US judge nixes two subpoenas against Federal Reserve chair Jerome Powell
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A US judge, James Boasberg, quashed two subpoenas against Federal Reserve Chair Jerome Powell on Friday, March 13, 2026, determining they were issued for an "improper purpose" to harass Powell. The judge's decision cited a months-long campaign under former President Donald Trump to pressure the Federal Reserve to lower interest rates. Boasberg stated the government produced "essentially zero evidence" of any crime by Powell, suggesting the subpoenas were pretextual. The US attorney overseeing the case, Jeanine Pirro, a Trump appointee, criticized the ruling, accusing Boasberg of interfering in a grand jury proceeding and plans to appeal the decision. The subpoenas, though unsealed, remain partially redacted.
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