Another stunt…
Fed Chair Jerome Powell pulled another shady stunt after Trump officials requested a tour of the so-called $2.5 billion in building ‘renovations.’
On Friday Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, revealed Jerome Powell offered a tour of the renovations on Friday night when no one was there.
Per The White House’s James Blair, Jerome Powell offered Our Group a Tour at 7pm last evening, when no one was doing so called renovations. Very disappointing! Yet another example of Powell dodging. Makes one even more concerned — where did this Billion $2.5 go?@JamesBlairUSA
— Pulte (@pulte) July 19, 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.
On Monday, Trump officials were declined a request for an on site visit to tour the building renovations and instead were given a “virtual site visit.”
“Instead of granting us our site visit, the Fed today released a “virtual site visit” video,” Trump White House official James Blair said. “What do they not want us to see?”
Instead of granting us our site visit, the Fed today released a “virtual site visit” video.
What do they not want us to see?
Fed Defends Renovations as Trump Administration Intensifies Attacks – The New York Times https://t.co/HUPEJm7Qdc
— James Blair (@JamesBlairUSA) July 21, 2025
Powell has been criminally referred to the Justice Department for prosecution.
On Monday GOP Congresswoman Anna Paulina Luna sent a letter to the DOJ accusing Powell of perjury.
“On June 25, 2025, Chairman Powell provided testimony under oath before the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding the renovation of the Federal Reserve’s Eccles Building. In his statements, he made several materially false claims,” Luna’s letter said, according to Fox News.
Rep. Luna said Powell was lying about the cost of the renovations.
“Separately, in a letter to the Office of Management and Budget (OMB) Director Russell Vought, Chairman Powell characterized the changes that escalated the cost of the project from $1.9 billion to $2.5 billion as minor. However, documents reviewed by congressional investigators indicate that the scope and cost overruns of this project were neither minor in nature nor in substance,” Luna wrote.
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