President Donald Trump on Wednesday called for Federal Reserve Chair Jerome Powell to step down after the head of Fannie Mae and Freddie Mac demanded Congress launch an investigation into Powell’s recent testimony to lawmakers. “‘Too Late’ should resign immediately!!!” Trump wrote on Truth Social, using his nickname for Powell.

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.

Social media declaration comes after Federal Housing Finance Agency head accuses Fed chief of lying to lawmakers.