As White House officials including the president escalate attacks on the central-bank chair, the director of the Federal Housing Finance Agency alleges Powell misled lawmakers about a renovation of Fed headquarters in Washington.

Bill Pulte, who leads the Federal Housing Finance Agency, called on Congress to investigate Federal Reserve Chair Jerome Powell, alleging that his recent testimony to the Senate about the central bank’s planned renovations to its headquarters was “deceptive.

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,