Judge Boasberg Blocks DOJ Subpoenas for Fed Chair Powell, Cites Political Pressure
Key Takeaways
- Judge Boasberg blocks DOJ subpoenas seeking Powell records tied to Fed renovation project.
- DOJ bid to reinstate Powell subpoenas rejected, preserving the block.
- Ruling delays Trump's move to install a more compliant central bank head.
Subpoenas Quashed Again
Judge Boasberg denied the Trump administration's request to revive subpoenas targeting Powell.
The subpoenas sought records related to a $2.5 billion Fed headquarters renovation.
Boasberg found abundant evidence the probe was a political vendetta to force Powell to lower rates or resign.
The ruling sets up a likely appeal by DOJ.
Political vs. Criminal Investigation
Boasberg ruled the subpoenas were not part of a genuine criminal investigation but a tool to target Powell.
The investigation examined whether Powell committed fraud and lied to Congress about renovation costs.
Analysts widely characterized the DOJ move as political interference.
DOJ Vows to Appeal
Pirro called the judge an activist and vowed to press ahead.
The ruling threatens to delay the confirmation of Trump’s Fed nominee Kevin Warsh.
Non-Western sources highlighted the investigation as a Trump-driven vendetta.
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