{"id":46434,"date":"2025-07-19T13:45:07","date_gmt":"2025-07-19T10:45:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=46434"},"modified":"2025-07-19T13:46:34","modified_gmt":"2025-07-19T10:46:34","slug":"criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj\/","title":{"rendered":"Criminal Referral for Fed Chair Powell: Congress Sends Allegations to the DOJ"},"content":{"rendered":"<p data-start=\"313\" data-end=\"703\"><strong data-start=\"313\" data-end=\"332\">Federal Reserve<\/strong> Chair <strong data-start=\"339\" data-end=\"356\">Jerome <a href=\"https:\/\/coinengineer.net\/blog\/fed-chair-succession-process-trump-influence\/\">Powell<\/a><\/strong> is facing serious accusations from members of the U.S. Congress over a controversial $2.5 billion renovation project for the Fed\u2019s Washington D.C. headquarters. Lawmakers allege that Powell may have provided <strong data-start=\"565\" data-end=\"595\">false testimony<\/strong> under oath, prompting a formal referral to the <strong data-start=\"632\" data-end=\"663\">Department of Justice (DOJ)<\/strong> for a potential criminal investigation.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj\/#The_25_Billion_Federal_Reserve_Renovation_Under_Fire\" title=\"The $2.5 Billion Federal Reserve Renovation Under Fire\">The $2.5 Billion Federal Reserve Renovation Under Fire<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj\/#Representative_Lunas_DOJ_Referral_%E2%80%9CMisleading_Under_Oath%E2%80%9D\" title=\"Representative Luna&#8217;s DOJ Referral: \u201cMisleading Under Oath\u201d\">Representative Luna&#8217;s DOJ Referral: \u201cMisleading Under Oath\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj\/#Independence_vs_Oversight_Feds_Role_Under_Scrutiny\" title=\"Independence vs. Oversight: Fed\u2019s Role Under Scrutiny\">Independence vs. Oversight: Fed\u2019s Role Under Scrutiny<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"705\" data-end=\"763\"><span class=\"ez-toc-section\" id=\"The_25_Billion_Federal_Reserve_Renovation_Under_Fire\"><\/span>The $2.5 Billion Federal Reserve Renovation Under Fire<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"765\" data-end=\"1125\">The issue came to light after the Director of the <strong data-start=\"815\" data-end=\"856\">Federal Housing Finance Agency (FHFA)<\/strong> disclosed concerns regarding the scope and cost of the Federal Reserve&#8217;s renovation project. Critics argue that the funding and project details were misrepresented during Powell&#8217;s congressional testimony, potentially misleading lawmakers about its necessity and scale.<\/p>\n<p data-start=\"1127\" data-end=\"1402\">At the heart of the controversy is the belief that Powell <strong data-start=\"1185\" data-end=\"1222\">withheld or distorted information<\/strong> regarding the luxury features and scale of the project. This has led several lawmakers to claim that his testimony may constitute <strong data-start=\"1353\" data-end=\"1364\">perjury<\/strong>, a serious offense under federal law.<\/p>\n<h3 data-start=\"1404\" data-end=\"1467\"><span class=\"ez-toc-section\" id=\"Representative_Lunas_DOJ_Referral_%E2%80%9CMisleading_Under_Oath%E2%80%9D\"><\/span>Representative Luna&#8217;s DOJ Referral: \u201cMisleading Under Oath\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1469\" data-end=\"1813\">Florida Representative <strong data-start=\"1492\" data-end=\"1513\">Anna Paulina Luna<\/strong> has taken the lead in escalating the matter by filing a <strong data-start=\"1570\" data-end=\"1598\">formal criminal referral<\/strong> against Powell to the DOJ. She claims Powell&#8217;s comments to Congress were intentionally misleading, particularly regarding the cost justification and alleged inclusion of <strong data-start=\"1769\" data-end=\"1788\">luxury upgrades<\/strong> within the Fed building.<\/p>\n<p data-start=\"1815\" data-end=\"2114\">Describing the project as \u201coutrageous,\u201d Luna insists that public funds have been misused and that Powell\u2019s actions require further scrutiny. Powell, on the other hand, denies any wrongdoing, stating that the upgrades were strictly operational and that no luxury elements were part of the final plan.<\/p>\n<h3 data-start=\"2116\" data-end=\"2173\"><span class=\"ez-toc-section\" id=\"Independence_vs_Oversight_Feds_Role_Under_Scrutiny\"><\/span>Independence vs. Oversight: Fed\u2019s Role Under Scrutiny<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2175\" data-end=\"2549\">This development raises deeper questions about the <strong data-start=\"2226\" data-end=\"2260\">Federal Reserve\u2019s transparency<\/strong> and accountability. The institution, which plays a critical role in <strong data-start=\"2329\" data-end=\"2348\">monetary policy<\/strong> and financial stability, has traditionally operated with a degree of independence from political oversight. However, recent events have reignited debates around whether that autonomy has gone too far.<\/p>\n<p data-start=\"2551\" data-end=\"2797\">Several members of Congress are now calling for a <strong data-start=\"2601\" data-end=\"2624\">comprehensive audit<\/strong> of the Fed, demanding increased visibility into how taxpayer money is being allocated and whether the central bank should remain shielded from regular congressional review.<\/p>\n<hr \/>\n<p data-start=\"2551\" data-end=\"2797\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair Jerome Powell is facing serious accusations from members of the U.S. Congress over a controversial $2.5 billion renovation project for the Fed\u2019s Washington D.C. headquarters. Lawmakers allege that Powell may have provided false testimony under oath, prompting a formal referral to the Department of Justice (DOJ) for a potential criminal investigation. The<\/p>\n","protected":false},"author":29,"featured_media":36455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[20992,1856,20993,640,3752,2302,20991,2297],"class_list":["post-46434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-anna-paulina-luna","tag-doj","tag-false-testimony","tag-fed","tag-federal-reserve","tag-monetary-policy","tag-perjury","tag-powell"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Criminal Referral for Fed Chair Powell: Congress Sends Allegations to the DOJ - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Powell is facing serious allegations over statements he made regarding the $2.5 billion headquarters renovation project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Criminal Referral for Fed Chair Powell: Congress Sends Allegations to the DOJ - 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