Republican Lawmaker Accuses Fed’s Powell of Lying to Congress

Powell faces perjury allegations tied to undisclosed luxury upgrades at Fed HQ GOP pressure mounts on Powell amid conflict over rates and renovation disclosures Fed launches transparency steps as Luna urges DOJ probe into Powell’s testimony Federal Reserve Chair Jerome Powell is now facing a formal criminal referral filed by Rep. Anna Paulina Luna, a Florida Republican and ally of President Trump. The referral, sent to the Department of Justice, accuses Powell of lying under oath to Congress on two separate occasions. This move marks a significant escalation in the political pressure from conservatives who are demanding Powell’s removal before his term ends in 2026. Although originally a Trump appointee, Powell is now viewed by many within the president’s circle as a political obstacle on monetary policy. Referral alleges Powell misled Congress Luna’s criminal referral centers on Powell’s testimony regarding the ongoing renovation of the Federal Reserve’s Eccles Building. According to a Fox News report, Powell claimed during his statements that the project involved only basic updates without extravagant features. However, documents subm… The post Republican Lawmaker Accuses Fed’s Powell of Lying to Congress appeared first on Coin Edition .

Source: Coin Edition