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Posted on 07/17/2025 4:05:08 PM PDT by bitt
On Thursday, Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, said Fed Chair Jerome Powell may be criminally referred to the Justice Department for alleged perjury about the $2.5 billion building renovation plan.
“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 said on X.
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
An hour later, GOP Rep. Anna Paulina Luna criminally referred Jerome Powell over the renovation insanity.
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
Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost 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 depicted as lavish upgrades to its DC headquarters at Powell’s semiannual monetary policy hearing,’ CNN reported.
“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.
President Trump earlier this week said Jerome Powell’s renovation scandal may be enough to fire him as the Fed Chair.
“I can’t imagine why the Fed would need a palace,” Trump said.
WATCH:
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P
ohoh .... Trump is really turning up the heat on the fed now!
We need justice.
So, if true, Trump is right. He won’t fire him.
When it rains...
I can’t figure out why we taxpayers are on the hook for a palace for a private corporation.
Legally Blondi will do as much to Powell as she has
Done on:
People arrested for Russiagate hoax: 0
People arrested for COVID plandemic: 0
FBI agents who targeted Catholics: 0
People arrested for Butler assassination plot: 0
Hunter Biden laptop cover up: 0
People arrested for Mar-a-Lago raid: 0
People arrested for 2020 election coup: 0
People arrested for J6 committee withholding exculpatory evidence and gross denial of civil and constitutional rights: 0
More money laundering?
Hit the bricks, Jerry.
No. Anna Paulina Luna is turning up fake heat on him. Trump has said he won't fire him, and why should he? His term is up anyway in 10 months, and it makes Wall St. nervous to mess with the Fed.
Of course not. He chose the guy.
Her DOJ is busy winning at the USSC while fighting off 100 other BS cases from activist judges. One thing at a time.
That is an excellent list.
Bingo.
You win the interwebs today. Great post.
Trump Tower NY, a huge 2.65M Square foot building, was built for $300M, about $850M in 2025 dollars. How can you possible spend 3 times that much to renovate a building 1/10th the size (275,000 SF)? $9,000 per SF! That would translate to $3.6M for a 20x20 office. Short of decorating every room with Monet, Van Gough and Picasso, I don't think that's possible. There really needs to be a complete audit of this project, followed by disbanding the Federal Reserve.
May be. Title is erroneous.
Outrageous ,,,why can’t they just use some empty warehouse?
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