Jeanine Pirro, who issued the subpoenas, said she would appeal the ruling.
FILE – Federal Reserve Chair Jerome Powell speaks at the Federal Reserve, Wednesday, Dec. 10, 2025, in Washington. The investigation into testimony last June by Chair Jerome Powell about a $2.5 billion building renovation has also delayed Senate consideration of Kevin Warsh, President Donald Trump’s pick to replace Powell when his term ends May 15.
Judge James Boasberg said that the government has “produced essentially zero evidence to suspect Chair Powell of a crime” and called its justifications for the subpoenas so “thin and unsubstantiated” that they were simply a pretext to force Powell to cut rates, as Trump has repeatedly demanded. “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,” he wrote. The ruling blocks U.S. Attorney Jeanine Pirro, who issued the subpoenas, from obtaining records from the Fed related to the building renovation. Pirro blasted the ruling at a news conferecne and said she would appeal it. Pirro said an “activist judge” has quashed the subpoenas, and has “neutered the grand jury’s ability to investigate crime“ and leaves Powell “bathed in immunity.”Congressional Democrats say Trump tariffs will cost US households more than $2,500 this yearUnder pressure from Trump, Republicans plan long talkathon on voting bill Powell revealed the investigation in an unprecedented video Jan. 11, prompting Senator Thom Tillis, a North Carolina Republican and member of the Banking committee, to block consideration of Warsh until the investigation is dropped. Tillis said the ruling confirmed “just how weak and frivolous the criminal investigation of Chairman Powell is.” Tillis has vowed to blockade all Federal Reserve nominees, including that of Kevin Warsh, whom Trump has nominated to be the next Fed chair, until the criminal probe into Powell is dropped. “We all know how this is going to end and the D.C. U.S. Attorney’s Office should save itself further embarrassment and move on,” Tillis said Friday. “Appealing the ruling will only delay the confirmation of Kevin Warsh as the next Fed Chair.” Boasberg, who was nominated to the bench by Democratic President Barack Obama, has been at odds with the White House on other legal fronts since Trump returned to office last January. The Justice Department sought Boasberg’s removal from a high-profile case in Washington after he barred the Trump administration from carrying out a wave of deportation flights under Trump called for Boasberg’s impeachment, calling him an unelected “troublemaker and agitator.” The president’s searing criticism of Boasberg prompted a rare rebuke from Chief Justice John Roberts, who rejected calls for impeaching judges.11-year-old Centennial boy arrested on suspicion of murder in death of 5-year-old brotherMandatory evacuations lifted for Larimer County wildfire My son was hit by a snowboarder at Winter Park. Why has no one come forward with information? NHL rescinds Avalanche star Nathan MacKinnon's game misconduct: 'Mistakes happen'High winds force road closures, high school basketball relocations in Colorado
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