The president has been angry with Powell over the U.S. central bank's hesitance to succumb to his demand for lowering interest rates.

Sarah Wolak is a mortgage reporter at HousingWire. Previously, she was a writer at National Mortgage Professional, where she produced podcasts, anchored news segments, and contributed to several trade publications. Her work has also appeared in Modern Luxury, Voice of America, and The Day Publishing Company. see full bio

Federal Reserve Chair Jerome Powell is facing calls for a congressional investigation from Federal Housing Finance Agency Bill Pulte, who said Wednesday that Powell misled lawmakers and showed political bias regarding the renovations to the central bank's headquarters in Washington,