Referral of Jerome Powell for investigation in July 2025.
The reason for this referral is accusations of "perjury" and providing "false statements" to federal officials. Specifically, Republican Representative Anna Paulina Luna has filed a formal referral to the Department of Justice alleging that Powell lied under oath regarding the renovation of the Federal Reserve's "Eagles" building. The allegations include his denial of the existence of luxury features such as a VIP dining room, luxurious marble, water features, and a rooftop garden, as well as misleading regarding the nature and extent of the project changes that led to a budget increase of $600 million.
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