Rep. Anna Paulina Luna Refers Federal Reserve Chair Jerome Powell for Criminal Investigation Over False Testimony
FOR IMMEDIATE RELEASE
Washington, D.C. — On Saturday July 19th, 2025, U.S. Representative Anna Paulina Luna (FL-13) formally submitted a referral to Attorney General Pam Bondi requesting a Department of Justice investigation into Federal Reserve Chairman Jerome H. Powell for potential perjury and making false statements to federal officials.
The referral cites Powell’s sworn testimony before the Senate Banking Committee on June 25, 2025, in which he denied the inclusion of luxury features— such as a VIP dining room, premium marble, water features, and a roof terrace garden— in the controversial $2.5 billion renovation of the Federal Reserve’s Eccles Building. However, official project documents submitted to the National Capital Planning Commission directly contradict his statements.
Powell also falsely claimed that the Eccles Building “never had” a serious renovation, despite a major overhaul between 1999 and 2003. Additionally, correspondence between Powell and former OMB Director Russell Vought mischaracterized the nature and scale of the project changes that ballooned the renovation budget by $600 million.
“These are not minor misstatements,” said Rep. Luna. “Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense— especially from someone tasked with overseeing our monetary system and public trust.”
The referral cites potential violations of:
• 18 U.S.C. § 1621 (Perjury)
• 18 U.S.C. § 1001 (False Statements)
Rep. Luna is calling on the Department of Justice to confirm receipt of the referral and to open a formal investigation into whether Chairman Powell’s actions meet the statutory thresholds for criminal prosecution.
“The American people deserve transparency— not deception— especially when billions of dollars and institutional integrity are at stake,” Luna added.
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To view a copy of Rep. Luna’s letter to Attorney General Bondi, you can click here.
Website: luna.house.gov | X: @RepLuna | Instagram: @RepLuna
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