Florida’s firebrand GOP Rep. Anna Paulina Luna dropped a bombshell Thursday, vowing to drag Federal Reserve Chairman Jerome Powell before the Justice Department for a perjury investigation. The allegations hinge on Powell’s questionable testimony about a lavish $2.5 billion renovation of the Fed’s headquarters, as Just the News reports. This move signals a conservative push to hold unelected bureaucrats accountable for misleading Congress.
Luna’s announcement on Thursday accuses Powell of lying under oath during his June congressional testimony about the Fed’s headquarters overhaul. The $2.5 billion project, funded by taxpayers, has sparked outrage among lawmakers. Luna claims Powell’s statements don’t align with government documents revealing extravagant features.
In his testimony, Powell denied the inclusion of a VIP dining room, new marble, or special elevators in the renovation plans. Yet, planning documents tell a different story, exposing these luxury additions. This discrepancy fuels Luna’s charge that Powell deliberately misled Congress.
Luna’s referral to the Justice Department aims to hold Powell accountable for what she sees as blatant falsehoods. The congresswoman didn’t specify when she’d file the formal criminal referral. However, her bold stance reflects growing frustration with Powell’s leadership at the Fed.
Government documents contradicting Powell’s claims have ignited bipartisan criticism. Lawmakers from both sides of the aisle have slammed the Fed chairman for his lack of transparency. For conservatives, this is another example of elitist bureaucrats dodging accountability.
The $2.5 billion price tag for the Fed’s renovation has taxpayers fuming. While ordinary Americans tighten their belts, the Fed seems eager to splurge on luxury upgrades. Luna’s push for a perjury probe underscores the need to scrutinize such reckless spending.
Powell’s testimony in June 2025 was meant to reassure Congress about the renovation’s necessity. Instead, his denials about high-end features like special elevators and marble finishes raised red flags. Government records exposing these additions suggest a disconnect between Powell’s words and reality.
Luna, a staunch conservative, is leveraging her platform to challenge the Fed’s unchecked power. Her call for a DOJ investigation aligns with the Trump administration’s broader critique of Powell. The administration has repeatedly blasted Powell for refusing to slash interest rates despite favorable economic conditions.
Low inflation and robust job numbers have fueled demands for rate cuts, yet Powell remains defiant. The Trump team argues this stubbornness stifles economic growth. Luna’s perjury allegations add fuel to the fire, painting Powell as both untruthful and out of touch.
Congressional critics, including some Democrats, have joined the chorus against Powell. His testimony’s inconsistencies have eroded trust in the Fed’s leadership. For conservatives, this is a chance to rein in an institution that’s long operated with little oversight.
The Justice Department isn’t required to act on Luna’s referral, which could limit the probe’s impact. Still, the move sends a clear message: Congress won’t tolerate being misled. Luna’s gambit puts pressure on the DOJ to at least consider investigating Powell’s claims.
The Fed’s $2.5 billion renovation has become a symbol of bureaucratic excess. While Powell downplayed luxury features, documents reveal plans for a VIP dining room fit for elites. This contradiction undermines the Fed’s credibility and justifies Luna’s call for accountability.
Luna’s decision to target Powell reflects a broader conservative push to curb unelected officials’ overreach. The Fed’s lavish spending, coupled with Powell’s questionable testimony, reeks of the progressive arrogance conservatives despise. Taxpayers deserve better than a central bank that prioritizes marble over honesty.
The Trump administration’s ongoing feud with Powell adds context to Luna’s bold move. By refusing to cut interest rates, Powell has drawn the ire of economic populists. His apparent dishonesty about the Fed’s headquarters only deepens the distrust.
As Luna prepares her DOJ referral, the spotlight remains on Powell’s leadership. Whether the Justice Department investigates or not, this saga exposes the Fed’s disconnect from everyday Americans. Conservatives like Luna are right to demand answers and accountability.
