You may have seen yesterday that the Trump DOJ is charging Federal Reserve Chairman Jerome Powell in regards to the Federal Reserve’s long-running, far over-budget remodel of its Washington, D.C. headquarters. In response to that, gold investors have driven the price of the precious metal above $4,600 for the first time.
Powell responded to the charges with a taped statement you can watch here:
Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX pic.twitter.com/O4ecNaYaGH
— Federal Reserve (@federalreserve) January 12, 2026
Congresswoman Anna Paulina Luna formally referred Powell to the DOJ for investigation for perjury regarding the project overruns at the Fed. She posted about it in July:
I have formally referred Jerome Powell to the DOJ for criminal investigation.
Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense— especially from someone tasked… pic.twitter.com/heXcu2YTyX
— Rep. Anna Paulina Luna (@RepLuna) July 21, 2025
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