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FHFA Head Calls for Congress Investigation into Powell

Source: Fed Chair Should Be Investigated by Congress, FHFA Head Says (2025-07-03)

Federal Housing Finance Agency (FHFA) Director Sandra Thompson has urged Congress to investigate Federal Reserve Chair Jerome Powell, accusing him of actions that could threaten the stability of the housing market. Thompson's comments come amid ongoing concerns about the Fed's monetary policies and their impact on mortgage rates and housing affordability. Thompson criticized Powell for what she described as a lack of transparency and potential overreach in the Fed's recent interest rate hikes, which have contributed to rising borrowing costs. She emphasized the need for congressional oversight to ensure that the Federal Reserve's decisions do not adversely affect the housing sector or undermine financial stability.

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