Court blocks Justice Department subpoenas of Federal Reserve - News Summed Up

Court blocks Justice Department subpoenas of Federal Reserve


A federal judge blocked the Justice Department’s move to subpoena Federal Reserve records, a significant setback in its inquiry into central bank chief Jerome H. Powell and his testimony about the Fed’s renovations of its headquarters. A grand jury issued subpoenas to the Fed seeking records or testimony about the renovation, with a Jan. 29 deadline, The Washington Post has reported. The ruling marks the latest setback for Pirro, whose office struggled with another high-profile case against Trump’s political foes. The president has nominated Kevin Warsh to replace Powell, whose term as Fed chair expires mid-May. Powell could elect to stay through early 2028 as a governor, depriving the White House of a crucial seat on the board.


Source: Washington Post March 13, 2026 20:56 UTC



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