Federal Housing Finance Agency Director Bill Pulte on Wednesday called on Congress to investigate Federal Reserve Chairman Jerome Powell over his Senate testimony on the $2.5 billion renovation of the Fed building.

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.