stinks to high heaven, and he lied when asked about the specifics before Congress.
As Senator Cynthia Lummis said, he made a number of factually inaccurate statements to the Committee regarding the Fed's plush private dining room and elevator.
Chairman Powell needs to be investigated by Congress immediately.
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