U.S. House members accuse Federal Reserve Chairman Powell of allegedly committing perjury twice

ChainCatcher news, according to Fox News, U.S. House Representative Anna Paulina Luna has filed criminal charges with the Department of Justice, claiming that Federal Reserve Chairman Powell committed perjury twice.

Luna wrote in her letter: "On June 25, 2025, Powell testified under oath before the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding the renovation of the Federal Reserve's Eccles Building. In his statement, he made several significant false statements."

Luna also stated: "Additionally, in a letter to the Director of the Office of Management and Budget (OMB) Russell Vought, Powell indicated that the change in the project's cost from $1.9 billion to $2.5 billion was insignificant. However, documents reviewed by congressional investigators indicate that the scope and cost overruns of this project are fundamentally and substantially not minor issues." Perjury can result in a maximum of 5 years in prison, in addition to fines. (Jinshi)