Workplace of Administration and Finances Director Russ Vought informed The Gateway Pundit that the Trump administration is engaged on “attending to the underside” of whether or not or not Jerome Powell lied to officers and Congress as Powell faces a felony referral for perjury.
Vought spoke to reporters on the White Home on Thursday after the President toured the renovation website on the Federal Reserve headquarters.
Powell is beneath fireplace for the price of renovating the Fed’s DC headquarters. The associated fee ballooned from $1.9 billion to $2.5 billion, even increased if you bear in mind the third constructing that they’ve already renovated as a part of the challenge. In accordance with official federal reserve paperwork, the challenge will value upwards of $3.1 billion.
He’s additionally at the moment dealing with a felony referral to the Justice Division from Congresswoman Anna Paulina Luna (R-FL) for allegedly mendacity to Congress.
Luna says Powell lied on two events to each the Senate Committee on Banking, Housing, and City Affairs and in “formal correspondence” to Vought, a senior government official.
“On June 25, 2025, Chairman Powell supplied testimony beneath oath earlier than the U.S. Senate Committee on Banking, Housing, and City Affairs concerning the renovation of the Federal Reserve’s Eccles Constructing. In his statements, he made a number of materially false claims,” Luna stated in her letter to Legal professional Common Pam Bondi.
She goes on to stipulate the lies he informed, together with statements in regards to the Federal Reserve’s luxurious new options, that are “contradicted by the precise challenge plans,” and unfaithful statements in regards to the Fed’s Eccles Constructing renovation historical past.
“Individually, in a letter to the Workplace of Administration and Finances (OMB) Director Russell Vought, Chairman Powell characterised the modifications that escalated the price of the challenge from $1.9 billion to $2.5 billion as minor. Nevertheless, paperwork reviewed by congressional investigators point out that the scope and price overruns of this challenge have been neither minor in nature nor in substance,” she writes.
In accordance with the referral letter, Powell’s declare that “modifications have been supposed to simplify building and scale back the chance of additional delays and price will increase” is “contradicted by the Federal Reserve’s closing submission to the Nationwide Capital Planning Fee (NCPC) and by the assertions made in Director Vought’s personal authentic letter to Chairman Powell.”
On Thursday, when requested if he thinks Powell must be indicted for his lies, Vought informed The Gateway Pundit, “we’re gonna hold attending to the underside of the questions that we have now and the statements that he’s made.”
WATCH:
The Gateway Pundit reported on a fiery alternate between Trump and Powell, when the Fed Chairman tried to argue with Trump in entrance of the cameras.
Powell stated he doesn’t anticipate further value overruns, however “we’re prepared for them,” and “we have now somewhat little bit of a reserve that we might use.”
WATCH: Fed Chair Jerome Powell Tries to Argue with Trump when Confronted on Value of Fed Renovation
After his go to, President Trump stated on Fact Social that the challenge ought to have “by no means began,” and “hopefully, it will likely be completed ASAP.”
“Let’s simply get it completed and, much more importantly, LOWER INTEREST RATES!” Trump stated.
