According to BlockBeats, U.S. Representative Anna Paulina Luna has filed criminal charges with the Department of Justice against Federal Reserve Chair Jerome Powell, alleging perjury. Luna claims that Powell made false statements during his testimony before the Senate Committee on Banking, Housing, and Urban Affairs on June 25, 2025, regarding the renovation of the Federal Reserve's Eccles Building.
In her letter, Luna stated that Powell's testimony included several significant falsehoods. She further alleged that Powell, in a letter to Russell Vought, Director of the Office of Management and Budget, downplayed the increase in the project's cost from $1.9 billion to $2.5 billion as insignificant. However, documents reviewed by congressional investigators suggest that the project's scope and cost overruns are substantial and not trivial.
Perjury charges can result in fines and a maximum prison sentence of five years.