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.

The head of the Federal Housing Finance Agency claimed the Fed chair lied in his characterization of upgrades at the central bank's headquarters.

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.