William Pulte, FHFA director and chairman of Fannie Mae and Freddie Mac, released a statement Tuesday accusing Powell of providing deceptive testimony to Congress and suggesting there may be grounds for his removal.

After continuous calls for Federal Reserve Board Chairman Jerome Powell to resign over the past week — at times asking, at times demanding — Federal Housing Finance Agency (FHFA) Director William J. Pulte has called for an investigation into the Fed leader.

Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash interest rates.