- U.S. Congresswoman Anna Paulina Luna has filed a criminal referral with the Department of Justice against Federal Reserve Chair Jerome Powell.
- Luna accuses Powell of perjury related to testimony about renovations at the Federal Reserve’s Eccles Building.
- The allegations state Powell misrepresented the scale and cost of renovations, including denying luxury features that documents say exist.
- President Donald Trump has also criticized Powell and considered removing him as Fed Chair.
- If found guilty, Powell could face up to five years in prison and fines, and his role at the Federal Reserve is at risk.
On July 21, 2025, U.S. Congresswoman Anna Paulina Luna filed a criminal referral with the Department of Justice against Federal Reserve Chair Jerome Powell. Luna accuses Powell of perjury during sworn testimony before the Senate Banking, Housing, and Urban Affairs Committee. The allegations focus on statements made by Powell on June 25, 2025, regarding the renovation of the Federal Reserve’s main office, the Eccles Building.
According to Luna’s letter, Powell claimed under oath that improvements to the building were minor, even though costs rose from $1.9 billion to $2.5 billion. Luna also alleges Powell misrepresented the inclusion of luxury features such as a VIP dining room, marble finishes, modernized elevators, water features, and a rooftop terrace, which Powell publicly denied. Documents reviewed by congressional investigators, Luna says, contradict Powell’s statements.
In a separate letter to the Office of Management and Budget, Powell described the cost changes as minor. Luna’s letter disputes this, stating, “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.” Luna also points out that both the Federal Reserve’s communications and the Office of Management and Budget’s records do not align with Powell’s testimony.
These accusations arise as Powell faces increased criticism from President Donald Trump, who has recently drafted a letter to remove Powell and called for his resignation over disagreements with interest rate management. Although Trump said he had no current plans to fire Powell, rising pressure on the Fed Chair continues.
If convicted of perjury, Powell could serve up to five years in prison and face financial penalties. The developments create uncertainty over his future as the head of the U.S. central bank.
For more information, refer to the Fox News report and view the official post by Watcher.Guru here.
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