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.

“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026.