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

BlockBeats News, July 22, according to Fox News, U.S. House Representative Anna Paulina Luna has filed criminal charges with the Department of Justice, alleging that Federal Reserve Chair Powell committed perjury twice.

In the 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 Eccles Building of the Federal Reserve. In his testimony, he made several material false statements."

Luna also stated: "Additionally, in a letter to the Director of the U.S. Office of Management and Budget (OMB) Russell Vought, Powell claimed that the change 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 of this project and the cost overrun are not minor in nature or substance." Perjury is punishable by a fine and up to 5 years in prison. (Sina Finance)