Story perspectives

Court ruling clears Powell as Warsh nomination advances

By Drooid · Oct 1, 2026, 12:00 AM UTC · How we work

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Judge blocks subpoenas

U.S. President Donald Trump publicly attacked Federal Reserve Chair Jerome Powell over cost overruns of the Fed’s Washington headquarters renovations, beginning in April 2025.
Coverage notes investigations, grand-jury subpoenas, and a March 2026 court ruling that cleared Powell and enabled Kevin Warsh’s nomination to proceed.
The renovation budget rose from $1.88 billion to $2.46 billion between 2024 and 2025 estimates.
Chief U.S. District Judge James Boasberg blocked DOJ subpoenas in March 2026.

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Powell Calls Probe Pretext

U.S. President Donald Trump publicly attacked Federal Reserve Chair Jerome Powell over cost overruns of the Fed’s Washington headquarters renovations in April 2025.
An internal watchdog report found the Fed board violated cost-management rules, deeming the overruns mismanagement but not criminal, while Powell labeled the DOJ probe a pretext for pressure on rate policy.
Renovation costs rose from a $921 million budget in February 2020 to $2.018 billion by December 2024.

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Judge blocks subpoenas

U.S. President Donald Trump publicly attacked Federal Reserve Chair Jerome Powell over cost overruns of the Fed’s Washington headquarters renovations, beginning in April 2025.
Coverage notes investigations, grand-jury subpoenas, and a March 2026 court ruling that cleared Powell and enabled Kevin Warsh’s nomination to proceed.
The renovation budget rose from $1.88 billion to $2.46 billion between 2024 and 2025 estimates.
Chief U.S. District Judge James Boasberg blocked DOJ subpoenas in March 2026.

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