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Judge Dismisses Subpoenas in Powell Investigation, Appeals Expected

3/17/2026

Summary

Story summary

Federal Judge James Boasberg quashed subpoenas issued by U.S. Attorney Jeanine Pirro in the investigation of Federal Reserve Chair Jerome Powell, saying the government presented zero evidence.
Subpoenas served as a pretext to pressure Powell into lowering rates, aligning with President Donald Trump's demands.
Pirro plans to appeal, arguing the grand jury's authority is undermined.
Investigation’s outcome could delay Senate consideration of Kevin Warsh, Trump's nominee to replace Powell.

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Story summary

Federal Judge James Boasberg quashed subpoenas issued by U.S. Attorney Jeanine Pirro in the investigation of Federal Reserve Chair Jerome Powell, saying the government presented zero evidence.
Subpoenas served as a pretext to pressure Powell into lowering rates, aligning with President Donald Trump's demands.
Pirro plans to appeal, arguing the grand jury's authority is undermined.
Investigation’s outcome could delay Senate consideration of Kevin Warsh, Trump's nominee to replace Powell.