A member of Congress has sent to the Department of Justice the name of Federal Reserve chief Jerome Powell, asking for an investigation for his alleged “lying under oath.”
Powell is facing headwinds in his position now as he’s push for leaving interest rates relatively high despite the booming economy, low inflation, and more, under President Donald Trump.
And specifically, he’s come under fire from several interest groups or individuals for the renovation of the agency’s headquarters where the costs have exploded from a planned $1.8 billion to more than $2.5 billion.
A report at Fox News explains U.S. Rep. Anna Paulina Luna, R-Fla., now has referred Powell to the DOJ for investigation, and possible charges.
I have formally referred Jerome Powell to the DOJ for criminal investigation.
Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense— especially from someone tasked… pic.twitter.com/heXcu2YTyX
— Rep. Anna Paulina Luna (@RepLuna) July 21, 2025
BREAKING: Fed Chair Jerome Powell has been officially referred to the DOJ for criminal charges of lying twice under oath. pic.twitter.com/ou0NLJOESt
— Benny Johnson (@bennyjohnson) July 21, 2025
A letter Fox obtained explained Powell is accused of perjury on two separate occasions.
“On June 25, 2025, Chairman Powell provided testimony under oath before the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding the renovation of the Federal Reserve’s Eccles Building. In his statements, he made several materially false claims,” Luna charges.
She described as suspect his claims about lavish amenities as the agency’s Eccles Building.
“Separately, in a letter to the Office of Management and Budget (OMB) Director Russell Vought, Chairman Powell characterized the changes that escalated the cost of the project from $1.9 billion to $2.5 billion as minor. However, documents reviewed by congressional investigators indicate that the scope and cost overruns of this project were neither minor in nature nor in substance,” she said.
She said Powell’s comments about the building and its renovation project are “contradicted by the Federal Reserve’s final submission to the National Capital Planning Commission (NCPC) and by the assertions made in Director Vought’s own original letter to Chairman Powell.”
At issue, the report said, are “a VIP private dining room, premium marble finishes, modernized elevators, water features, and a roof terrace garden” at the project.
The report explained Powell has denied they exist.
Powell, to a trade outlet, has denied accusations of perjury.
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Author: Bob Unruh
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