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Subpoenas Quashed Again
Judge Boasberg denied the Trump administration's request to revive subpoenas targeting Powell.
“The U.S. District Court for Washington, D.C., denied the government's motion to reconsider an earlier decision to throw out the grand jury subpoenas directed at 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.
“There was ample evidence that the subpoenas were intended to pressure Powell rather than pursue a legitimate criminal investigation”
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.