The overseer of Fannie Mae and Freddie Mac called Wednesday for Congress to investigate Federal Reserve Chair Jerome Powell, accusing the central bank chief of lying to Congress.

In a Wednesday statement, Federal Housing Finance Agency (FHFA) Director Bill Pulte accused Powell of lying to lawmakers during testimony before the Senate Banking Committee last week.

Pulte said Powell lied to members of the Banking panel when answering questions about renovations to the Fed's Washington, D.C., headquarters, which have drawn criticism from Republican lawmakers.

When pressed by senators on the Fed's alleged $2.5 billion renovation plan, Powell said some of the more fanciful inclusions were part of older plans and have since been scrapped. Others costs, such as repairing elevators that go directly to........

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