U.S. House Representative Accuses Federal Reserve Chair Powell of Committing Perjury Twice

According to ChainCatcher, Fox News reported that U.S. House Representative Anna Paulina Luna has filed criminal charges with the Department of Justice, alleging that Federal Reserve Chairman Jerome Powell committed perjury on two occasions.

In her letter, Luna wrote: "On June 25, 2025, Powell testified 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 statement, he made several significant false claims."

Luna also stated: "Additionally, in a letter to Russell Vought, Director of the U.S. Office of Management and Budget (OMB), Powell claimed that the increase in the project's cost from $1.9 billion to $2.5 billion was insignificant. However, documents reviewed by congressional investigators indicate that the scope and cost overruns of this project are neither minor nor trivial in nature or substance." Perjury is punishable by a fine and up to five years in prison.