{"id":99203,"date":"2026-04-04T00:56:54","date_gmt":"2026-04-04T03:56:54","guid":{"rendered":"https:\/\/ubirataonline.com.br\/judge-upholds-block-on-subpoenas-to-feds-jerome-powell\/"},"modified":"2026-04-04T00:56:58","modified_gmt":"2026-04-04T03:56:58","slug":"judge-upholds-block-on-subpoenas-to-feds-jerome-powell","status":"publish","type":"post","link":"https:\/\/ubirataonline.com.br\/en\/judge-upholds-block-on-subpoenas-to-feds-jerome-powell\/","title":{"rendered":"Judge upholds block on subpoenas to Fed’s Jerome Powell"},"content":{"rendered":"

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Federal Reserve Chair Jerome Powell addresses students at Harvard University, Monday, March 30, 2026, in Cambridge, Mass.<\/p>\n

Charles Krupa | AP<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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A U.S.\u00a0judge\u00a0on Friday stood by his prior decision to\u00a0block\u00a0subpoenas\u00a0issued in a criminal investigation into Federal Reserve Chair Jerome\u00a0Powell, setting\u00a0up\u00a0a\u00a0likely\u00a0appeal\u00a0that could further delay President Donald Trump’s move to install a more compliant central bank head.<\/p>\n

Chief U.S. District\u00a0Judge\u00a0James Boasberg, of the District of Columbia, rejected the Justice Department’s bid to reconsider his earlier ruling, which had effectively halted\u00a0the criminal probe into\u00a0Powell.<\/p>\n

Boasberg in a March 13 ruling determined that\u00a0subpoenas\u00a0to the Fed’s Board of Governors<\/a>\u00a0in January were issued for the improper purpose of pressuring\u00a0Powell\u00a0to accede to\u00a0Trump’s demands<\/a>\u00a0to rapidly lower interest rates or resign.<\/p>\n

The\u00a0subpoenas, issued by Washington D.C.’s top federal prosecutor Jeanine Pirro, a stalwart Trump ally, sought information about cost overruns in renovations at the\u00a0Fed’s\u00a0headquarters and\u00a0Powell’s testimony to Congress last year about the project.<\/p>\n

The ruling is\u00a0Powell’s latest victory in his battle with Pirro’s office about the investigation, which he has called a pretext for Trump to gain more influence over the Fed and monetary policy.<\/p>\n

Pirro has vowed to continue the probe and said her office is prepared to\u00a0appeal\u00a0to the U.S. Court of\u00a0Appeals for the D.C. Circuit. Justice Department leadership has backed the decision to\u00a0appeal, according to a source familiar with the matter.<\/p>\n

The\u00a0appeal\u00a0could delay confirmation of Kevin Warsh, Trump’s\u00a0pick to succeed\u00a0Powell<\/a>\u00a0as Fed chair. Senator Thom Tillis, a Republican member of the Senate Banking Committee who has criticized the probe into\u00a0Powell, has vowed to continue\u00a0blocking Warsh’s nomination while any\u00a0appeal\u00a0plays out.<\/p>\n

Powell\u00a0has\u00a0pledged not to leave<\/a>\u00a0the central bank until the probe is over.<\/p>\n

Prosecutors have said they are investigating\u00a0Powell\u00a0for potential fraud charges and false statements to a congressional committee. But a top lawyer in Pirro’s office acknowledged in court on March 3 that prosecutors do not currently know what evidence exists that\u00a0Powell\u00a0committed a crime, according to a court transcript.<\/p>\n

Pirro’s office faced a high legal bar to convince Boasberg to reverse his earlier decision, having to show that either new evidence emerged or the\u00a0judge\u00a0made a clear legal error.<\/p>\n

Justice Department lawyers argued that Boasberg set too high a standard for prosecutors to meet at the early stages of an investigation and misinterpreted the timeline of the probe.<\/p>\n

Lawyers for the Fed’s Board of Governors argued that Boasberg’s initial ruling was backed by “overwhelming evidence.”<\/p>\n<\/div>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n

Source link <\/a><\/p>","protected":false},"excerpt":{"rendered":"

Federal Reserve Chair Jerome Powell addresses students at Harvard University, Monday, March 30, 2026, in Cambridge, Mass. Charles Krupa | AP A U.S.\u00a0judge\u00a0on Friday stood by his prior decision to\u00a0block\u00a0subpoenas\u00a0issued in a criminal investigation into Federal Reserve Chair Jerome\u00a0Powell, setting\u00a0up\u00a0a\u00a0likely\u00a0appeal\u00a0that could further delay President Donald Trump’s move to install a more compliant central bank head. […]<\/p>\n","protected":false},"author":1,"featured_media":99204,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow2JLhCw:productID":"","maa_idioma":"","maa_pais":"","footnotes":""},"categories":[1],"tags":[13772,24780,13902,8738,13462,24779,24778],"class_list":["post-99203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ubirata","tag-block","tag-feds","tag-jerome","tag-judge","tag-powell","tag-subpoenas","tag-upholds"],"blocksy_meta":[],"yoast_head":"\nJudge upholds block on subpoenas to Fed's Jerome Powell - Ubirat\u00e3 Online Not\u00edcias - A realidade ao seu alcance!<\/title>\n<meta name=\"description\" content=\"Federal Reserve Chair Jerome Powell addresses students at Harvard University, Monday, March 30, 2026, in Cambridge, Mass.Charles Krupa | APA U.S.\u00a0judge\u00a0on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ubirataonline.com.br\/en\/judge-upholds-block-on-subpoenas-to-feds-jerome-powell\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Judge upholds block on subpoenas to Fed's Jerome Powell\" \/>\n<meta property=\"og:description\" content=\"Federal Reserve Chair Jerome Powell addresses students at Harvard University, Monday, March 30, 2026, in Cambridge, Mass.Charles Krupa | APA U.S.\u00a0judge\u00a0on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ubirataonline.com.br\/en\/judge-upholds-block-on-subpoenas-to-feds-jerome-powell\/\" \/>\n<meta property=\"og:site_name\" content=\"Ubirat\u00e3 Online Not\u00edcias - 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