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Top 3 jerome h. powell News Today

#1
Trump's campaign against Fed chair Jerome Powell dealt crushing blow
#1 out of 3
business10h ago

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

  • 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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#2
Judge quashes grand jury subpoenas in Powell probe, dealing blow to DOJ
#2 out of 3
business8h ago

Judge quashes grand jury subpoenas in Powell probe, dealing blow to DOJ

  • A federal judge in DC quashed the grand jury subpoenas aimed at Jerome Powell, delivering a blow to the DOJ’s Powell probe.
  • Judge Boasberg said the government offered little evidence of crime, calling the case thin and pretextual.
  • The ruling casts doubt on whether the probe into Powell can proceed, at least in its current form.
  • Pirro had signed off on investigating Powell in November 2025, according to court filings and sources.
  • Powell’s lawyers contested the subpoenas as part of the DOJ’s renovation probe into the Fed’s headquarters.
  • Trump publicly criticized Powell but had previously urged action against political opponents seen as challenging him.
  • The DC U.S. Attorney’s Office opened the probe, with Jeanine Pirro overseeing the matter.
  • Powell faced scrutiny over the Fed’s headquarters renovation amid questions about policy independence.
  • The judge emphasized a lack of corroborating evidence and treated the subpoenas as potentially pressure tactics.
  • Powell’s case drew reaction from White House and lawmakers, signaling ongoing political tensions.
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#3
Judge squashes Justice Department's subpoenas targeting Fed Chair Jerome Powell, citing 'zero evidence'
#3 out of 3189.3K est. views
business6h ago

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

  • 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.
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