JUST IN: Jerome Powell Criminally Referred to the DOJ!

A criminal referral for Federal Reserve Chair Jerome Powell has just been issued to the DOJ!

He is being referred over alleged perjury related to his whopping $2.5 billion building renovation project.

Rep. Anna Paulina Luna announced on X:

I am criminally referring Jerome Powell to the DOJ to investigate perjury regarding his crazy $2.5BN building.

— Rep. Anna Paulina Luna (@RepLuna) July 17, 2025

This is huge…

To give you some context, the Federal Reserve renovation project has skyrocketed from the initial $1.9 billion to $2.5 billion.

Jerome Powell is being suspected of fraud related to the extremely suspicious building project.

If it turns out that way, then he could very well be removed from his position as Federal Reserve chair.

He also could be prosecuted if he did, in fact, lie to the Senate about the luxury features he testified on in defense of the renovation project.

The New York Post provided more background:

Federal Reserve chairman Jerome Powell defended his $2.5 billion headquarters renovation project near the National Mall Thursday — insisting that “we take seriously the responsibility to be good stewards of public resources.”

“We have taken great care to ensure the project is carefully overseen since it was first approved by the Board in 2017,” Powell claimed in a letter to White House director of management and budget Russ Vought, even though the project is already about $600 million over budget

Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell consider resigning after refusing to lower interest rates.

Just one hour prior to Rep. Luna’s announcement, Federal Housing Director Bill Pulte posted:

I am told by very reliable Congressional sources that there may be a criminal referral coming from one or more Congress members to the DOJ for Jay Powell’s alleged perjury about the $2.5BN building.

— Pulte (@pulte) July 17, 2025

President Trump also recently hinted that Jerome Powell could lose his position over this.

Watch this:

President Trump slams Jerome Powell for spending $2.5 billion on a luxurious renovation of the Fed while keeping our interest rates ridiculously high and costing us billions.

"If Jerome Powell stepped down, it would be a great thing."

I can't imagine why the Fed would need a… pic.twitter.com/OvzJTOsKbw

— Patriot Lady (@angelwoman501) July 14, 2025

Things are heating up…

Stay tuned.

What do you think?