Fed Chair Jerome Powell Faces DOJ Criminal Referral Amid Perjury Allegations

Federal Reserve Chair Jerome Powell has been referred to the Department of Justice on criminal charges following allegations of perjury by Congresswoman Anna Paulina Luna. The Florida Republican accuses Powell of making false statements under oath regarding renovations to the Federal Reserve’s Eccles Building, including misrepresentations about cost overruns and lavish amenities.

The referral, detailed in a letter obtained by Fox News, claims Powell’s testimony before the Senate Banking Committee contained materially false claims. Documents reviewed by congressional investigators contradict his characterization of the project’s escalating costs as "minor," with expenses ballooning from $1.9 billion to $2.5 billion.

This development intensifies scrutiny on Powell, who was already under fire for the Fed’s handling of monetary policy amid market volatility. The allegations could further destabilize confidence in central bank leadership at a critical juncture for financial markets.