Fed Chair Jerome Powell Subpoenas Blocked by Judge A federal judge has ruled to block subpoenas issued to the Federal Reserve as part of a criminal investigation into its chair, Jerome Powell, by prosecutors in the U.S. Attorney’s office for Washington, D.C., Jeanine Pirro. The court filing, disclosed on Friday, revealed that the judge’s decision prevents the prosecutors from compelling the Fed to provide documents or testimony related to the probe. The case centers on allegations tied to Powell’s involvement in costly renovations of the Federal Reserve’s headquarters and his testimony before the Senate Banking Committee regarding the project. Pirro is scheduled to provide an update on the investigation during a public statement on Friday afternoon. The timing of her announcement coincides with ongoing political tensions, as Senator Thom Tillis, R-N.C., has reiterated his opposition to confirming Kevin Warsh, President Donald Trump’s nominee to replace Powell as Fed chair. Tillis has stated he will not lift his block on Warsh’s nomination until the investigation of Powell is fully resolved. This legislative stalemate highlights the intersection of legal scrutiny and political maneuvering in the Federal Reserve’s leadership. Powell himself confirmed he became aware of the investigation by Pirro’s office, though he has not disclosed specific details about the allegations. The probe has drawn significant attention due to its potential implications for both the Fed’s independence and the broader economic policy landscape. Meanwhile, the legal battle over subpoenas underscores the challenges faced by prosecutors in accessing sensitive financial information, even as they navigate judicial oversight and political pressures.#federal_reserve #jeanine_pirro #jerome_powell #senate_banking_committee #thom_tillis
