"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."
Representative Luna specifically accused him of lying about lavish amenities at the Federal Reserve's Eccles Building, where renovations characterized as minor would cost taxpayers between $1.9 and $2.5 billion. Read more and see X here.



