Story perspectives

Judge Blocks Subpoenas Against Fed Chair Powell Amid Controversy

3/14/2026

Summary

Story summary

U.S. District Judge James Boasberg quashed grand jury subpoenas targeting Federal Reserve Chairman Jerome Powell.
The subpoenas aimed to pressure him to lower rates or resign.
U.S. Attorney Jeanine Pirro plans to appeal, calling the ruling outrageous.
Senator Thom Tillis vows to block Kevin Warsh's confirmation until the investigation ends.
The ruling complicates U.S. President Donald Trump's influence over the Fed, as Powell's term ends in May and he may remain on the board through 2028.

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Story summary

U.S. District Judge James Boasberg quashed grand jury subpoenas targeting Federal Reserve Chairman Jerome Powell.
The subpoenas aimed to pressure him to lower rates or resign.
U.S. Attorney Jeanine Pirro plans to appeal, calling the ruling outrageous.
Senator Thom Tillis vows to block Kevin Warsh's confirmation until the investigation ends.
The ruling complicates U.S. President Donald Trump's influence over the Fed, as Powell's term ends in May and he may remain on the board through 2028.