Florida Rep. Anna Paulina Luna (R-FL) formally referred Federal Reserve Chairman Jerome Powell to the Department of Justice for criminal investigation on Saturday, escalating what has become a growing MAGA-driven scrutiny of the Federal Reserve.
In a post to X, Luna accused Powell of “knowingly misleading Congress and the executive branch” under oath during recent testimony about luxury renovations to the Federal Reserve’s historic Eccles Building in Washington, D.C.
“Lying under oath is a serious offense—especially from someone tasked with overseeing our monetary system and public trust,” Luna wrote.
The Allegations: Lavish Renovations, Misleading Claims
Luna’s referral stems from Powell’s June 25, 2025, testimony before the Senate Banking Committee, during which he claimed there were no extravagant amenities being added to the Eccles Building renovation.
Among Powell’s claims:
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“There’s no VIP dining room.”
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“There’s no new marble.”
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“There are no special elevators… no new water features… no roof terrace gardens.”
But according to Luna, nearly all of these features are in fact part of the renovation plans, contradicting Powell’s sworn statements. The only claim she concedes is accurate is the exclusion of beehives.
Luna also disputed Powell’s assertion that the building had never undergone a major renovation, citing a comprehensive $50 million update from 1999 to 2003.
“Powell presented the changes as simplifications,” Luna wrote. “The actual project plans suggest the opposite.”
Legal Referral to Attorney General Bondi
In a letter to Attorney General Pam Bondi, Luna formally requested a criminal investigation into Powell’s testimony.
“If Chairman Powell knowingly misrepresented these facts… such actions may constitute perjury or materially false statements under federal law,” she wrote.
Luna also posted the full letter to X, reinforcing her claim that accountability is needed for high-ranking officials who mislead the public and Congress.
