- A federal judge ruled that subpoenas from the Justice Department targeting Federal Reserve Chair Jerome Powell were issued for an improper purpose.
- Judge James Boasberg stated the government provided “essentially zero evidence” of a crime and the subpoenas appeared to be political pressure on monetary policy.
- The Trump administration and Powell have been at odds over the Fed‘s spending and interest rate decisions.
- U.S. Attorney Jeanine Pirro criticized the ruling as “untethered to the law,” arguing no one should be above legal process.
A federal judge in Washington, D.C. blocked subpoenas from the Trump administration targeting Federal Reserve Chair Jerome Powell on March 13, 2026, according to a social media report. Judge James Boasberg’s order concluded the subpoenas, related to building renovations, aimed to pressure Powell on interest rates.
However, the judge’s court filing found the government’s justification was “so thin and unsubstantiated that the Court can only conclude that they are pretextual.” Consequently, he ruled the legal demands served an improper purpose and must be quashed.
Meanwhile, U.S. Attorney Jeanine Pirro publicly denounced the judge’s decision to exonerate Powell. She argued the ruling created a dangerous precedent allowing subpoenas to be ignored based on a subject’s reputation.
This legal clash occurs during the final months of Powell’s tenure, which expires in May. The Fed Chair and President Trump have frequently disagreed over spending and monetary policy.
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