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Boasberg blocks subpoenas against Fed Chair Jerome Powell

March 13, 2026

A federal judge blocked the Justice Department’s efforts to issue a pair of grand jury subpoenas to the Federal Reserve Board, concluding that the effort was merely a “pretext” to pressure Federal Reserve Chairman Jerome Powell into lowering interest rates or resigning. U.S. District Judge James Boasberg said in the newly unsealed ruling that the Justice Department offered “no evidence whatsoever” that Powell committed any crime “other than...

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