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Judge Dismisses Subpoenas Against Fed Chair Powell, Sparks Appeal

3/14/2026

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Summary

Story summary

Judge James Boasberg dismissed the Justice Department subpoenas against Federal Reserve Chair Jerome Powell as politically motivated to pressure him to lower interest rates.
Boasberg noted a lack of evidence supporting the investigation.
U.S. Attorney Jeanine Pirro said she will appeal, arguing it obstructs the grand jury's work.
The ruling complicates U.S. President Donald Trump’s nomination of Kevin Warsh to succeed Powell, as Senator Thom Tillis requires the investigation be resolved before confirmation.

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Story summary

Judge James Boasberg dismissed the Justice Department subpoenas against Federal Reserve Chair Jerome Powell as politically motivated to pressure him to lower interest rates.
Boasberg noted a lack of evidence supporting the investigation.
U.S. Attorney Jeanine Pirro said she will appeal, arguing it obstructs the grand jury's work.
The ruling complicates U.S. President Donald Trump’s nomination of Kevin Warsh to succeed Powell, as Senator Thom Tillis requires the investigation be resolved before confirmation.