The US Housing Chairman, Chairman of the Federal Reserve Powell, strikes with an abuse of $ 2.5 billion – here is the reason
A new battle is a heating in Washington. The US Federal Housing Agency wants William J. Boltti is to discuss Congress at the President of the Federal Reserve Jerome Powell. Powell says to give what he says is wrong information and misuse of public funds of $ 2.5 billion. This can cause a major problem with the federal reserve as the economy is still fragile.
So, what is really behind this new claim?
Pulte indicates his finger at $ 2.5 billion to renew the Federal Reserve
In a recent tweet, Powell says Powell was not honest with the Senate about $ 2.5 billion for the headquarters of the Federal Reserve.
He claims that Powell has hidden the truth about luxury additives, such as the private dining room, elevators, sheets, water features and even a ceiling balcony. Bolly says these privileges are a waste of money at a time when people struggle with the high borrowing costs.
Pulte believes that this is unfair when people pay a high benefit on their loans and homes.
A call to Congress to take action
According to Bolti, “political bias” and “mismanagement” of the height of the Congress are dangerous for the Congress to consider its removal “for the issue.” Senator Sinatia Lomes, who said that Powell made “realistically wrong” allegations about the same project.
She says this shows a “do not bother me” position that the Federal Reserve Chairman has shown before.
Polly wants to intervene and verify if Powell has broken any rules. He says this is not just a waste spend, but rather a “bad behavior” that can be a reason to remove the first of his job.
Senator Cinemia Lomes agrees. She said Powell gave the wrong facts about the building when asked. This indicates that the Federal Reserve Speaker is not interested in using money wisely.
Trump opposite Powell – old tension
This is not the first time that Powell is in hot water. For several months, former President Donald Trump and his allies criticized Powell for not lowering interest rates quickly.
They argue that high rates make borrowing expensive and harm the housing and economy market.
Trump even looked at the shooting of Powell, but the Supreme Court intervened and protects the function of the Federal Reserve Chairman.
At the present time, Powell did not say much. He still wants to keep their prices fixed to combat inflation before making discounts. But pushing Polly can put more pressure on it.
