Congresswoman Luna Refers Powell to DOJ Over Fed Renovation Perjury Allegations

Congresswoman Anna Paulina Luna has escalated the controversy surrounding the $2.5 billion renovation of the Federal Reserve's headquarters by referring Federal Reserve Chairman Jerome Powell to the Department of Justice (DOJ) for a criminal investigation into allegations of perjury. Luna's actions come after she accused Powell of making false statements to Congress regarding the project, which has been criticized for its high cost and alleged inclusion of luxury features.

Luna's referral to the DOJ follows another high-profile political move, indicating a concerted effort to hold Powell accountable for his statements. The congresswoman has been vocal about her concerns, describing the renovation as "crazy" and expressing her belief that Powell's actions warrant a thorough investigation. Powell, however, has denied the allegations, asserting that the changes made to the building did not include any luxury features and that the project was necessary for the Fed's operations.

The referral to the DOJ is a formal request for a criminal investigation, although such referrals by lawmakers are not legally binding. The DOJ will now have to decide whether to pursue the matter further, adding another layer of scrutiny to the already contentious issue. The allegations of perjury have raised questions about the transparency and accountability of the Federal Reserve, an institution that plays a crucial role in the nation's economic policy.

The controversy surrounding the renovation has also sparked calls for a full audit of the Federal Reserve, with some lawmakers demanding greater oversight of the institution's spending and decision-making processes. The situation highlights the ongoing debate over the Fed's independence and the extent to which it should be subject to congressional oversight. As the investigation unfolds, it remains to be seen how the allegations against Powell will impact his leadership and the broader public perception of the Federal Reserve.