Fed chief Jerome Powell accused of criminally lying under oath: report
MAGA Rep. Anna Paulina Luna (R-FL) has referred Fed Chairman Jerome Powell to the Department of Justice on two criminal counts of lying under oath, according to Fox News Digital.
The outlet first reported Luna's accusations after obtaining her letter to the DOJ. It reads, in part,
"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," Luna's letter said.
Luna went on to accuse Powell of "lying about lavish amenities at the Federal Reserve's Eccles Building and misrepresenting its state of maintenance," according to the report.
President Donald Trump has floated the idea of firing Powell over fraud allegations regarding the building project. Trump has been upset with Powell, his own appointee, for failing to lower interest rates according to his instruction.
According to Fox News Digital, "Trade outlet Mortgage Professional reported that Powell denied all accusations of perjury and has directed a formal watchdog probe into renovation project costs of the Eccles Building."