Jerome Powell has just been referred to the DOJ for criminal charges for perjury related to his $2.5 billion “renovation” to the Federal Reserve Building

Rep. Anna Paulina Luna (R-Fla.) has formally referred Federal Reserve Chair Jerome Powell to the Department of Justice for potential criminal prosecution, alleging that he committed perjury on two separate occasions.

According to a letter obtained by Fox News Digital, Luna contends that Powell made knowingly false statements under oath, prompting her to request DOJ action.

This development adds to mounting pressure from Trump-aligned conservatives who are calling for Powell’s removal before the scheduled end of his term in 2026 — despite his own appointment by former President Trump.

During sworn testimony before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025, Powell reportedly made what Luna described as “materially false statements” concerning the renovation of the Federal Reserve’s Eccles Building in Washington, D.C.

Luna asserts that Powell misled lawmakers about the presence of luxury features in the renovation project, downplaying the scope of the upgrades and mischaracterizing the facility’s condition. She also accuses Powell of minimizing the reasons behind a significant cost increase — from $1.9 billion to $2.5 billion — in correspondence with Office of Management and Budget Director Russell Vought.

In her letter, Luna states that Powell’s explanation — that the changes were minor and meant to streamline construction and reduce delays — is contradicted by official project documents reviewed by congressional investigators.

Those documents, she says, reveal the inclusion of upscale features like a private VIP dining room, enhanced marble detailing, updated elevators, water elements, and a rooftop garden — all amenities that Powell allegedly denied existed.

Luna’s claims are also supported, she wrote, by earlier statements from Director Vought and filings submitted by the Fed to the National Capital Planning Commission.

She initially announced her intent to refer Powell on X (formerly Twitter) last week.

Perjury charges, if pursued, can carry penalties of up to five years in prison along with potential fines.

In response, Powell has denied all allegations, and the Federal Reserve has reportedly initiated an internal watchdog review of the Eccles Building renovation costs. The Fed’s website now includes a video walkthrough and additional information about the updated plans.

Fox News Digital noted it reached out to the Federal Reserve for comment but had not received a response at the time of reporting.