#JeromePowell

🚨 BREAKING: Fed Chair Jerome Powell Faces Criminal Referral Over Perjury Claims 🚨

Rep. Anna Paulina Luna (R-FL) has referred Federal Reserve Chair Jerome Powell to the DOJ for alleged perjury, accusing him of lying under oath about the $2.5B renovation of the Fed’s Eccles Building. The claims stem from Powell’s June 25 testimony before the Senate Banking Committee and a letter to the OMB, where he allegedly misrepresented cost increases and project details.

Perjury charges could bring up to 5 years in prison. This move aligns with President Trump’s push for a 300-basis-point rate cut, as he continues to criticize Powell for resisting. Despite a 56.1% chance of a September rate cut per CME FedWatch, no change is expected at the July 30 FOMC meeting due to strong US job data.