Source: US News & World Report
“President Donald Trump’s administration has asked a judge to reconsider his ruling that has effectively blocked a criminal investigation into U.S. Federal Reserve Chair Jerome Powell, according to court documents made public on Monday. Washington-based U.S. District Judge James Boasberg in a ruling unsealed on Friday blocked subpoenas issued by federal prosecutors in January seeking information about cost overruns in renovations at the Fed’s headquarters and Powell’s testimony to Congress last year about the project. Boasberg concluded that prosecutors had improperly issued the subpoenas, saying a ‘mountain of evidence’ suggests the investigation — as Powell has argued — was intended to pressure the Fed chair to rapidly lower interest rates or resign as chair. The Justice Department in a new filing urged Boasberg to revisit his decision.” (03/16/26)