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Judge squashes Justice Department's subpoenas targeting Fed Chair Jerome Powell, citing 'zero evidence'

#1 out of 743.3K est. views3.53%

business7h ago

Judge squashes Justice Department's subpoenas targeting Fed Chair Jerome Powell, citing 'zero evidence'

Mrf.lu and 9 more

A federal judge dismissed subpoenas against the Federal Reserve chair, citing zero evidence and suggesting the probe may be pretextual.
The court described the subpoenas as aimed at pressuring Powell to influence policy rather than pursuing legitimate criminal conduct.
The ruling noted the DOJ produced essentially zero evidence tying Powell to any crime, reinforcing the view the investigation targeted a disfavored official.

Vote 24

#2 out of 7189.3K est. views48.77%

business3h ago

Judge squashes Justice Department's subpoenas targeting Fed Chair Jerome Powell, citing 'zero evidence'

Mrf.lu

A federal judge tossed subpoenas aimed at the Federal Reserve Board in a probe involving Fed Chair Jerome Powell.
The judge said the subpoenas were served for an improper purpose and found little evidence of crime by Powell.
The ruling indicates the investigation may be pretextual, with the court calling the government’s justifications thin.
U.S. Attorney Pirro said the DOJ would appeal the decision.
The subpoenas targeted records on renovations of the Fed’s Washington, D.C., buildings and Powell’s testimony.
Powell’s term is up in May, with Warsh’s nomination under consideration by the Senate.
The ruling notes past statements from Trump criticizing Powell as part of the broader context.
The case has influenced ongoing discussions about Powell’s replacement and regulatory independence.
The article emphasizes the balance between political pressure and legal standards in federal probes.
The decision narrows the DOJ investigation while leaving open avenues for appeal.

Vote 1

Trump's campaign against Fed chair Jerome Powell dealt crushing blow

#3 out of 7

business7h ago

Trump's campaign against Fed chair Jerome Powell dealt crushing blow

Dailymail.co.uk

A federal judge quashed two subpoenas to the Federal Reserve tied to Powell case, marking a legal setback for Trump.
Judge James Boasberg ruled the subpoenas were improper and aimed to harass Powell rather than show crimes.
Pirro, a Trump ally, led the probe into Powell’s testimony and Fed building renovations.
Powell said the investigation aimed to pressure the Fed to cut rates and threaten its independence.
The ruling caps an aggressive push by Pirro against Powell amid ongoing debates over Fed independence.
Powell commented that punitive actions would hinder independent monetary policy.
Trump had criticized Powell for not cutting rates sharply and floated removing him.
The DOJ had sought Powell-related records tied to a Fed building project overhaul.
The court decision was unsealed on March 13, 2026, in a case linked to Pirro’s probe.
The article notes Trump publicly criticized the Fed chair on Truth Social.

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Judge blocks subpoenas against Fed Chair Jerome Powell citing 'essentially zero evidence'

#4 out of 7

business6h ago

Judge blocks subpoenas against Fed Chair Jerome Powell citing 'essentially zero evidence'

Nbcnews.com

A federal judge blocked subpoenas against Fed Chair Jerome Powell in a probe over the Fed's renovation project and related matters.
Judge James Boasberg ruled the subpoenas were issued for an improper purpose and quashed them.
Powell described the indictment threat as a pretext while defending Fed independence.
Senator Thom Tillis criticized the probe and suggested delaying Powell's successor nomination.
The Fed Open Market Committee was preparing to meet to discuss rates amid broader political pressure.
Powell’s remarks linked the probe to allegations tied to the renovation project and his Senate testimony.
The case drew reactions from lawmakers seeking to influence Fed leadership amid rate policy debates.
The block comes as prosecutors continue to pursue the broader investigation themes.
The article notes Powell’s public statements and a reaction from Pirro’s office.
The judge's order adds complexity to ongoing political and legal debates over Fed policy.

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#5 out of 7

business3h ago

Judge squashes Justice Department's subpoenas targeting Fed Chair Jerome Powell, citing 'zero evidence'

Businessinsider.com

A federal judge dismissed subpoenas targeting the Federal Reserve Board in a criminal probe of Jerome Powell, citing improper purpose.
Boasberg described the government’s justification as thin, suggesting the investigation was pretextual.
The subpoenas sought records about renovations to the Fed’s Washington, DC buildings and Powell’s Senate testimony on them.
U.S. Attorney Pirro signaled an appeal of the ruling, maintaining pressure on Powell amid the nomination process for Warsh.
The ruling intersects with Powell’s upcoming term and Warsh’s nomination, shaping the political dynamic around the Fed.
Some lawmakers oppose Warsh's confirmation until the criminal investigation concludes, complicating the Senate process.
The judge’s ruling followed a July Truth Social post from President Trump criticizing Powell.
Powell defended the Fed's stance in a January video about the subpoenas, framing the action as a response to political pressure on rates.
The broader context includes debates over Fed independence and how political forces may influence rate decisions.
The court's decision stops immediate scrutiny in this phase, with the government planning an appeal.

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Judge blocks DOJ's criminal probe of Federal Reserve, blasting it as political

#6 out of 7

business3h ago

Judge blocks DOJ's criminal probe of Federal Reserve, blasting it as political

Npr.org

A federal judge halted the DOJ’s criminal probe of the Federal Reserve, citing improper political pressure.
Judge James Boasberg voided subpoenas and found no crime by Powell beyond displeasing the President.
Powell's Fed chair term ends in May, with lawmakers ready to block a successor until the probe ends.
The ruling is a test of the Fed's ability to set policy without White House interference.
DOJ plans to appeal Boasberg's ruling, signaling ongoing legal battles over the probe.
Senator Thom Tillis supported the decision, arguing the probe undermines Fed independence.
The case has drawn attention to how the Fed should operate free from political pressure.
Powell described the probe as an attack on central bank independence, a view echoed by others.
The judge's decision curtails subpoenas targeting the Fed's January information requests.

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MS NOW stunned by Trump blunder that handed judge smoking gun to blow up his revenge probe

#7 out of 7100.00%

politics1h ago

MS NOW stunned by Trump blunder that handed judge smoking gun to blow up his revenge probe

Rawstory.com

MS NOW panel says Trump’s post undermined the Fed-related probe and suggested political motives.
Panel cites a Truth Social post as evidence influencing the investigation’s perception.
The probe focused on alleged mismanagement of funds for Fed headquarters renovation.
Judge James Boasberg’s ruling is cited as a rare example of political interference in the subpoena.
Democracy Forward commentator notes the context of ongoing court activity against the administration.
The article frames the case as an improper and unconstitutional effort by the administration.
The report highlights the political dimension of the probe into Fed governance.
Raw Story serves as the source for the primary quotes and context in this summary.

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