I searched for the source and found out that the one suing Powell is Luna mentioned in the quote. The so-called criminal charges are still just a matter of the Federal Reserve's renovation, there is nothing very new. However, it may be due to excessive gains and bull market downturns. Just find any reason to smash and then pull back until it really doesn't come back up after repeated many times. It's still early to truly smash the market, don't panic. Anna Paulina Luna is a Republican member of the United States House of Representatives (from Florida) who recently sent a criminal referral letter to the Department of Justice (DOJ) accusing Federal Reserve Chairman Jerome Powell of perjury twice during congressional testimony. The core of this incident revolves around the renovation project of the Federal Reserve headquarters building, which was originally budgeted at $250 million, but reportedly had significant cost overruns and schedule delays. Specifically, Luna pointed out in the letter that Powell provided inaccurate or misleading statements regarding the cost, schedule, and necessity of the project during congressional hearings in March 2023 and March 2024. For example, he once stated that the project was progressing smoothly and the cost was within budget, but the actual situation showed that the cost had skyrocketed and the project was facing delays. Luna believes that these testimonies constitute perjury, as Powell, as the Chairman of the Federal Reserve, has an obligation to provide truthful information during his sworn testimony in Congress.