Fannie Mae and Freddie Mac Chairman's Statement
- Bill Pulte suggests Jerome Powell may face criminal referral to the DOJ for alleged perjury regarding a renovation plan.
- Pulte referenced reliable Congressional sources regarding the potential referral.
GOP Action
- GOP Rep. Anna Paulina Luna criminally referred Jerome Powell over the renovation issue.
Renovation Cost Controversy
- Powell criticized for the rising cost of the Fed’s DC headquarters renovation, increasing from $1. 9 billion to $2. 5 billion.
- Senate lawmakers questioned Powell on perceived extravagant upgrades during a policy hearing.
Background of the Renovation
- Fed's renovation project approved in 2017, initially costing $1. 9 billion.
- Construction began in 2021; costs increased due to unforeseen issues: more asbestos, toxic soil contamination, and a high water table.
Trump's Remarks
- President Trump commented that the renovation scandal could justify Powell's dismissal as Fed Chair.
- Trump described the need for a lavish Fed headquarters as questionable.
https://www.thegatewaypundit.com/2025/07/jerome-powell-may-be-criminally-referred-alleged-perjury/
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