Fed Chair Jerome Powell faces DOJ referral over statements on Fed renovations

First on Fox: Representative Anna Paulina Luna, R-Fla., References the president of the Federal Reserve Jerome Powell to the Ministry of Justice (MJ) for criminal accusations, accusing him of two specific cases of sleeping under oath.

Luna accuses Powell of perjury twice, according to a letter to the doj obtained for the first time by Fox News Digital.

This occurs while Trump’s conservative allies continue to demand that Powell, one appointed by Trump himself, be dismissed before the expiration of his mandate in mid-2026.

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Jerome Powell, president of the Governors’ Council of the Federal Reserve System, testifies to the Senate Banks, Housing and Urban Affairs Committee on June 22, 2022 in Washington. (Win McNamee / Getty images)

“On June 25, 2025, President Powell provided testimonies under oath before the American Senate committee on banks, housing and urban affairs concerning the renovation of the Federal Reserve Eccles building. In his statements, he made several materially affirmations,” said Luna’s letter.

More specifically, she accused him of lying on sumptuous equipment to the Eccles building of the Federal Reserve and distorting his state of maintenance.

“Separately, in a letter to the Office of Management and Budget (OMB), the director Russell Vought, President Powell characterized the changes that increased the cost of the $ 1.9 billion project to $ 2.5 billion as minors. However, the documents examined by the Congress investigators indicate that Luna wrote the scope and costs of this project of this project of this project. substance, “wrote Luna.

She said that her declaration that the increase in costs was to simplify construction and avoid new delays was false.

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Representative Anna Paulina Luna, R-Fla., Talls with journalists outside the American Capitol during the last votes of the week on December 12, 2024. (Tom Williams / CQ-Roll Call, included via Getty Images)

“He is contradicted by the final submission of the Federal Reserve to the National Capital Planning Commission (NCPC) and by the claims made in the original letter from Director Vought to President Powell,” Luna wrote.

“According to these files, the revised plan includes a private VIP dining room, high -end marble finishes, modernized elevators, water features and a rooftop garden – parties that Powell denied publicly existed. While Powell presented changes like simplifications, real project plans suggest the opposite.”

She first announced that she would refer to Powell last week on X.

Perjury can be liable to a sentence of up to five years in prison in addition to the fines.

Trade Outlet Mortgage Professional said that Powell had denied all the charges of perjury and led an official survey on the Cost Reduvation Project Project for the Eccles Building Project.

The Federal Reserve website also includes a video visit to the renovation and notes on its plans offered.

Fox News Digital contacted the federal reserve for additional comments but did not immediately hear.

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Luna previously wrote on X that she thought that President Donald Trump would soon dismiss Powell, but that it has not yet been materialized.

Trump attacked Powell for not taking into account his management to lower interest rates. He told journalists that he was “very unlikely” that he would dismiss him.

However, the Republicans and more moderate supporters of Powell argued that dismissing it would create even more instability on the market.