Peter is very careful to answer in two ways: 1) a direct answer – “by the name of Jesus Christ [the Messiah] of Nazareth [a despised place], whom you crucified [their own rejection], whom God raised from the dead [a witnessed fact that could not be denied]” (4:10), 2) and by a response from Scripture; “This Jesus is the stone that was rejected by you, the builders, which has become the cornerstone [head of the corner]” (4:11. Psalm 118:22).
In other words, Peter is reminding these rulers that their rejection of their Messiah was foretold hundreds of years before. They now had a choice. They would either allow the prophetic word to stand true about them and be condemned by it, or they could let the conviction of the Holy Spirit, the Spirit of truth, arrest them and deliver them from sin and unbelief.
My dear friend, the power of God’s Word will either seal your judgment or deliver from the past (whatever has held you in bondage) and give you freedom in Christ. Will you resist the Spirit or will you let His power in the Word set you free and place your life on the foundation of truth?