LUNA Accuses FED Chair POWELL OF Perjury Over $2.5B Headquarters
The post LUNA Accuses FED Chair POWELL OF Perjury Over $2.5B Headquarters appeared on BitcoinEthereumNews.com.
Luna wants the DOJ to investigate Powell over the perjury of a $2.5B Fed HQ building project.
Powell demands luxury features to be removed, attention remains on much needed repairs.
The political fallout over the renovation is mounting; Fed is in a rare deficit.
Jerome Powell, Federal Reserve Chairman, faces criminal charges after a shocking D.O.J referral.The action, declared by Rep. Luna, escalates the debate on the 2.5 billion dollar re-modeling of the Federal Reserve headquarters as the budgetary shortage and cost overruns raise perjury allegations. Source – X The charges started when Luna sent Powell to the DOJ to look into her testimony regarding the exorbitant costs of the refurbishment project. According to Luna, there had been a material difference between Powell testimony and the facts of actual expenditures, the headquarters being called a building of 2.5BN, the financial transparency and misrepresentation on the real costs of the project being cited. Deficit, Luxury Upgrades, and The Oversight Showdown Opponents cite the high cost overrun of the renovation, $700 million, and the first deficit in the history of the Fed since FY23. It was said that the plans of the project are notable with rooftop gardens, marble decorations, water installations, and VIP exclusive elevators. The cost of $1, 923 per square foot is now over twice the average of the refurbishment cost of historic government properties. The letter sent by Russell Vought to Powell pointed out the disconnection between official words and high-end components of the project. Vought stated, “The Palace of Versailles would have cost 3 billion dollars in current currency, it is time to reinstitute oversight with the Office of Management and Budget and the National Capital Planning Commission.” Source: Powell’s response federalreserve.gov Powell’s response followed sharp criticism. He claimed that there has…
Filed under: News - @ July 20, 2025 5:21 am