CBS News Staffers on the Verge of Revolt If This Person Is Hired
He Served 27 Years In Prison for a Murder He Didn't Commit. Now...
Washingtonian Food Editor Says Trump Should Stay Out of D.C. Restaurants
PBS Is Preparing for Layoffs While 'Sesame Street' Shows Them How to Survive
Trump Blames Powell for Weak Jobs Report, Demands Fed Rate Cuts
Inside the 'War Room' Hunting America’s Lost Immigrant Children
Newsom Aims to Sidestep Federal Authority, Sets Up 'West Coast Health Alliance'
Blame It on the Kaine
DOD Calls Out 'Highly Provocative' Move by Venezuela
Emmer Slams Walz Over Deadly Minnesota Church Shooting, Calls for Repeal of Trans...
12 Charged in Illegal Alien Smuggling Ring
Court Reveals Which Items Were Seized During FBI Raid of Bolton’s Home
Polls Show Strong Approval for President Trump As Second Term Gains Momentum
Trump Reverses Biden-Harris H-2A Visa Rules to Ease Farmer Burdens, Boost Rural Economy
Feds Seize Record-Breaking Chemical Haul Meant for Cartel
Tipsheet

Jerome Powell Referred to DOJ for Perjury

AP Photo/Alex Brandon

House GOP ally of President Trump, Representative Anna Paulina Luna (R-FL), is referring Federal Reserve Chair Jerome Powell to the Department of Justice (DOJ) for criminal prosecution alleging two instances where he lied under oath.

Advertisement

The letter to the DOJ, obtained by Fox News Digital, accuses Powell of perjury in two cases. The letter read:

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.

Representative Luna specifically accused him of lying about lavish amenities at the Federal Reserve's Eccles Building, where renovations characterized as minor would cost taxpayers between $1.9 and $2.5 billion. 

The letter continued:

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.

It is 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.

According to those records, the revised plan includes a VIP private dining room, premium marble finishes, modernized elevators, water features, and a roof terrace garden—features that Powell publicly denied existed. While Powell presented the changes as simplifications, the actual project plans suggest the opposite.

Advertisement

Representative Luna had initially announced that she would be seeking criminal charges against Powell last week on X.

Powell has denied all perjury accusations and ordered a formal watchdog investigation into the renovation costs. In an effort to increase transparency, the Federal Reserve website now has a video tour of the renovation and various notes on the proposed plans for renovation.

Getting convicted of perjury may result in five years of jail time plus additional fines.

Representative Luna's push for criminal prosecution against Jerome Powell comes amid President Trump's continued displeasure with the Fed's unwillingness to reduce interest rates. Last week, there were rumors that Powell was going to be fired, but the President denied those rumors.

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.  

Help us continue to report on President Trump's successes. Join Townhall VIP and use promo code FIGHT for 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement