Jerome Powell was criminally referred for alleged perjury over a $2.5 billion building renovation. GOP rep Anna Paulina Luna criminally referred Jerome Powell over the renovation.
The renovation of their headquarters has ballooned from 1.9 billion to 2.5 billion. Powell has asked the central bank’s inspector general to conduct an additional review of the ongoing renovation, CNN previously reported.
Last month, some Senate lawmakers grilled Powell over what they described as very lavish upgrades.
“The Fed’s renovation project was approved by its board in 2017 and originally cost $1.9 billion in 2019. Construction began in 2021, but the cost swelled to $2.5 billion because of “unforeseen conditions” requiring more spending to rectify, such as “more asbestos than anticipated, toxic contamination in soil, and a higher-than-expected water table,” according to the Fed’s website,” CNN reported.
In Powell’s June 25 Senate Banking Committee testimony, he disputed claims about expensive features in the renovation project. Powell told lawmakers there would be no “VIP dining room,” “new marble,” “special elevators,” or “roof terrace gardens” – contradicting elements that appeared in the original 2021 planning documents submitted to the National Capital Planning Commission.
In a letter to Powell, Vought contradicted Powell’s testimony, sayin that the project includes “rooftop terrace gardens, VIP private dining rooms and elevators, water features, premium marble, and much more.”
The Fed’s renovation costs soared from $1.9 billion estimate to $2.5 billion. Trump administration officials say Powell either misled Congress or violated federal planning requirements by changing approved designs without reauthorization.
Two senators joined the referral.
They want him gone. Now take a hard look at the entire Federal Reserve in general.
The one thing Conservative Republicans can always count on when attempting to take out a member of the Deep State sewer is that every one of these sleazebags has committed crimes of some sort. And investigators usually don’t have to dig very deep to find evidence of such crimes, given Deep Staters have never had to worry much about being arrested and prosecuted. Has that changed? Let’s just say I’m not convinced but I certainly hope so.
If they cannot get rid of Powell for this then I wonder what they can accomplish anywhere. Trump needs to give himself a boost instead of digging deeper holes. Of course, Bondi, the huge problem in the administration, will never act on that criminal referral. What is in it for her to take a risk against her precious establishment? (A fun part of this is that Luna continues to suggest actions that she knows Bondi will never take. Luna had it right from the beginning that Bondi was not acting properly on the Epstein files. She was the first one on Congress to mock Bondi’s phony initial release. Luna was assigned by Johnson to handle those issues, and Bondi ignored her requests for information every single time. Luna needled Bondi on Epstein and other things repeatedly, and has been correct every single time.) How about some in congress speak up on this, other than Luna? All it would take is for Johnson and Thune to say Powell should resign over his lies, and he would be gone. Why would I respect congress if it cannot get rid of Powell through pressure?
Yo keep bringing all these charges against Bondi, but never document anyth8ing. t sounds like you are writing FICTION.
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