Rep. Luna Refers Federal Reserve Chair Powell to DOJ for Perjury Investigation
Rep. Anna Paulina Luna referred Federal Reserve Chair Jerome Powell to the Department of Justice for criminal charges and a perjury investigation, alleging false claims about Federal Reserve building upgrades during Senate testimony.
Overview
- Rep. Anna Paulina Luna has formally referred Federal Reserve Chair Jerome Powell to the Department of Justice for investigation.
- The referral seeks criminal charges and a perjury investigation against Powell, specifically for alleged false claims made during his congressional testimony.
- Luna accuses Powell of making false statements about reported luxury upgrades to the Federal Reserve's Eccles Building, denying such improvements occurred.
- The perjury accusation stems from Powell's testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding project documents.
- Rep. Luna alleges that Powell knowingly misled both Congress and executive branch officials by providing inaccurate information about the building projects.
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FAQ
Rep. Luna accused Powell of denying the existence of luxury amenities in the Federal Reserve Eccles Building renovation project, such as a VIP dining room, new marble finishes, special elevators, water features, and a roof terrace garden, claims that were contradicted by project documents.
The renovation project was initially estimated at $1.9 billion but has risen to about $2.5 billion.
Powell stated that the buildings required significant structural repairs including removal of asbestos and lead contamination, and replacements of outdated systems such as electrical, plumbing, heating, ventilation, air conditioning, and fire detection/suppression. He also said that changes to plans were minor and aimed at simplifying construction and reducing delays and cost increases.
Under federal law, the Federal Reserve has authority over its buildings and their renovations. Powell explained the Fed also voluntarily submitted designs for approval and engaged collaboratively with the National Capital Planning Commission (NCPC).
The referral to the Department of Justice seeks a criminal perjury investigation against Powell for allegedly making materially false statements during his congressional testimony about the Federal Reserve building renovations.
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