Judge Quashes Grand Jury Subpoenas in Powell Probe
Judge James Boasberg quashed two grand jury subpoenas he found were aimed at pressuring Fed Chair Jerome Powell to lower interest rates.
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Overview
Chief Judge James Boasberg granted a motion to quash two grand jury subpoenas issued to the Federal Reserve, finding they were served for an improper purpose to harass or pressure Chair Jerome Powell.
Boasberg issued a 27-page decision dated March 11 and unsealed on Friday that said the government produced essentially zero evidence that Powell committed a crime.
U.S. Attorney Jeanine Pirro said she would appeal the ruling and called it "outrageous," while the Federal Reserve had moved in court to block the subpoenas.
The investigation opened in November centers on the Fed's multibillion-dollar headquarters renovation and Powell's Senate testimony in June 2025, and Senator Thom Tillis said he will withhold support for Kevin Warsh until the probe is closed.
The Justice Department has said it will appeal Boasberg's decision, a step that could affect the timing of appointing a new Fed chair when Powell's term ends in May.
Analysis
Center-leaning sources frame the story as a judicial rebuke of partisan pressure on the Federal Reserve, foregrounding the judge's scathing language and contextualizing Trump's attacks. Editorial choices prioritize the court's findings and institutional-independence angle, while presenting DOJ and Republican responses as reactive source content rather than equal narrative pillars.
FAQ
Judge Boasberg ruled that the subpoenas were issued for an improper purpose to harass or pressure Fed Chair Jerome Powell into lowering interest rates or resigning, with essentially no evidence of criminal activity.