02.07.2025 21:02
Intense scrutiny is now facing Federal Reserve Chairman Jerome Powell following allegations of misleading Congress regarding a planned $2.5 billion headquarters renovation. The accusations have ignited a firestorm, prompting calls for a thorough investigation into his actions and potential perjury.
Bill Pulte, the director of the Federal Housing Finance Administration, has spearheaded the charge, demanding a congressional inquiry into Chairman Powell's conduct. Pulte's statement explicitly calls for Powell's removal from office, citing deceptive testimony before the Senate as sufficient grounds for dismissal. This bold move underscores the gravity of the situation and the widespread concern regarding Powell's credibility.
Powell's previous testimony before the Senate emphatically denied the inclusion of lavish amenities in the renovation plan. He specifically refuted the existence of features such as a VIP dining room, marble finishes, special elevators, water features, beehives, and rooftop gardens. However, recently released official documents paint a drastically different picture, directly contradicting his sworn testimony.
These documents, filed with the National Capital Planning Commission, reveal significant discrepancies. They detail plans for the restoration of private dining rooms, an extension of the Governors' private elevator to serve these dining areas, and the construction of vegetated roof terraces intended to attract wildlife. Furthermore, the documents explicitly mention the use of new marble and water features, all directly contradicting Powell's earlier statements.
The revelation of these discrepancies, coupled with a 30% cost overrun pushing the project's price tag to $2.5 billion from the original $1.9 billion estimate, has fueled public outrage and demands for accountability. This significant budget increase, along with the alleged false statements under oath, has sparked widespread concern about the Federal Reserve's financial management and calls for a comprehensive investigation based on information sourced from internet resources.
