Judge Denies DOJ's Request to Reconsider Subpoenas Against Fed's Jerome Powell
A U.S. district judge has denied the Trump administration's request to reconsider the legality of two subpoenas targeting Federal Reserve Chair Jerome Powell. The subpoenas, which were initially blocked last month, sought records related to a criminal investigation into the Federal Reserve's headquarters renovation. U.S. District Judge James Boasberg, in a detailed opinion, stated that the government failed to provide new evidence or identify any errors in his previous ruling. The judge criticized the government's brief as insufficient to warrant a different outcome. The subpoenas were perceived as a tool to target Powell, following President Trump's pressure on him to lower interest rates. U.S. Attorney Jeanine Pirro, who appealed the initial ruling, argued that the judge's decision limits their authority to seek evidence of a crime. Despite the ruling, Pirro's office plans to appeal, which could delay the confirmation of Kevin Warsh, President Trump's nominee to succeed Powell.