Chief U.S. District Judge James Boasberg, of the District of Columbia, rejected the Justice Department’s bid to reconsider his earlier ruling, which had effectively halted the criminal probe into Powell. The subpoenas, issued by Washington D.C.’s top federal prosecutor Jeanine Pirro, a stalwart Trump ally, sought information about cost overruns in renovations at the Fed’s headquarters and Powell’s testimony to Congress last year about the project. The appeal could delay confirmation of Kevin Warsh, Trump’s pick to succeed Powell as Fed chair. Powell has pledged not to leave the central bank until the probe is over. Prosecutors have said they are investigating Powell for potential fraud charges and false statements to a congressional committee.

Source: Huffington Post April 03, 2026 22:29 UTC