US EditionJudge won’t reconsider decision blocking grand jury subpoenas of Fed, Jerome Powell
Boasberg said the subpoenas were aimed at pressuring Jerome Powell to cut rates or resign, and Justice Department leaders are weighing an appeal.
- On Friday, Chief U.S. District Judge James Boasberg rejected the Justice Department's request to revive subpoenas in the criminal investigation of Federal Reserve Chair Jerome Powell, maintaining his prior block on the probe.
- Records from a $2.5 billion renovation project were the target of subpoenas that Boasberg previously determined were issued for the 'improper purpose' of pressuring Powell to lower interest rates.
- Dismissing the government's motion, Boasberg wrote that prosecutors had a 'total lack of a good-faith basis to suspect a crime,' noting the department failed to present evidence of fraud.
- The Trump administration is expected to appeal the ruling, a move that could delay confirmation of Fed chair nominee Kevin Warsh, whom President Donald Trump selected to succeed Powell.
- Senator Thom Tillis, a Republican member of the Senate Banking Committee, vowed to continue blocking Warsh's nomination while any appeal plays out as Powell's term expires in May.
24 Articles
24 Articles
Judge rejects DOJ bid to unblock subpoenas targeting Fed’s Jerome Powell in biting opinion
A US district judge on Friday denied the Trump administration’s request to reconsider the legality of two subpoenas targeting the Federal Reserve, after he blocked them last month.
Federal Judge Upholds Block on Subpoenas for Fed Chair Powell
A federal judge on April 3 upheld his previous decision to stay subpoenas in a criminal investigation into Federal Reserve chairman Jerome Powell. U.S. District Judge James Boasberg rejected a request by the U.S. Department of Justice to reconsider his prior ruling that blocked the subpoenas. Powell is being investigated over a major renovation project taking place at the Fed’s headquarters. In a March 13 ruling, Boasberg found that the subpoena…
US judge upholds block on subpoenas to Fed’s Powell, teeing up likely appeal
A U.S. judge on Friday stood by his prior decision to block subpoenas issued in a criminal investigation into Federal Reserve Chair Jerome Powell, setting up a likely appeal that could further delay President Donald Trump’s move to install a more compliant central bank head. Chief U.S. District Judge James Boasberg in Washington, D.C. rejected...
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