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Republican lawmaker reiterates call for probe of Fed's Powell, Fox reports
DISTRICT OF COLUMBIA, UNITED STATES, JUL 21 – Rep. Anna Paulina Luna alleges Powell lied about a $2.5 billion Federal Reserve renovation, claiming false testimony about luxury features and cost overruns, prompting a DOJ criminal investigation.
- On June 25, 2025, Federal Reserve Chair Jerome Powell testified officially to the U.S. Senate Committee concerning the $2.5 billion refurbishment of the Fed’s Eccles Building.
- Powell faces accusations from Representative Anna Paulina Luna, who referred him to the DOJ for allegedly lying about the renovation's cost and amenities during his testimony.
- The renovation cost rose from $1.9 billion to $2.5 billion, but Powell described the changes as minor simplifications, while documents show substantial scope and cost overruns.
- Treasury Secretary Scott Bessent revealed that President Trump directed him to restrict debt issuance to short-term maturities of about nine months until a successor to the Federal Reserve chair is appointed, amid discussions of replacing Powell.
- Mounting political and legal pressures on Powell coincide with the administration’s urgent demand for lower interest rates and an improving but still inflation-challenged economy.
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Anna Paulina Luna Refers Fed Chair Jerome Powell to the DOJ for Criminal Charges
(ZeroHedge)—Last week saw President Trump kinda sorta deny reported plans to fire Fed Chair Jay Powell: “We’re not planning on doing it,” he said Wednesday at the White House. “I don’t rule out anything,” he added, “but I think it’s highly unlikely, unless he has to leave for fraud.” But now, that latter comment is coming into play as Rep. Anna Paulina Luna, R-Fla., refers Powell to the Department of Justice (DOJ) for criminal charges, accusing …
GOP’s Luna refers Powell perjury claim to Justice Department
WASHINGTON — Republican Rep. Anna Paulina Luna of Florida has asked the Department of Justice to consider investigating and prosecuting Federal Reserve Chair Jerome Powell for allegedly lying under oath in testimony before a congressional committee. Read more...
Rep. Luna: Fed Chairman Powell Lied About Fed Building Renovations
U.S. Rep. Anna Paulina Luna has referred Federal Reserve Chairman Jerome Powell to the Justice Department for a possible perjury prosecution. ... The post Rep. Luna: Fed Chairman Powell Lied About Fed Building Renovations appeared first on The New American.
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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