Jerome Powell Criminally Referred for Alleged Perjury About $2.5 Billion Building Renovation

This article originally appeared on The Gateway Pundit and was republished with permission.

Guest post by Cristina Laila

On Thursday, Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, said Fed Chair Jerome Powell may be criminally referred to the Justice Department for alleged perjury about the $2.5 billion building renovation plan.

“I am told by very reliable Congressional sources that there may be a criminal referral coming from one or more Congress members to the DOJ for Jay Powell’s alleged perjury about the $2.5BN building,” Pulte said on X.

An hour later, GOP Rep. Anna Paulina Luna criminally referred Jerome Powell over the renovation insanity.

Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion.

“Powell has asked the central bank’s inspector general to conduct an additional review of the ongoing renovation, CNN previously reported. Last month, some Senate lawmakers grilled Powell over what they depicted as lavish upgrades to its DC headquarters at Powell’s semiannual monetary policy hearing,’ CNN reported.

“The Fed’s renovation project was approved by its board in 2017 and originally cost $1.9 billion in 2019. Construction began in 2021, but the cost swelled to $2.5 billion because of “unforeseen conditions” requiring more spending to rectify, such as “more asbestos than anticipated, toxic contamination in soil, and a higher-than-expected water table,” according to the Fed’s website,” CNN reported.

#ad: Tired of probiotics that do nothing? You’re not alone. Most are weak, overhyped, and barely survive your stomach acid.

Global Healing’s Ultimate Probiotic is built differently.

With 36 powerful probiotic strains and 100 billion CFUs per serving, this formula is stacked to help your gut, digestion, and immune system actually thrive.

Try it for yourself at GlobalHealing.com. Use Coupon Code VFOX for 10% off.

Individual results may vary. These statements have not been evaluated by the FDA.

Try Global Healing’s Ultimate Probiotic

DISCLOSURE: This is an affiliate link. I may earn a commission if you make a purchase here, at no additional cost to you.

President Trump earlier this week said Jerome Powell’s renovation scandal may be enough to fire him as the Fed Chair.

“I can’t imagine why the Fed would need a palace,” Trump said.

WATCH:

Copyright 2025 The Gateway Pundit

Share

The Vigilant Fox

Writer, video clipper, and pro-freedom citizen journalist with 12 years of healthcare experience. I focus on underreported stories that you won’t often find anywhere else.