President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve.
Separately, on Thursday the JFK Library Foundation said it would present the John F. Kennedy Profile in Courage award to Powell on May 31. Powell is being awarded for “protecting the independence of the Federal Reserve .
.. despite years of personal attacks and threats from the highest levels of government.” By resisting the pressure, Powell “safeguarded one of the country’s most essential apolitical institutions,” the foundation said.last week when a federal court threw out two subpoenas issued by Jeanine Pirro, U.S. Attorney for the District of Columbia, that sought information from the Fed about its $2.5 billion building renovation. “There is abundant evidence that the subpoenas’ dominant purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will,” U.S. District Judge James Boasberg wrote. Pirro said last week that she would appeal the decision and was unconcerned with any delays it would cause in Warsh's ability to take over from Powell. “I don't even know who he is,” Pirro said of Warsh. “Politics is not the lane I’m in right now. ... We are focused on the law.” Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.1:04What police want parents to know about 'teen takeovers' after Arlington gathering ends in arrestsJacksonville edges toward $4 a gallon; Here's how you can saveJacksonville city councilman pushing to roll out Waymo; Safety analysts have some concernsCity of St. Augustine introduces resolution that would permanently shorten Nights of LightsMother of 18-year-old killed at Westside Burger King serves customers, pays for meals in son’s honorMother of 18-year-old killed at Westside Burger King serves customers, pays for meals in son’s honorGator boys headed to Tampa to begin journey for back-to-back national titlesJacksonville approves next step in bringing UF campus to cityPrivate lender says she lost nearly $70K after working with BG Ventures Investment Real EstatePulse nightclub demolished as Orlando moves toward permanent memorial for 49 victims of massacreGoFundMe launched after car crash sends Jacksonville family of 4 to multiple hospitalsBehind-the-scenes look at bomb squad training at Camp BlandingJacksonville NAACP urges delay in JEA appointment amid investigationsCity Council holds first JEA Special Committee meeting over potential unpaid capacity feesAfter three years, still no arrests made in Jacksonville Beach St. Patrick’s Day shootingsSenate Housing Bill could boost Jacksonville’s fight against affordability crisisDonate, Declutter and Win During Goodwill’s ‘Clean Out Your Closet Week’Time to get some green in my garden. Expert advice from Five PointsCrashes increase on St. Patrick's Day so have a plan & stay alert1:38Northwesterly winds bring unseasonable cold to our areaJacksonville TikTok influencer advocates for expansion of trade programs in Duval CountyAtlantic Beach urges riders to follow e-bike rules amid spring breakGas station awning toppled during thunderstorms in Nassau CountyWeather Authority Alert Day: Front brings risk of severe storms, gusty winds, tornadoes and hailPrevious photo
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