GOP Hits Powell With Perjury?

WASHINGTON, D.C. — A major political firestorm is brewing in the nation’s capital as Rep. Anna Paulina Luna (R-FL) calls for a formal Department of Justice investigation into Federal Reserve Chair Jerome Powell for allegedly lying under oath and misleading federal officials.

Luna submitted the criminal referral to Attorney General Pam Bondi over the weekend, demanding accountability at the highest level of financial power.

$2.5 Billion Renovation Under Scrutiny

At the heart of the scandal is the massive $2.5 billion taxpayer-funded renovation of the Federal Reserve’s Eccles Building. During sworn testimony on June 25 before the Senate Banking Committee, Powell denied that luxury amenities — including a VIP dining hall, lavish marble features, decorative water installations, and a rooftop garden — were part of the plans.

However, official documents filed with the National Capital Planning Commission directly contradict Powell’s claims.

Budget Bloated, Truth in Question

Adding fuel to the fire, the project’s budget has reportedly ballooned by $600 million — sparking outrage among fiscal conservatives and watchdog groups. Luna noted that Powell’s statement that the building had “never had” a major renovation was also false, as records show a significant overhaul between 1999 and 2003.

“These are not innocent mistakes,” Luna said. “This is about a top financial official giving false testimony about how billions in taxpayer dollars are being spent.”

Perjury Allegations Raise Serious Questions

Rep. Luna warned that if Powell intentionally misled Congress, it could constitute perjury — a federal crime with serious implications.

“Lying under oath is unacceptable,” Luna stated. “The American people expect honesty from those entrusted with managing our monetary system — not deception and cover-ups.”

Conservatives Demand Answers, Not Excuses

Luna’s call for an investigation comes as more Americans grow frustrated with unchecked government spending and elite institutions operating without accountability.

“Taxpayers have a right to know the truth. When billions are being spent behind closed doors, and federal officials are caught contradicting official records, the Department of Justice must act,” Luna declared.

What’s Next for Powell and the Fed?

As the DOJ weighs Luna’s referral, questions are mounting about Powell’s future and whether deeper problems exist within the Federal Reserve’s leadership. For conservatives pushing for transparency and fiscal discipline, this investigation could become a defining moment.

Stay tuned as this story develops — because when elites play with your money, someone needs to blow the whistle.