{"id":46550,"date":"2025-07-22T11:00:07","date_gmt":"2025-07-22T08:00:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=46550"},"modified":"2025-07-22T11:26:25","modified_gmt":"2025-07-22T08:26:25","slug":"rep-luna-powell-doj-perjury-fed-pressure","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/rep-luna-powell-doj-perjury-fed-pressure\/","title":{"rendered":"Rep. Luna Refers Powell to DOJ Over Perjury Claims!"},"content":{"rendered":"<p><span data-contrast=\"auto\">U.S. Representative <strong>Anna Paulina Luna<\/strong> has officially referred <strong><a href=\"https:\/\/coinengineer.net\/blog\/criminal-referral-for-fed-chair-powell-congress-sends-allegations-to-the-doj\/\">Federal Reserve<\/a> Chair Jerome Powell<\/strong> to the <strong>Department of Justice<\/strong>, accusing him of perjury. Luna claims Powell made false statements under oath regarding the Federal Reserve&#8217;s Eccles Building renovation project. This development comes as Donald Trump ramps up pressure on Powell, reinforcing his calls for interest rate cuts.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The accusations center around two key points. First, during his June 25 testimony before the<strong> Senate Banking Committee<\/strong>, Powell claimed the renovation included no luxury features. However, project documents revealed elements like marble finishes, private dining areas, terrace gardens, and VIP elevators. Secondly, in an official letter to Vought, Powell presented a $600 million cost increase as a minor adjustment, but Congressional records show significant project impacts.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/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-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/rep-luna-powell-doj-perjury-fed-pressure\/#Perjury_Allegations_Powell_Faces_Up_to_5_Years_in_Prison\" title=\"Perjury Allegations: Powell Faces Up to 5 Years in Prison\u00a0\">Perjury Allegations: Powell Faces Up to 5 Years in Prison\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/rep-luna-powell-doj-perjury-fed-pressure\/#Fed_Under_Political_Pressure_Are_Economic_Decisions_at_Risk\" title=\"Fed Under Political Pressure: Are Economic Decisions at Risk?\u00a0\">Fed Under Political Pressure: Are Economic Decisions at Risk?\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Perjury_Allegations_Powell_Faces_Up_to_5_Years_in_Prison\"><\/span><span data-contrast=\"auto\">Perjury Allegations: Powell Faces Up to 5 Years in Prison<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Luna stated that <strong>Powell<\/strong> provided false information in two separate sworn statements \u2014 a serious offense under U.S. law. Perjury can result in up to five years in prison and fines. Such charges could also damage a public official&#8217;s reputation and potentially lead to removal from office.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Trump continues to escalate his pressure on Powell. He is urging the <strong>Federal Open Market Committee (FOMC)<\/strong> to implement a 300-basis-point interest rate cut, arguing that inflation has declined and <strong>rate cuts<\/strong> are overdue. Trump has even floated the idea of removing Powell from office, though insiders say he may avoid taking that step directly. Still, if fraud allegations gain traction, Powell might be forced to resign.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Markets are closely watching the situation. As of now, the probability of a Fed rate cut in September has risen to 56.1%. However, the July 30 FOMC meeting is expected to leave rates unchanged, with <strong>CME FedWatch<\/strong> data showing a 97.4% likelihood of holding steady \u2014 largely due to strong June employment figures.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Under_Political_Pressure_Are_Economic_Decisions_at_Risk\"><\/span><span data-contrast=\"auto\">Fed Under Political Pressure: Are Economic Decisions at Risk?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Powell\u2019s legal troubles represent more than a personal issue \u2014 they challenge the independence of the entire Federal Reserve. Luna\u2019s referral isn&#8217;t merely about project details; observers interpret it as a sign of mounting political pressure.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The key concern now is whether the Fed will base future rate decisions on market data or yield to political influence. Trump\u2019s statements and Luna\u2019s move underscore the intensifying political spotlight on Powell and the central bank.<\/span><\/p>\n<hr \/>\n<p><span data-ccp-props=\"{}\"><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>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Representative Anna Paulina Luna has officially referred Federal Reserve Chair Jerome Powell to the Department of Justice, accusing him of perjury. Luna claims Powell made false statements under oath regarding the Federal Reserve&#8217;s Eccles Building renovation project. This development comes as Donald Trump ramps up pressure on Powell, reinforcing his calls for interest rate<\/p>\n","protected":false},"author":36,"featured_media":39858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[21138,21137,21136,19780,19769,21141,21140,21133,21139,21132,21134,21135],"class_list":["post-46550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-congress-fed-probe","tag-doj-referral-powell","tag-eccles-building-scandal","tag-fed-independence","tag-fed-renovation","tag-fomc-political-influence","tag-jerome-powell-false-statement","tag-luna-powell-doj","tag-luna-trump-alliance","tag-perjury-accusation","tag-political-pressure-fed","tag-trump-rate-cut"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rep. 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