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Jerome Powell involved in a financial scandal?
Anna Paulina Luna has just taken legal action for perjury against the head of the Fed.
The accusations?
Lying under oath about the luxurious renovations of the Fed headquarters.
Powell allegedly concealed:
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Private VIP dining room
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Premium marble finishes
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Rooftop terrace garden
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Decorative "water elements"
The cost exploded from 1.9 to 2.5 billion. Powell claimed to be "simplifying" the construction.
Documents prove otherwise.
Obviously, the stakes are primarily political; Trumpâs allies want his head.
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Official reason? Perjury (up to 5 years in prison).
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Real reason? Powell refuses to lower interest rates.
Powell denies everything and initiates an internal investigation. Website updated with a virtual tour of the renovations.
An open war between the White House and the Fed. The independence of the American central bank has never been more threatened.