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Republican lawmaker reiterates call for probe of Fed's Powell, Fox reports

DISTRICT OF COLUMBIA, JUL 21 – Rep. Luna accuses Fed Chair Powell of lying under oath about $2.5 billion renovation costs and luxury upgrades, seeking DOJ investigation with perjury punishable by up to five years.

  • On Friday, Republican Representative Anna Paulina Luna of Florida referred Jerome Powell to the Department of Justice, alleging he lied under oath about the Fed's renovation costs.
  • On June 25, 2025, Chairman Jerome Powell testified under oath before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Powell denied the inclusion of luxury amenities, according to his sworn testimony.
  • Contradicting Powell's testimony, NCPC documents show different renovation details, with the project overrun by $700 million according to Office of Management and Budget Director Russell Vought.
  • Responding to the referral, Powell sought an independent inspection by the Office of Inspector General; the move increases political pressure on him before his term ends.
  • The referral suggests potential implications for market trust and the independence of the Federal Reserve, as Luna alleges Powell lied under oath, Fox News reports.
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Representative Anna Paulina Luna (R-FL) referred Federal Reserve Chairman Jerome Powell to the Department of Justice (DOJ) to face criminal charges. “These are not minor misrepresentations,” Luna said in a statement. “Chairman Powell deliberately misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious crime, especially when it comes from someone charged with overseeing…

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Madrid. U.S. House Member Anna Paulina Luna formally asked the Department of Justice to open a criminal investigation against Federal Reserve President Jerome Powell for perjury before Congress on account of the renovation of the Fed’s headquarters. “Powell knowingly misled (June 25) both Congress and executive positions on the true nature of a taxpayer-funded project. Lying under oath is a serious crime, especially if it is someone in charge of…

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financialsurvivalnetwork.com broke the news in on Monday, July 21, 2025.
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