Powell accused of false testimony about luxury features in renovation.

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True. Rep. Anna Paulina Luna's criminal referral accused Powell of false testimony about luxury features in the $2.5 billion Federal Reserve headquarters renovation. Luna alleged that during his June 25, 2025 Senate Banking Committee testimony, Powell denied the inclusion of luxury features such as VIP dining rooms, premium marble, water features and a roof terrace garden. She claimed official project documents submitted to the National Capital Planning Commission directly contradict his statements. Luna also alleged Powell falsely claimed the Eccles Building "never had" a serious renovation, despite a major 1999-2003 overhaul. These accusations of false statements formed the legal basis for DOJ's criminal investigation.

Powell accused of false testimony about luxury features in renovation.

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